Offset Program - MarcoPolis Your local business media with a global reach Thu, 26 May 2016 00:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 Between 2013-2025, GCC countries will spend 1 trillion on defense /between-2013-2025-gcc-countries-will-spend-1-trillion-on-defense.htm Thu, 26 May 2016 00:00:00 +0000 /between-2013-2025-gcc-countries-will-spend-1-trillion-on-defense.htm Between 2013 and 2025, GCC countries will have spent roughly 1 trillion on defence and about 30% of this is dedicated to capital expenditures. If a 35% offset requirement is enforced this means that 105 billion could either be invested or sourced domestically creating more than 280,000 jobs.

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]]> AEC: A Leading Technology Company with ICT and Defense Capabilities /aec-a-leading-technology-company-with-ict-and-defense-capabilities.htm Thu, 24 Jul 2014 12:11:05 +0000 /aec-a-leading-technology-company-with-ict-and-defense-capabilities.htm Advanced Electronics Company (AEC) was one of the companies created under the auspices of the Saudi Economic Offset Program, which originally started in the mid-1980s. The company focused on critical technologies and dedicated itself to defence electronics, later on spreading into other areas such as ICT and industry (power and energy).

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]]> Advanced Electronics Company Moving Saudi Arabia Closer to Knowledge Economy /advanced-electronics-company-moving-saudi-arabia-closer-to-knowlege-economy.htm Mon, 30 Jun 2014 00:00:00 +0000 /advanced-electronics-company-moving-saudi-arabia-closer-to-knowlege-economy.htm Dr. Ghassan Al-Shibl, President and CEO of Advanced Electronics Company (AEC)
The issue of a knowledge-based economy is clearly a very critical one for the Kingdom of Saudi Arabia. The beauty of knowledge-based industries lies in their heavy reliance and dependence on human resources. If you look at the composition of the population in the Kingdom, more than 60% of the population is less than 30 years old. We have a very young population, which is one of the most crucial requirements for the development of a knowledge-based econom

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