GOIC releases 112th issue of ‘Industrial Cooperation in the Arabian Gulf Magazine’
The Gulf Organization for Industrial Consulting (GOIC) put out the 112th issue of the “Industrial Cooperation in the Arabian Gulf Magazine”. In this regard, GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel wrote “Qatar… Investing in the Future”.
He stressed that “in the past few years, Qatar has moved steadily towards the implementation of an economic diversification strategy based on its 2030 National Vision.
In fact, Qatar’s economy made a quantum leap, particularly in the industrial sector. Qatar’s geographic position, free economy and abundant raw materials have hugely contributed to the transformation of this country into the hub of the Gulf and the world for promising investment projects.”
Mr. Al-Ageel reiterated GOIC’s support to the Gulf industrial sector and investments in the State of Qatar and other Gulf countries. He explained that the Organization focuses on stimulating joint activities between GCC countries by promoting economic integration in the Gulf based on the decisions of the two Gulf summits held in Abu Dhabi in December 2010 and Doha in December 2014.
This issue’s industrial report tackled industrial SMEs. It revealed that there were approximately 13099 SMEs in GCC countries in 2013, including 10563 small industries and 2536 medium-sized industries. In total, their share was about 83.5 per cent of the total 15689 GCC manufacturing industries.
Furthermore, the Magazine featured a dossier on Turkish exports prepared by Mr. Mustafa Mente, Secretary General of the Turkish Exporters Assembly. Mr. Mente explained that in 2013, Turkish exports to Europe were valued at 61.9 billion USD (42.6 per cent of the total exports), followed by exports to the Middle East (27.5 billion USD), the Commonwealth (18.2 billion USD), Africa (14.1 billion USD), North America (6.4 billion USD), Far East and other Asian countries (7.6 billion USD), South America (2.7 billion USD) and other countries (7 billion USD).
In an analytical article about GCC sovereign funds, Dr. Nozad Al-Hiti said assets of GCC sovereign wealth funds increased from approximately 1425 billion USD in 2010 to about 2520 billion USD in 2014, a 77 per cent increase according to the reports of the International Institute for Sovereign Wealth Funds.
Moreover, Dr. Wael Saeed, head of the e-government department at the General Authority of Customs in Qatar wrote about “Al-Nadib” Program, explaining how it offers the best customs clearance service in an efficient and effective fashion. “Al-Nadib” is indeed a customs clearance one-stop shop that plays a major role in facilitating trade, promoting economic growth and strengthening Qatar’s national security.
Editor-in-Chief Abir Adel Jaber’s article entitled “HH the Emir of Kuwait supports joint Gulf action” underlines HH the Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s patronage of the 15th Industrialists’ Conference “Foreign Direct Investments: their Impact on Gulf Industries”. According to Mrs. Jaber, this patronage was key to the activities of Kuwait’s Ministry of Commerce and Industry, Public Authority for Industry (PAI) and GOIC in preparation for the conference that will be held at the Sheraton Hotel, Kuwait on the 25th and 26th of November 2015. Mrs. Jaber opined that His Highness’ patronage reflects his efforts to boost economic development by supporting joint Gulf action, particularly in the industrial sector, for the benefit of all GCC countries.
The Magazine includes several articles such as “Real Estate Investments in GCC countries and Fluctuating Oil Prices” by Engineer Ali Abdullah Bahzad and “The 22nd Anniversary of the GCC Patent Office (GCCPO)… World-Class Level” by Mr. Ahmad Al-Sheikh Abdullah Al-Fadala.
In addition to that, this issue features a report on “Invest in Qatar 2015” jointly organised by GOIC, Qatar’s Ministry of Energy and Industry and the Economic Zones Company (Manateq) at the St. Regis Hotel, Doha on the 27th and 28th of April 2015. The Forum shed light on investment opportunities put together by GOIC for Qatar’s promising industries like pharmaceuticals, green building materials, recycling, petrochemicals and aluminium in order to promote Qatar’s competitiveness in the region and worldwide.
Moreover, the issue includes a summary of an industrial investment opportunity entitled “Purified terephthalic acid (PTA) Production”, in addition to the Magazine’s standard sections such as “GOIC News”, “Upcoming Industrial Events”, “Industrial Sector News”, “Specialised Training Workshops” offered by GOIC in 2015 under the Training and Capacity Development Program (TCD) to develop capacities of industrial labour force in GCC countries and Yemen, and other topics.
The Industrial Cooperation in the Arabian Gulf Magazine is a quarterly periodical issued by the Gulf Organization for Industrial Consulting (GOIC). It features articles about GCC industrial and economic trends and new technologies. The magazine also tackles different economic topics including brief and in-depth analyses concerning the current economic and industrial situation. Furthermore, it includes reports about the industrial sector in the Gulf and challenges to new industries in particular. In addition to that, it features summaries about relevant industrial, economic and financial topics and articles regarding the current industrial environment, industrial statistics with forecasts, industrial data and information technologies and industrial management.