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Date: Tue, 08 Feb 2011 16:17:50 +0000
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Offset Program Bureau holds event in Washington to discuss new policy and engage
with business executives from U.S. companies
posted on 07/11/2010
Washington, W. Under the patronage of Yousef Al Otaiba,
UAE Ambassador to the USA, the UAE Embassy hosted a
low
presentation, discussion, and dinner with a delegation from Me
Offset Program Bureau (OPB) of the United Nab Emirates
(UAE), led by Sat Al Hari, the CEO. Executives from US
companies with current and potential offset ololigations in the
UAE and who have interests in defence contracting, technology
transfer, and training opportunities in the UAE attended the
meettig.
Ambassador Al Otaiba, and Commercial Counsellor Saud N
Novels welcomed the group and provided opening remain. In
his remarks Al Otaiba stated: 'Since As establishment in 1992, the UM Offset Program has been
contributing vehemently in generating huge economic and commercial value for the UAE and several
successful and unique joint projects - mostly with US companies - had been set up under the umbrella
of the UAE Offset Program".
Al Maleri then addressed the audience and emphasised the new policy's focus on flexibility, ease of
project implementation and more involvement by defence contractors in the UM.
If I was asked to identify the single most important characteristic of the new pots, I would say
without hesitation its flexibility," said Al tiajeri.
'Under the new policy," he continued, "the defence contractors have more flexibility in selecting the
right mix of credit contribution with the adoption of a hybrid input and output model that enables
defence contractors to utilise their existing strength and neat ozwitnbutions." This past June, the OPB
announced in Paris an overhaul in its policy, involving more contribution by defence contractors to the
domestic economy with the aim of supporting sustainable growth.
Al Majeri also mentioned that the offset policy was Signed with the government's long-term economic
vision and "ambitious strategic' plans for comprehensive and sustainable economic and social
development that entails 'more focused effects towards diversified and knowledge driven economy,
industrial partnerships, capacity building, technology and knowledge transfer and creation of jobs for
the LIAE citizens'.
tie also praised the growing cooperation between the United States and the United Arab Emirates in all
domains. "I believe we have a historic opportunity to promote and broaden our strategic partnership by
accelerating our commercial cooperation, joint investments and exchange of technology, expertise and
best practices.' The delegation presented an overview of the new policy and followed me presentations
by a deleted Qi&iA panel discussion. The panel clarified various issues and concerns as well as
highlighted their intent to focus on and invest in skilled and dedicated people, leading-edge science and
technology and, above all, a healthy, sustainable, and efficient industrial base, capable of delivering the
national goals.
The OPB delegation also visited the Association of the United States Army's (AUSA) Annual Meeting A'
Exposition.
This visit to the US comes after the National Defence Industrial Association MIA) and the US-UAE
Business Council's 'Aerospace '&' Defence Trade Mission to the UAE,' which was supported by the UAE
Embassy Trade Hi/ Commercial Office and the US Embassy's Commercial Service in Abu Dhabi took
place earlier this month. The trade mission's program kscluded briefings and site visits with various
stakeholders in the UAE. SC Emirates News Agency, WAM
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| Filename | EFTA00671047.pdf |
| File Size | 157.1 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 7,261 characters |
| Indexed | 2026-02-11T23:26:11.025077 |