The Ministry of Commerce and Industry in the State of Kuwait and the Gulf Organization for Industrial Consulting (GOIC) will organise the 15th Industrialists’ Conference “Foreign Direct Investments in GCC and its impact on industry”.
The conference will be held on the 25th and 26th of November, 2015 in collaboration with Kuwait Direct Investment Promotion Authority (KDIPA), Kuwait Chamber of Commerce and Industry (KCCI) and in coordination with the Secretariat-General of the Gulf Cooperation Council and the Federation of GCC Chambers (FGCCC).
The15th Industrialists’ Conference to identify clear policies to stimulate development plans in GCC countries based on a comprehensive set of elements drawing foreign investors, said GOIC in a statement today.
It also seeks to create an ambitious strategy to develop and promote the industrial sector in order to attract more foreign investments. Furthermore, it aims at enacting legislations and laws and offering facilitations and incentives to foreign investors in order to create a promising investment environment. The conference will seek to strengthen the level of competitiveness of GCC countries by attracting foreign investments to promote Gulf economies, the statement added.
The statement considered the Gulf Industrialists’ Conference hosted by GOIC member states in rotation every other year to be one of GOIC’s most important achievements since its foundation in 1976. Since the first conference held in Doha in 1985, they have been contributing in developing private and public industrial sectors in GCC countries.
It noted that each conference tackles a specific topic influencing the development of industries in the region through a series of papers delivered by international experts and specialists. In fact, previous conferences resulted in recommendations that helped in developing industrial plans in GCC countries, notably in the area of the industrial development strategy.
Gulf Organization for Industrial Consulting (GOIC) is a regional organization that brings together the United Arab Emirates, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar, the State of Kuwait and the Republic of Yemen. It is based in Doha, Capital City of Qatar. It is an advisory knowledge-based institution aiming at developing regional industries by providing data, information, specialized researches, consultations and technical services for the public and private sectors in GCC countries.
Source: Qatar news agency
