What does British Offset do?

British Offset manages the Saudi British Economic Offset Programme, a £1 billion economic investment agreement that offers unprecedented opportunities for international companies to take part in lucrative joint ventures in Saudi Arabia.  We can help your company (which can be from almost any country in the world) take advantage of a range of incentives available to international joint venture partners, both under the Offset Programme and from the Saudi government.

Who 'owns' British Offset?

British Offset is part of the UK Ministry of Defence's Saudi Armed Forces Project.  However, its staff includes a number of secondees from BAE SYSTEMS, one of the world's major aerospace companies.  BAE SYSTEMS is the prime contractor under the UK/Saudi Arabia government-to-government agreement which British Offset exists to support.

Who can participate in the British Offset Programme?

British Offset's purpose is to bring economic benefit to Saudi Arabia.  To do this, we aim to attract technology partners from almost anywhere in the world.  British Offset is currently dealing with actual or potential partner companies from the UK, the United States, Canada, France, Germany, India, Italy, Japan, Norway,  Switzerland and China. 

Which market sectors does British Offset support?

Although British Offset is interested in all areas of the market (except the extraction of oil and gas), we are particularly interested in pursuing opportunities in downstream petrochemicals, pharmaceuticals and healthcare, and education and training.  We are currently supporting projects in these fields and also in logistics, agrotechnology, transport, the manufacture of building materials, and control systems.

What incentives are available to participants in the Programme?

Participants in the Programme are eligible for incentives from both British Offset and the Saudi Government.  These incentives include attractive loan funding, exemptions from duty, low cost utilities and rents, tariff free access to other GCC markets, free expert advice and continuous professional support.

What do I do next?

Contact British Offset to discuss your proposal and to discover how we can help you to pursue a successful joint venture in the dynamic and lucrative Saudi market