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- Joint Ventures (JV)

Joint ventures are partnerships created between local and foreign companies to submit proposals in government tenders. These partnerships aim to combine local and global expertise to achieve the best results.

Advantages of Joint Ventures

  1. Enhancing Capabilities: Leveraging the advanced expertise and technologies of the foreign partner.
  2. Local Commitment: Increasing chances of compliance with local content requirements.
  3. Risk Sharing: Distributing responsibilities and costs between the parties.

Challenges in Joint Ventures

  • Conflict of Interests: The objectives of the participating companies may differ.
  • Legal Organization: Requires clear legal structuring of the partnerships.
  • Relationship Management: Joint ventures need strong coordination between the parties to ensure success.
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Tenders Alerts Platform
Platform Admin
Published at
2024-11-14
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