The Middle East Propulsion Company (MEPC) was formed in 1992 as a joint venture partnership and is an Economic Offset Company which exists under the Economic Offset Program (EOP) of Saudi Arabia. EOP is an innovative investment program established in 1989 to help form profitable businesses in Saudi Arabia. Designed to attract foreign investment, the program encourages joint ventures between foreign and Saudi companies which promotes the expansion of the Saudi private sector through long term, mutually beneficial, collaborative business ventures. MEPC provides military engine depot-level maintenance for Royal Saudi Air Force (RSAF) aircraft and remains committed to being a world class provider for overhaul of engines, parts, and services.