Joint Business Group Breakfast Seminar
On Wednesday Oct. 30, 2019, six Business Councils in Abu Dhabi along hosted a joint seminar on “Localization & Local Content in the UAE: Where are we? Where are we heading?” Invited speakers included Dr. Tom Deeb, T&M Associates
Localization programs have a long tradition in the UAE. While the defense industry has typically used “offset” or Industrial Cooperation programs, ADNOC has launched an In-Country Value (ICV) program, which was followed by the Abu Dhabi Value (ADV) program soft-launched by the Department of Economic Development (DED) in Abu Dhabi. Offset and ICV/ADV programs are procurement-driven and require a reciprocal economic contribution to the UAE, of a designated percentage of the value of the contract awarded. Foreign defense companies are granted offset credits under the Tawazun program in exchange for meeting their localization commitments. Under the ICV/ADV programs, suppliers are granted a localization score based on their local “footprint”.
Agenda:
| Welcome Address by Oliver Oehms, CEO, German Emirati Joint Council for Industry & Commerce (AHK) |
| Legal Insights on ADNOC’s In-Country Value Program (ICV); Department of Economic Development’s Abu Dhabi Value Program (ADV); and Tawazun Economic Council’s Economic Program by Dr. Constantin Frank-Fahle, LL.M., Senior Lawyer, SCHLÜTER GRAF Legal Consultant |
| Localization Programs in the UAE – Update on the Programs’ Status, by Dr. Tom Deeb, T&M Associates |
| Finding and Implementing a Unified Localisation Strategy in the GCC by Michael Hackenbruch, Senior Manager Commercial, McDermott |
| The Tawazun Economic Program and Synergies with ICV/ADV by Kim Schofield, Managing Partner, O2K Limited |
| Panel Discussion: How can the defense and oil & gas industries collaborate to satisfy their localization/offset requirements? Synergies between the industries and opportunities to leverage.
Doug McEwan, Director of Marketing and Contracts – Middle East and Asia, Borr Drilling Management DMCC Helmut Reichelt, Head of Diehl Defence Representative Office Abu Dhabi Jens Winkelmann, Managing Director, Endress+Hauser UAE Moderation: Oliver Oehms, CEO, German Emirati Joint Council for Industry and Commerce (AHK) |
Participating Business Groups:
Amcham Abu Dhabi
BENELUX Business Council
British Business Group Abu Dhabi
Canadian Business Council Abu Dhabi
German Emirati Joint Council for Industry & Commerce (AHK)
Swiss Business Council