Late payments to Japanese contractors in Dubai have caused concern about how the country’s businesses should operate in the Middle East, Tatsuo Watanabe, Japan’s ambassador to the UAE, said yesterday.
“There have been a great amount of delinquencies,” Mr Watanabe said at the beginning of a business forum in Abu Dhabi. That, he said, “raises questions about how Japanese businesses should operate in the Middle East”.
Japanese builders on the Dubai Metro were among companies that encountered payment problems on local projects, The National reported in November."
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