Abu Dhabi International Offset Conference (ADIOC 2009)

ADIOC 2009

The Abu Dhabi International Offset Conference (ADIOC 2009), which brought together officials and experts from over 25 countries around the world, has concluded on a very successful note.

United Arab Emirates: Saturday, February 21 - 2009 at 13:46PRESS RELEASE

H.E. Saif Mohamed Al Hajeri, Chief Executive Officer of the Offset Program Bureau.

ADIOC was held in Abu Dhabi under the aegis of General His Highness Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Offset Program Bureau (OPB).

It was hosted by the Offset Program Bureau and organized by the Global Offset & Counter-trade Association (GOCA) And Defense Manufacturers Association of Great Britain (DMA).

Participants in the two-day conference brought their experiences to close with presentations and discussions focusing on the latest trends in the offset and counter-trade industry, and the growing role of offset in boosting global trade. The event also represented an opportunity to exchange expert views and to share best practices in offset's core principles such as economic diversification, FDIs, technology transfer, fair trade, and joint cooperation.

In the event's final day, H.E. Saif Mohamed Al Hajeri, Chief Executive Officer of the Offset Program Bureau, gave a presentation on Tawazun Holding, an investment company that focuses on the development and expansion of selected emerging companies across a wide range of industrial and commercial disciplines.

Al Hajeri, also Chief Executive of Tawazun Holding, spelled out the company's strategies, future plans, and the joint ventures that will be announced during IDEX 2009, opening in Abu Dhabi next week. He indicated that Tawazun was gearing up to announce a package of new projects in defense, industry, and commercial sectors. 'We are preparing to unveil a number of investment and industrial ventures during the IDEX 2009, including a project that will be highlighted today by a fellow speaker.'

Al Hajeri also outlined the main characteristics of the UAE economy, including diversity, excellent infrastructure, technological readiness, tax-free environment, free zones, and support by public institutions. 'The UAE is the most competitive economy in the region. It has been developing at a staggering pace to become the economic, commercial, and tourist hub of the Middle East.'

Muaatasem Zakaria Awda, CEO of the Emirates Precisions Industries (EPI), shed light on the company, an ambitious project by Tawazun that promises to drive industrial development in the UAE.

Gianni Maratta, Director of Sales at the Abu Dhabi Systems Integration, focused his presentation on the company's plans to establish a center of excellence for electronic systems design, development, integration, and maintenance.

ADSI is joint venture between Abu Dhabi Ship Building (ADSB) and SELEX Sistemi Integrati of Italy. It was established in 2005 under the umbrella of the UAE Offset Program.

Other speakers included David Mcilvenna of Rolls Royce, who spoke about his company's experience with South Africa's NIP Offset Policy and Dennis Swanson, from Boeing Integrated & Defense Systems, whose presentation tackled Boeing's offset view.

An open discussion forum was held at the end of the conference. It was jointly moderated by Neil Rutter, former Chairman of GOCA and Rear-Admiral Rees Ward, Director General of the DMA.

The conference closed on an upbeat note, with a unanimous commitment to work toward bolstering offset's role in enhancing global trade.

ADIOC 2009 was timed to coincide with the International Defence & Conference Exhibition (IDEX 2009), scheduled to be inaugurated on Sunday.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License

Subscription expired — please renew

Pro account upgrade has expired for this site and the site is now locked. If you are the master administrator for this site, please renew your subscription or delete your outstanding sites or stored files, so that your account fits in the free plan.