The Gulf Organization for Industrial Consulting (GOIC) announced that Qatar Industrial Manufacturing Company (QIMC) has joined the list of sponsors of the 15th Industrialists’ Conference themed ''FDI in GCC and its impact on industry." Kuwait is hosting the conference on Nov. 25 and 26.

The conference is held with the support of Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, emir of Kuwait and is organized by the state’s commerce and industry ministry, 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 being held in coordination with the Secretariat-General of the Gulf Cooperation Council, and the Federation of GCC Chambers (FGCCC).

Abdulrahman Al-Ansari, CEO of QIMC said this sponsorship was the result of the continuous cooperation between GOIC and QIMC that followed the signing of a memorandum of understanding between the two entities.

Al-Ansari explained that QIMC was keen on taking part in the Industrialists’ Conference in light of its key role in elaborating development strategies in GCC countries to stimulate the industrial sector.

GOIC Secretary General Abdulaziz bin Hamad Al-Ageel praised QIMC for its decision to sponsor the conference and underlined the importance of the continuous cooperation between GOIC and QIMC, which highly contributes to boosting the GCC's industrial sector. Al-Ageel valued QIMC’s critical role at the national and regional levels.

Qatar Industrial Manufacturing Company (QIMC) was the result of Qatar’s efforts aiming at engaging the private sector in the state's economic development process. This approach was based on investments in SMEs and was highlighted through the establishment of QIMC in 1990.

The conference aims to identify clear policies to stimulate development plans in the GCC.