GOIC, Abha Chamber of Commerce and Industry Sign MoU

Doha, March 17 (QNA) - Gulf Organization for Industrial Consulting (GOIC) has signed a three-year memorandum of understanding (MoU) with Abha Chamber of Commerce and Industry to support and boost industrial investments in Asir Region in Saudi Arabia. The MoU was signed in Doha by GOIC Secretary General Abdulaziz bin Hamad Al-Ageel and Abha Chamber of Commerce and Industry Vice Chairman Khalid bin Saeed Al-Qahtani on behalf of Chairman Abdullah bin Saeed Al-Mubti. The chamber's delegation and the secretary general discussed mechanisms of cooperation between the two entities to promote the industrial sector in Asir region and the consulting services that GOIC can offer in this area. Al-Ageel stressed GOIC's keenness on promoting the industrial sector in GCC countries by supporting industrial development projects, developing databases, preparing several industrial studies, introducing industrial investment opportunities in targeted industrial sectors and offering technical consulting services to public and private sectors. He added that there are several promising opportunities in Asir region to promote economic performance, particularly in the areas of pharmaceuticals and transportation, based on the region's abundant resources. The MoU aims at enhancing cooperation and coordination between GOIC and the chamber in areas of common interest such as preparing technical economic feasibility studies for the chamber's projects and participating in the chamber's surveys aiming at supporting economies of all provinces within Asir region. According to the MoU, GOIC will prepare studies on the industrial investment opportunities in Asir region, help connecting with international companies capable of conveying technical expertise for projects of common interest and assist in the promotion aiming at attracting Gulf and foreign investors to contribute in these projects. Both parties agreed that the chamber is to participate in the industrial, commercial, social, legal and potential suppliers and business partners databases. Furthermore, GOIC experts will provide training portfolios in Asir region and specialized shared events will be jointly organized by both parties. GOIC is a regional organization that brings together the UAE, Bahrain, Saudi Arabia, Oman, Qatar, Kuwait and Yemen. Based in Doha, GOIC is an advisory knowledge-based institution aiming at developing regional industries by providing data, information, specialized researches, consultations and technical services for the public and private sectors in GCC countries. (QNA)