practices
Offset
All foreign contractors awarded supply contracts with the State of Kuwait (or other jurisdictions imposing offset obligations in the Gulf region) which reach or exceed a prescribed threshold amount will incur offset obligations which must be satisfied by the foreign contractor.

ASAR has extensive experience in advising foreign contractors in complying with their local offset obligations, including negotiating agreements with local partners and implementing the relevant offset projects. We also assist and advise on the establishment of the necessary special purpose vehicle to implement the offset obligations.

 
 
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