UAE: Tawazun Economic Program - The Tawazun Economic Council's New Policy Guidelines
The Tawazun Economic Council recently issued its new policy guidelines on the Tawazun Economic Program (formerly known as the UAE Offset Program). The threshold, triggering the offset obligations, has been raised to AED 36.73 million (approx. EUR 9 million). The possible sectors in which a defense contractor can invest have been extended.