Abstract
The Middle East and North Africa (MENA) region provides a good example of why it is essential to carefully measure and balance the policy aims of local content requirements (LCRs) with its practical and on the ground sustainable development outcomes. Despite the clear and uniform overall policy objectives of LCRs in the MENA region, the application and implementation of LCRs continue to face practical challenges that may ultimately hinder their overall contributions to sustainable development in resource rich countries of the region. This chapter examines how questions of limited availability of domestic resources and capacity, lack of local content legislation, conflict with international investment obligations, and inadequate data protection frameworks may hinder overall sustainable development contributions of LCRs in the region. This chapter discusses optimal legal strategies for balancing the policy aims of LCRs in MENA countries with overall practical sustainable development outcomes.
| Original language | English |
|---|---|
| Title of host publication | Local Content and Sustainable Development in Global Energy Markets |
| Editors | Damilola Sunday Olawuyi |
| Publisher | Cambridge University Press |
| Publication status | Published - Mar 2021 |