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Monday, November 9 - 2009

First Gulf Investment Forum to be held March 3 and 4

  • United Arab Emirates: Sunday, March 02 - 2008 at 08:55
  • PRESS RELEASE

The First Gulf Investment Forum (FGIF) starts tomorrow in Dubai, under the patronage of His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry.

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  • Mr. Jomaa Al Falasi, President of Al Falasi for Real Estate Development.
    Mr. Jomaa Al Falasi, President of Al Falasi for Real Estate Development.
It will be attended by more than 300 industry specialists from the Gulf and Arab World with the participation of 30 speakers, including decision makers and experts in economics and investment.

FGIF, which is organized by Etisal Event Managment in cooperation with FGCCC, will be held at the Al Bustan Rotana Hotel in the honored presence of His Highness Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Higher Education and Scientific Research. In the first session at the forum's launching, His Excellency Dr. Salim El Hoss, Former Prime Minister of Lebanon, His Excellency Adnan Al Kassar, President of the Federation of Arab Commercial, Industrial and Agricultural Chambers, Mr. Abdul Rahim Al Naqi, Secretary General of FGCCC and other distinguished persons, will be present.

Mr. Abdul Rahim Al Naqi declared that FGIF will discuss for two days the different investment activities, laws and systems being applied, in addition to the new measures announced in the GCC at the Gulf Common Market, announced at the beginning of 2008.

FGIF will be the first comprehensive forum to be held after the Gulf Common Market announcement and many recommendations and suggestions will be launched to refine the goals of both the general and private sectors in the Gulf, Al Naqi added.

Dr. Salah Al Bakheet, Deputy Secretary General of Supreme Commission of Tourism (SCT), Saudi Arabia, said that SCT participation in the forum is the result of its belief in the importance of liaison between GCC States and investors to reach an agreement regarding the commonality of work according to the new economic environment in the region, particularly tourism investments and its application in the GCC States.

Mr. Jomaa Al Falasi, President of the Al Falasi for Real Estate Development, said the participation of eminent personalities in the FGIF opens the way for serious and practical discussion regarding the future of investment in the Gulf. Mr. Al Falasi will launch his first real estate project at the First Gulf Investment Forum.

Mrs. Nada Jaber, Managing Director, Etisal Event Management, the event organizer, said that all the preparations for welcoming the participants and the speakers have been completed in a befitting way. She expected that the FGIF would come out with important recommendations and decisions.

She praised the role of the media sponsors, the Arab Media Group (AMG), for supporting FGIF and participating in a session on "Investment in Media" which will consider the future of journalism in the region.

During the forum, initiatives and economic steps will be launched, prominent being the initiative of the Al Falasi Group for Real Estate Development. The location and time of the Second Gulf Investment Forum will also be announced during FGIF.
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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: http://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. Please visit the Forum's official website at:
http://www.gulfinvestmentforum.com

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. For more information, please visit our website at: http://www.etisal.ae

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

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