The Tawazun Economic Council, the organisation mandated to oversee implementation of the UAE’s offset program, co-hosted a symposium for an international audience representing various sectors — such as defence and aeronautics — in Paris recently.
The council introduced the Tawazun Economic Programme at the European Club for Countertrade & Offset, or Ecco, event and highlighted how it has partnered with world-class players to create multi-million dollar joint ventures in the UAE.
The council was established to promote industrial partnerships, facilitate technology and knowledge transfer, as well as build capacity in specialised fields.
Its Tawazun Economic Programme has since created several multi-million dollar joint ventures in the UAE in various economic and industrial sectors, including ship building and aircraft leasing.
Speaking to an audience of countertrade officials and industry leaders, Mohamed Al Mosa, acting manager of foreign affairs in Tawazun Economic Council’s Industrial Development Unit, presented an overview of the Tawazun Economic Programme, its focus areas, as well as the opportunities and benefits that come with being a trusted partner of the UAE.
“Countries like the UAE are seeking to expand their commercial imprint and develop trade opportunities outside their own markets. We see the UAE as perfectly positioned to capitalise on these changes; our economy is well-supported, strategically planned and steadily booming.”
The symposium took place on the sidelines of Eurosatory, the international land, airland defence and security trade show that takes places in Paris every two years, in which Tawazun is participating under the UAE pavilion.
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