DOHA, 5 April 2007 —- The Gulf Organization for Industrial Consulting (GOIC) and FinCorp Investment Holding Co. signed yesterday a memorandum of understanding (MoU) on strategic cooperation and coordination between the two organizations. Secretary General of GOIC, Dr. Ahmed Khalil Al-Mutawa, signed on behalf of GOIC while Mohammed Hamdi Salem, chairman of the board and chief executive officer, signed on behalf of FinCorp Investment.
The memorandum of understanding covered many fields of mutual cooperation between GOIC and FinCorp, including preparation of initial studies and feasibility studies for industrial projects and provision of consultancy and necessary projects’ information. Under the MoU, GOIC will provide economic and financial consultants to cooperate with the company in preparing studies or consultancies, in addition to financing the feasibility studies and consultancies which FinCorp requests from GOIC. Other articles covered organizing the public and private introduction of the projects which GOIC plans; promoting projects’ feasibility studies prepared by GOIC; participating in arraigning training courses as well as a series of specialized symposia in banking, investment and economic fields of common interest; in addition to cooperating with GOIC in preparing the required booklets and documents to help investors and financers participate in the project. GOIC, founded in 1976, targets developing industries throughout the GCC by means of providing, both the industrial and economic sectors, with distinctive knowledge, consultancy and technical services. GOIC’s mandate is to promote the highest levels of industrial cooperation and collaboration, in both the public and private sectors, by providing a complete set of high-quality, specialized research, information and consultancy services. GOIC recently singed a group of MoUs and cooperation agreements with a number of institutions and international organizations such as First Gulf Bank, Carnegie Mellon University and ISTIA.
FinCorp, an Egyptian joint stock company, was established in Egypt in 1998 by a group of financial institutions with a paid up capital of 20 million. It works as an investment banking firm on establishing companies issuing stocks.
