Transcription of History and changes in the UAE Offset program
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History and changes in the UAE Offset program
History and changes in the UAE Offset programPresentation for:ECCOP repared by:Blenheim Capital ServicesPROPRIETARY & CONFIDENTIAL 6-7 September 2011 The UAE Offset program The UAE Offset program was put in place in mid 1990to derive economic and commercial value from the country's extensive defense procurement program , which became a necessity after the Gulf War of 1990 -1991. The Offset programmeat that time was managed by the United Arab Emirates offsets Group ( UOG ). In 1992 a major series of revisions were made to the guidelines with further changes made again in 1994 to amend the 1992 changes . To date, the Offset program has resulted in the creation of several multi-million dollar joint ventures in various economic and industrial sectors including shipping, district cooling, aircraft leasing, fish farming, healthcare, agriculture, banking and education.
The UAE Offset Program • The UAE Offset Program was put in place in mid 1990 to derive economic and commercial value from the country's extensive defense …
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