Transcription of History and changes in the UAE Offset program
{{id}} {{{paragraph}}}
Example: air traffic controller
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. Offset Projects are required to add economic and commercial value to the UAE's economy equivalent to 60% of a contract's value.
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 procurement program, which
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: