The Gulf Organisation for Industrial Consulting (Goic) has announced that Kuwait Petroleum Corporation (KPC) and its subsidiary companies are Diamond Sponsors for “15th Industrialists’ Conference” slated on November 25 and 26 in Kuwait.
KPC CEO Nizar al-Adsani said their sponsorship of the event reflects KPC’s keenness to contribute activities that promote the industrial sector and economic development in the GCC region.
Goic secretary-general Abdulaziz bin Hamad al-Ageel said: “Over the years, KPC has been able to prove its position at the global level and accomplish several remarkable achievements that have positively impacted the industrial sector in Kuwait and the Gulf.”
With the theme “Foreign Direct Investment in GCC and its Impact on Industry,” the event is organised by Kuwait’s Ministry of Commerce and Industry, the Public Authority for Industry (PAI), and 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, and in co-ordination with the Secretariat-General of the Gulf Co-operation Council and the Federation of GCC Chambers (FGCCC).
KPC is fully-owned by the State of Kuwait and managed on a commercial basis. It is one of the “most important oil and gas companies in the world.” Its activities include discovering new reservoirs, producing, refining, marketing and manufacturing petrochemical products, and transport.
Its mission is to manage and operate these integrated activities worldwide through “efficient and effective means,” maximise the value and financial benefits of stakeholders, and optimise the use of Kuwait’s hydrocarbon resources.
KPC also plays a key role in supporting and stimulating the local economy, developing national labour force, preserving experienced commercial and technical cadre, and managing issues related to health, safety and environment.
According to Goic, the 15th Industrialists’ Conference aims to identify clear policies to stimulate development plans in the GCC countries based on a comprehensive set of elements to attract 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, Goic said.
“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,” Goic added.
Business / Business
KPC and subsidiary companies are ‘Diamond Sponsors’ of 15th Industrialists’ Conference
Al-Ageel: Remarkable achievements.
