No. 12



Four New Offset Projects Set Up In Abu Dhabi

The UAE Offset Group has announced the setting up of four newventures to launch offset projects in Abu Dhabi. Under the UAE offset program, any defensecontractor landing contracts in excess of $10mn is required to invest in joint ventureswith UAE businesses so as to generate profits totaling 60% of the contract value over aperiod of seven years.

The first project - CIA-MAR Emirates Marbles, Granite and Stone...