A press conference to announce the 15th Industrialists’ Conference

Kuwait’s Ministry of Commerce and Industry, the Public Authority for Industry (PAI) and the Gulf Organization for Industrial Consulting (GOIC) will hold a press conference to announce the 15th Industrialists’ Conference “Foreign Direct Investment in GCC and its Impact on Industry” held at the Sheraton Hotel, Kuwait, on the 25th and 26th of November 2015 under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, and with the participation of GCC ministers of industry. 

The press conference will take place at 11:30 am, Tuesday, October 13, 2015 at PAI Headquarters’ main conference room on the ground floor. The speakers will be Mr. Mohammed Fahad Al-Ajmi, acting director-general of the Public Authority for Industry (PAI) and HE Mr. Abdulaziz Bin Hamad Al-Ageel, Secretary General of GOIC. During this press conference, the official website of the 15th Industrialists’ Conference will be launched. The event will be concluded by a dialogue with the journalists. 

This press conference is to highlight preparations for the 15th Industrialists’ Conference aiming at establishing a promising investment environment and developing ambitious strategies to develop and stimulate the industrial sector and attract more foreign investments.

For more details, please visit the website of the industrialists’ conference: www.incge.com.

It is noteworthy that the15th Industrialists’ Conference to identify clear policies to stimulate development plans in GCC countries based on a comprehensive set of elements drawing foreign investors. 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 conference will develop recommendations and suggestions to improve the investment environment and overcome obstacles hindering foreign investments and directing foreign investments in accordance with GCC strategic plans to achieve their development goals and maximise the benefit from these investments. In addition to that, they will work on determining key pillars of GCC investment plans in the industrial sector. 

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. 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. 

Decision makers, officials, businessmen and industrialists are all interested in this conference. In its 14th version “Industrial Exports: Opportunities and Challenges”, the recommendations were to actively work on adopting policies and procedures aiming at facilitating the flow of Gulf exports to strengthen trade activities between Gulf countries and to benefit from GCC and Yemen seaports in addition to the existing land border points in support of Gulf industrial exports.