The Gulf Organization for Industrial Consulting (GOIC) announced that Gulf Cable and Electrical Industries Co. has joined the sponsors of the 15th Industrialists’ Conference “Foreign Direct Investment in GCC and its impact on industry” as Platinum Sponsors. The event will be hosted by the State of Kuwait on the 25th and 26th of November, 2015.
The 15th Industrialists’ Conference is held under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait. It is organised by Kuwait’s Ministry of Commerce and Industry, the Public Authority for Industry (PAI) and the Gulf Organization for Industrial Consulting (GOIC), in collaboration with Kuwait Direct Investment Promotion Authority (KDIPA), Kuwait Chamber of Commerce and Industry, the Industrial Bank of Kuwait and Kuwait Industries Union. The conference is organised in coordination with the Secretariat-General of the Gulf Cooperation Council, and the Federation of GCC Chambers (FGCCC).
Engineer Bader Naser Al-Kharafi, Chairman and Managing Director explained that Gulf Cable decided to sponsor the event because it is keen to participate in the 15th Industrialists’ Conference. This Conference will play a major role in drawing Foreign Direct Investments to GCC countries, hence contributing to the promotion of the economy in general, and the industrial sector in particular, says Mr. Al-Kharafi.
GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel praised Gulf Cable and Electrical Industries Co. on the decision to sponsor the event and for its key role in boosting industrial growth in GCC countries, in addition to its support of the Kuwaiti and Gulf economies.
The 15th Industrialists’ Conference aims to identify clear policies to stimulate development plans in GCC countries, based on a comprehensive set of elements drawing foreign investors. The conference will seek to strengthen the level of competitiveness of GCC countries by attracting foreign investments to promote Gulf economies.
The Gulf Industrialists’ Conference hosted by GOIC member states in rotation every other year is 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.