Tawazun Economic Council (Tawazun) is an industry enabler responsible for the creation and development of a sustainable defense and security industry in the UAE. Tawazun serves as a catalyst for economic growth for the enhancement of the defense and security industry. By driving economic value, technology and innovation, ecosystem growth, and capabilities development, Tawazun empowers industry for a better tomorrow.
Tawazun is a defense and security industry enabler with an economic development focus.
Who we are
Our History
1992
OFFSETS
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Established in 1992 as the ‘UAE Offsets Group’ with a mission to diversify the economy. It was soon known to become Abu Dhabi’s Think Tank..
1996
OFFSETS
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Gulf Diagnostic Center and Abu Dhabi Ship Building were established in addition to several other initiatives.
2000
OFFSETS
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Al Dar Properties was launched to follow a series of other listed companies created by Tawazun including Asmak and Waha Capital. Just a year prior, Dolphin Energy was announced.
2004
OFFSETS
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Created Mubadala and transferred strategic assets
2007
TAWAZUN ECONOMIC COUNCIL
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Rebranded to become the “Tawazun Economic Council”
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Launched Tawazun Holding as a Strategic Defence Manufacturing Arm
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First made in the UAE Pistol
2010
TAWAZUN ECONOMIC COUNCIL
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New Offset Policy with a focus on defense manufacturing launched
2014
TAWAZUN ECONOMIC COUNCIL
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Together with Mubadala and EAI, we consolidated our assets under EDIC
2017
TAWAZUN ECONOMIC COUNCIL
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Expanded Mandate: Prime Enabler for Defense and Security Industry Sector
2019
TAWAZUN ECONOMIC COUNCIL
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Launched a New Tawazun Economic Program Policy with a broadened focus targeting strategic sectors
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Launched the Defense and Security Development Fund