IDEX 2019: UAE updates offset policy

19 February 2019

The UAE has announced an update to the country's offset policies, allowing indirect offset programmes in a range of sustainability and infrastructure sectors, as well as changing the methods for undertaking investments in the country.

"As a framework, the new programme is less complex to operate within, and offers an increased range of tools for engagement," Matar Al Romaithi, chief officer of Tawazun's economic development unit, said, adding that "the changes … will create and unlock sustainable long-term opportunities to meet Tawazun's mandated aim of supporting the overall development of the UAE."

New sectors available for defence companies to discharge offset obligations include aerospace, infrastructure and transportation, education technology, sustainability, environment and climate change, and food and water security.

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