Kuwait prepares defence offset choices as obligors reject first menu
The Kuwait Direct Investment Promotion Authority is preparing a new selection of projects for offset obligors. Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, KDIPA's Director General, expressed dismay that industry had rejected the options offered to contractors at a seminar held on June 4th but said that the authority will make adjustments.
UK refreshes DSIEP policy as "pesky civil servants" scrutinise reports
The Defence and Security Industrial Engagement Policy, Britain's mock industrial participation strategy, is under review and facing a "refresh." The review will consider national security capabilities and the support needed for ongoing implementation of the Strategic Defence and Security Review…. "This year it may be a little bit of a fudge in terms of the reporting process."
UAE: Saif Mohamed Al Hajeri leaves Tawazun – new appointment announced
The Tawazun Economic Council has announced the appointment of Tareq Abdul Raheem Al Hosani as the Chief Executive Officer of the council and of Tawazun Holding. He replaces Saif Mohamed Al Hajeri.
Saudi Arabia establishes new agencies to focus on local content and technology transfer
Saudi Arabia has established a new authority, the General Authority for Military Industries, to organise and develop the military industries sector. GAMI's duties will include negotiating with foreign companies to transfer technology and increase local content. The Public Investment Fund announced the launch of a state-owned military industrial company…..
Bell Helicopters "accepts Romanian request for domestic production"
Romanian Defence Minister Adrian Tutuianu has signed a Letter of Intent to purchase an undisclosed number of helicopters from Bell Helicopters. Further talks are scheduled regarding the company's plans to establish a joint venture with a subsidiary of Romarm.