Article: Abu Dhabi- UAE Offset Group.

Established in 1998, UOG is controlled by the governments of Abu Dhabi and Dubai. The group is in charge of channelling defence-related investments into profitable projects in various sectors to help diversify the UAE economy. The funds emanate from the offset investment programme of the federal defence ministry, a programme which requires foreign defence suppliers to invest locally an important part of their UAE orders. UOG identifies to projects in which offset investments are to be placed by the foreign suppliers in partnership with local investors. Several huge defence companies have set up offices in Abu Dhabi to launch offset projects identified by UOG. These ...

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