What does UOG mean in COMPANIES & FIRMS
UOG stands for United Arab Emirates Offset Group, a group that is responsible for the management of the UAE's Offset Program. The program was created in 1995 to promote technology transfers from international companies working on projects in the UAE to local UAE companies. The Offset Group promotes the transfer of knowledge and technologies related to finance, engineering, research & development and military training through its various activities. UOG works with a variety of local, regional and international partners, including governments, universities and private sector firms.
UOG meaning in Companies & Firms in Business
UOG mostly used in an acronym Companies & Firms in Category Business that means UAE Offset Group
Shorthand: UOG,
Full Form: UAE Offset Group
For more information of "UAE Offset Group", see the section below.
Final Words:
UAE Offset Group (UOG) is an important policy initiative of the government that seeks not only to bolster economic competitiveness but also promote technology transfer between UAE-based firms and multinationals operating within the region. Through various programs aimed at incentivizing investment into the domestic industrial base, UOG has been successful in helping create partnerships between Emirati businesses and external actors leading towards advancements that would have otherwise been impossible without outside help!
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