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2020-12-06

Tawazun Economic Council Attends Resilience Strategy Forum

Tawazun Economic Council (Tawazun) recently took part in the Resilience Strategy Forum to discuss industrial partnerships in the UAE and future collaboration opportunities post COVID-19. Mubadala and EDGE hosted the Resilience Strategy Forum at the Conrad Hotel in Dubai as part of the Global Aerospace Summit working to contribute directly to the industry and defining future activities and summits.

Abdullah Al Awani, Executive Director, Economic Partnerships at Tawazun Economic Council, attended the forum and spoke along with senior representatives from international defence, aerospace and technology companies. He was part of a panel with Badr Al Olama, Executive Director - Aerospace, Mubadala Investment Company, Fahad Al Mheiri, Executive Director, Space Sector, UAE Space Agency, and Matthew Cochran, CEO, Defense Services Marketing Council.

In his keynote address, Al Awani welcomed the participants and underscored the growing and expanding opportunities the UAE offers to business and industrial partners with a focus on strategic sectors and technologies as the new policy main drivers.

Tawazun is considering plans to support UAE’s aerospace sector and to maintain the country’s global position as a key industry player in the post-COVID-19 era, Al Awani said.

“Tawazun focuses on driving innovation in aerospace. Over 34 per cent of projects and investments created under Tawazun Economic Program are focused primarily on aerospace,” he stressed.

Al Awani underlined the series of changes to the Tawazun Economic Program, announced by Tawazun last year, through which foreign and local investments are channelled into key sectors of the economy.

The new programme allows for the development of technology-driven solutions that extend beyond the defence and security industry, to include, aerospace; infrastructure and transportation; education technology; sustainability; environment and climate change; and food and water security.

Moreover, in August, Tawazun Economic Council formed a collaboration with Airbus and the National Space Science and Technology Centre (NSSTC) from UAE University, to build and develop a Satellite Assembly, Integration and Testing (AIT) Centre with the aim of manufacturing components and assembling, integrating and testing small to medium satellites.

Tawazun, established in 1992, is the industry enabler responsible for the creation and development of a sustainable defence and security industry in the UAE.

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