Global defence industry leaders to share insights at ADIOC 2015, organised under patronage of Mohamed bin Zayed

ABU DHABI, 16th February 2015 (WAM) — Under the patronage of His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi International Offset Conference (ADIOC 2015), which will take place at the iconic Ritz Carlton Grand Canal Hotel in Abu Dhabi on 18 and 19 February 2015.

The conference is being organised by Tawazun Economic Council, in collaboration with the Global Offset and Countertrade Association (GOCA), UK Aerospace, Defence and Security Industries (ADS) and a host of UAE and international partners and sponsors.

ADIOC 2015 will see industry leaders and experts in defense manufacturing and industrial participation, government and private sectors from 25 countries from the Middle East, Asia, Europe and the United States, gathering to discuss the latest trends and to share future projections of the global offset and countertrade.

High on the opening day’s agenda is a keynote speech by Mohamed Ahmed Al Bowardi, Under-Secretary of the UAE Defense Ministry. Other speakers for the day include Saif Mohamed Al Hajeri, Chief Executive Officer of Tawazun Economic Council and Tawazun Holding, Matar Ali Al Romaothi, Chief Officer of the Industrial Development Unit at the Council and a number of UAE Armed Forces officers and senior government officials.

Matar Al Romaithi will give a presentation about success stories of the UAE industry, while Brigadier Yehya Al Hammadi, Deputy Director of Logistics Centers at the GHQ of the UAE Armed Forces, will focus his presentation on means of aligning offset programs with the procurement processes.

Luc Vigneron, Chief Executive Officer of the Emirates Defense Industries Company (EDIC), will deliver a speech that looks into the new developments in the UAE’s defense manufacturing sector.

ADIOC will also see presentations made on the offset and industrial participation programs in Turkey, Malaysia, Indonesia and South Korea.

Discussion panels and workshops will also touch on offset role in many fast growing sectors, including defense industries, aerospace, technology, education and trade.

Special panels will also be devoted to discuss new industry and economy related concepts such as cybersecurity, international cooperation in Research and Development, innovation engines and technology and know-how transfer.

Welcoming participants at the conference, Saif Al Hajeri said ADIOC will provide an opportunity to examine solutions drawn from offset core principles such as economic diversification, FDIs, technology transfer, fair trade and joint cooperation.

“As the most diversified and innovative economy in the region, the UAE is investing on different non-oil sectors, including industry, education and capability building,” he said.

“The conference will examine best ways to enhance the role of the private sector in the diversification drive and the impact of industrial participation programs on the economic development,” added Al Hajeri.

Al Hajeri underlined the conference’s importance in addressing issues of common interest among partners, sharing best industrial practices and exchanging expertise. He expressed his hope for a successful event and a positive outcome.

In a statement to mark the event, Matar Al Romaithi emphasised the importance of ADIOC 2015 which coincides with the International Defense Exhibition and Conference (IDEX 2015) in Abu Dhabi. He indicated that ADIOC 2015 will shine light on key strategic issue like the latest offset-related projects, establishing a link between private sectors and defense contractors and exploring opportunities for capability building.

“ADIOC has become one of the leading events of its kind. It provides a perfect platform for interaction with our partners and enable us to contribute in realising the prudent vision of our leadership,” he said.

Based in Abu Dhabi, the Tawazun Economic Council was founded in 1992 to fulfill a vision of comprehensive and sustainable economic and social development within the UAE.

The Council is responsible for the Tawazun Economic Program, formerly known as the UAE Offset Program, which was established to diversify the UAE’s economy and create new ventures in various sectors through partnerships with international defense contractors.

To date, the Program has resulted in the creation of several joint ventures in various economic and industrial sectors, including defense, aerospace, ship building, district cooling, aircraft leasing, fish farming, healthcare, agriculture, banking and education.

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SOURCE: Wam