Enticing opportunities: The role of Industrial Partnerships in a shifting economic landscape.
ADIOC 2011 KICKS OFF WITH GREAT OPTIMISM
The Abu Dhabi International Offset Conference (ADIOC 2011) opened today at the Emirates Palace Hotel in Abu Dhabi on a note of optimism about the future of regional and global industrial partnerships.
The two-day conference is held under the Patronage of General His Highness Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces.
The conference opening was attended by the Minister of Foreign Trade H.E. Sheikha Lubna bint Khalid Al Qasimi; senior officials from federal ministries and local departments, as well as delegates from the GCC and other countries.
ADIOC 2011, held under the theme: “The Future Prospects of Industrial Partnerships”, brings together officials and offset experts from over 30 countries around the world. It is hosted by the Offset Program Bureau and organized by the Global Offset & Counter-trade Association (GOCA) and Aerospace, Defense & Security Group (ADS).
Chief Executive Officer of the Offset Program Bureau H.E. Saif Mohamed Al Hajeri, welcomed the attendees and outlined the aspirations of the Offset Program Bureau.
In his speech, Al Hajeri stated: “Our experience over the last two decades here in the UAE has led us to bring a sharper focus to the implementation of industrial projects and partnerships. Our mission is to become a gateway for foreign investment in the areas of defense, manufacturing and technology. Our goals focus on diversification of the economy, on the growth of private sector enterprise, on the inflow of knowledge and technology and the development of our National workforce. We aspire to develop the UAE into a centre of excellence for manufacturing that showcases the positive effects of our international defense partnerships.”
In her keynote speech, Sheikha Lubna referred to the recent changes in the UAE offset policy, aimed at further flexibility, ease of implementation and more involvement by defense contractors. She said that offset initiatives had been geared towards reinforcing the UAE’s industrial base, using the expertise of the international defense community and partners.
“The Offset Program’s revamped guidelines have promoted greater partnerships between the UAE and its contractors. They have encouraged earlier planning and implementation of projects and closer alignment between delivery milestones and the Emirates’ long-term economic plans. The improved policies reflect the Offset Program Bureau’s commitment to ensuring that our Offset Program is constantly updated and benchmarked with the world’s best offset programs,” she added.
She went on to say: “Today, our offset policies are regarded as more sophisticated than those found in many other countries. They are flexible, success-driven and dynamic, thus enabling contractors to customize their offerings and maximize their gains through their areas of expertise.”
Sheikha Lubna indicated that the UAE will focus more on direct offset projects. “Under our new Offset Policy, we are intensifying our focus on direct offset projects in key defense and manufacturing areas and on providing contractors with greater flexibility in meeting our offset criteria.”
She reiterated the UAE’s commitment to continue enhancing the various incentives offered to offset and other business and industrial partners, such as excellent infrastructure, tax-free environment, technological readiness, and our business-friendly government policies.
“As the Middle East’s recognized commercial hub, the UAE would like to reaffirm its commitment to further growing the benefits we offer to our offset partners. We believe that the offset sector is important to the effectiveness and sustainability of our diversification strategy and the safety and stability of our country.”
Highlighting the UAE Armed Force’s involvement in the country’s offset program, Chief of Logistics of the UAE Armed Forces General Dr. Khalifa Mohammed Al Rumaithi emphasized the strategic importance of a dynamic and efficient procurement framework to help international defense contractors align with the UAE’s needs.
Major General Dr. Khalifa Mohammed Al Romaithi, Chief of Logistics, UAE Armed Forces General Headquarters (GHQ), welcomed the clear focus of the new Offset guidelines which were announced 2010. He said: “The UAE’s new Offset Policy is the result of a number of years of hard work, dedicated efforts and close cooperation between the Offset Program Bureau, defense contractors and the GHQ of the UAE Armed Forces. It will enable GHQ to fulfill its strategic development goals and achieve productive partnerships with defense contractors.”
Outlining the details of the new policy framework, Matar Ali Al Romaithi, Chief Officer – Industrial Development Unit at Offset Program Bureau, explained details of the guidelines’ key features which include development of projects within defense contractors’ areas of expertise, planning of projects at an early stage and the flexibility of fulfillment. He was joined in a panel discussion on the evolution of GCC offset programs by Reem Al Khader, Acting General Manager of National Offset Company, Kuwait.
There were presentations from Eng. Khalfan Al Shamsi, Chief Executive Officer, Advanced Integrated Systems, the first Emirati integrated homeland security Solutions Company and Etihad Ship Building a joint venture company between Al Fattan Ship Industry, Fincantieri and Melara Middle East.
The conference, which concludes February 17, discusses a host of issues pertaining to evolution of offset programs, the latest offset regulations, industrial cooperation and global trade. It also touches on the aftermath of the global financial crisis and the role of Offset in contributing to national economies.
On the 17th, the conference will see presentations by a range of organisations including Department of Trade and Industry – South Africa, Oto Melara and Selex Sitemi Integrali part of Italy’s Finmeccanica group.
Welcome to ADIOC 2017
Tawazun Economic Council is greatly honored to welcome you to the Abu Dhabi International Offset Conference (ADIOC 2017) which will be hosted in our beautiful city of Abu Dhabi, the capital of the UAE under the theme “Enticing opportunities: The Role of Industrial Partnerships in a shifting economic landscape”.
Under the Patronage of
H.H. SHEIKH MOHAMED BIN ZAYED AL NAHYAN
Crown Prince of Abu Dhabi
Deputy Supreme Commander of the UAE Armed Forces