First Gulf Investment Forum to unleash new economic initiatives

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Notes and media contacts

About The Federation of GCC Chambers
The mounting feeling for the need of strengthening fraternity bonds and consolidating steps enhancing economic cooperation among countries sharing common characteristics, objectives, and destiny had led to entertaining the idea of establishing a federation comprising the Chambers of commerce, industry, and agriculture in the Arab Gulf states. Preliminary meetings in October 1976, attended by the federations and chambers of the seven Gulf Arab States, of Kingdom of Bahrain, State of Kuwait, Sultanate of Oman, State of Qatar, Kingdom of Saudi Arabia, United Arab Emirates, and the Republic of Iraq paved the way for establishing the Federation of the Chambers of Commerce, Industry and Agriculture of the Arab Gulf States (FAGCC). In October 1979, the Federation was officially launched and Dammam - Kingdom of Saudi Arabia, was named as the host city. Please visit the website of the Federation: www.fgccc.org

About The First Investment Forum in the GCC States
Studies reveal that trade; commerce and investment are likely to increase between the GCC States of the Arabian Gulf in the light of the implementation of the Customs Union that has unified them. The new economic climate in these countries, and all efforts made to increase foreign capital, have resulted in positive regulations, laws and a better understanding. The new streamlined regulations required moves that will provided for the movement of commodities and services between these countries. They will work to increase the opportunities for co-operation between the GCC States in the coming years since they were able to establish a broad institutional base that guided various economic activities, supported by an integrated system of laws, decisions and legislation.

The functioning of the economic process in a regulated way will help to a great extent to attract Arab and foreign investors who have found in each of these countries a safe refuge that provide them many encouraging and supporting features. It is in this background that the idea of organizing the 'First Investment Forum in the GCC States' under the slogan of 'Economic Aspirations for a Common Future' organized by Etisal Event Management, Dubai - UAE, in cooperation with the company Media Lines Event Management, Jeddah - Saudi Arabia, with the support of the Federation of GCC Chambers, in collaboration with Al Bayan UAE newspapers and Al Arabiya TV Channel, and with the active participation of all investment sectors in both countries, from 3-4 March 2008, was born. It is expected that the publicity which will attend the event will be one of the largest and most important Media demonstrations in the region in recent times.

About ETISAL Event Management
Etisal Event Management is a leading creative services firm that provides effective, award-winning public relations and events management services to clients seeking to carve out a niche in the competitive world of business. It specializes exclusively in corporate communications, event management, public relations, conferences and exhibitions.

Contact:

Ms. Rana 050-4218174 or
Mr. Maurice 050-7394081
ETISAL Event Management
Phone: 04 222 54 25
Fax: 04 224 06 56
Radisson SAS Plaza Hotel, Deira, Dubai