The Saudi British Economic Offset Programme is designed to provide economic benefit for Saudi Arabia from defense expenditure overseas. The Programme was drawn up in response to the Al Yamamah Project, in which Saudi Arabia purchased Tornado, Hawk and PC-9 aircraft, naval vessels and related equipment and support from the UK. The Saudi British Economic Offset Programme, which is administered by British Offset, aims to offset some of this expenditure by promoting commercial projects in Saudi Arabia which will introduce new technology and investment through joint ventures or licensing agreements.
Since British Offset was formed in 1989 we have attracted some of the world’s largest corporations including Tate & Lyle, Huntsman Corporation and Basell (now LyondellBasell) and helped initiate projects with a total value of over £1 billion. These span agrotechnology to manufacturing and healthcare to training.
Read more about our project successes here.