The Abu Dhabi International Offset Conference (ADIOC) concluded today after successful meetings, presentations and discussions with a participation from government official, the local and international defense sectors in addition to delegations from 25 different countries.

The event, organised by Tawazun Economic Council, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is in its 6th chapter and has grown from strength to strength.

This year’s theme was "Enticing opportunities: The Role of Industrial Partnerships in a shifting economic landscape".

On the second day of the conference Tawazun’s Chief Investment Officer, Andrew Blaxland gave the opening remarks. Several presentations were given covering the future frontiers of export and how they may affect the defense trade, major industrial participation trends as well as the Abu Dhabi Global Market platform.

Two panel discussions were held covering the partnerships among the government, industrial sector and the academia and how these partnerships contribute to boosting a knowledge-based economy.

The panel was moderated by Dr. Yehya Mohamed Al Marzouqi, Executive Director, UAE Capability Development at Tawazun and the panel members were representatives of reputable organizations in defense and educational sectors. The second panel was moderated by Majdi Bouchekoua, the Senior Manager, Research Centre at Tawazun. It highlighted the global change in industrialisation and the future outlook of the defense and aerospace industries.

Matar Ali Al Romaithi, Chief Officer, Industrial Development Unit, Tawazun Economic Council, stated that the conference highlighted important strategic issues such as the establishment of new investment projects that link between the international foreign defense companies and the private sector as well as promotion of investment in available domestic sector opportunities, and continuing to build national capacity.

He described the conference as "one of the world’s most important specialised forums to achieve the vision of Tawazun Economic Council, in line with the wise vision of the UAE leadership."