Tawazun Economic Council (TEC) was founded in 1992 to support a vision of comprehensive and sustainable economic and social development within the UAE.
Through the implementation of its economic development program initiatives, TEC acts as a key enabler for the development of defense and security industries in the UAE. TEC provides the needed inputs for the defense industrial development including attracting additional local and foreign capital into the industry as well as actively supporting the SME segment.
TEC targets new capability development, technology transfer and accelerated adoption of new technologies in the defense & security industrial sector thereby contributing to economic diversification.
Since its establishment, TEC has enabled creation of more than 90 companies and investment vehicles, covering 11 sectors, including defense manufacturing. These companies continue play a vital role in boosting economic growth in the UAE.