GOIC Presents Opportunities at Industrial Investment Forum in AlQassim

10/30/2014 9:55:35 AM

(MENAFN- Qatar News Agency) Doha October 22 (QNA) - The Gulf Organization for Industrial Consulting (GOIC) took part in an industrial investment forum in Al-Qassim under the theme of "Towards clean industries" during which the organization presented a number of industrial investment opportunities in the area of food agricultural and pharmaceutical industries.

"GOIC co-organized this forum as part of its efforts to support industrial development projects in member states develop GCC databases prepare several studies on industrial sectors suggest investment opportunities for targeted industrial sectors and offer technical consulting services to the public and private sectors" GOIC Secretary General Abdulaziz bin Hamad Al-Ageel said adding: "

During this forum GOIC has presented investment opportunities valued at almost 813 million riyals in the areas of pharmaceuticals food and agriculture. These opportunities would provide employment for nearly 561 workers." "According to the analytical studies carried out by GOIC there are several promising opportunities in Al-Qassim capable of boosting the region's economic performance. These opportunities are based on the region's abundant natural resources and agricultural crops and its geographic location close to KSA and neighboring countries' markets. Thus there is a big potential to expand pharmaceutical and food industries in addition to setting up further recycling industries that serve the local community and protect the environment" said Al-Ageel.

GOIC Secretary General explained that GOIC has presented a working paper about the current status of industries in Saudi Arabia with emphasis on Al-Qassim region in addition to the development and trends leading to industrial sectors' progress. The paper included an analysis of Al-Qassim's industrial facilities and their distribution according to industrial sectors and foreign investments. It also tackled the competitive advantage of the region's industries and the challenges and difficulties that foreign investors are facing in that particular region.

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