Categorized | Corporate & Business

GOIC hosts the GCC non-oil exporting strategy workshop

448The Gulf Organization for Industrial Consulting (GOIC) hosted the “GCC non-oil exporting strategy” workshop in cooperation with the GCC Secretariat-General and with representatives from different GCC countries and the Secretariat-General and international experts on the 1st and 2nd of June, 2014.

The sessions were chaired by Dr. Hilal Al-Mukhaini, Director of the Secretariat-General Commerce and Industry Department. A number of sessions were attended by GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel, Mr. Mohammed Bin Khamis Al-Mukhaini, Assistant Secretary General for Industrial Information and Studies and several representatives from the Secretariat-General and the Organization.

GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel gave the welcome speech in which he greeted participants and explained that the workshop will tackle topics related to the first phase of the non-oil exporting strategy in GCC countries and to the second phase aiming at developing and determining strategic objectives and benchmarking.

Furthermore, activities were kick-started with a presentation delivered by Dr. Anwar Al-Quraan, Director of Industrial Studies and Policies Department at GOIC. Dr. Al-Quraan highlighted the main objectives of the strategy: helping GCC countries in achieving economic diversification, expanding citizens’ income source and wealth pool and guiding GCC countries to increase non-oil exports in the medium term (five years) and long term (fifteen years).

Moreover, Dr. Al-Quraan talked in details about the strategy execution phases and goals that were accomplished and modified. He explained that the first phase focused on assessing the current non-oil exports situation in GCC countries; it has been accomplished and requested modifications were implemented. As to the second phase, it includes identifying strategic objectives and benchmarking. The third phase is about putting together the document of the strategy and the general framework of the executive plan. The execution requirements are to be accomplished right after the completion of phase II.

In addition, GOIC experts delivered a detailed presentation about the achievements of the first phase and an assessment of the non-oil export diversification endeavours in GCC countries. On the second day, participants discussed strategic objectives and benchmarking.

The examination of the strategy focuses on non-oil exports, notably industrial exports including knowledge-based and vital industries. It has been prepared by GOIC experts in cooperation with an external research team led by Dr. Jamal Daoud Salman. The workshop was also attended by experts specialised in WTO topics and ESCWA representatives.

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