CEO of ENOC expects the demand for petroleum products to continue to increase in the GCC

Commenting on the participation of ENOC in sponsoring the Arab Strategy Forum which will be held from December 13-15 2004, Hussain Sultan said, "During the last couple of months, the region has witnessed the implementation of many plans and strategies to boost the private sector and the development in the region. This has resulted in the rapid development in diverse sectors which has contributed to the increase in demand for the petroleum products. This increased demand is expected to continue."

He added, "The governments in the region have been doing the best to provide an ideal environment for development and growth of business in the region. This is evident in the expansion of ENOC and its operations in the last couple of years which reflects the economic development of the UAE and ENOC's desire to meet the expected increased demand from petroleum products."

He added, "We at ENOC are proud to take part in the Arab Strategy Forum which is considered a unique platform for analyzing the challenges faced by the region. We are committed to supporting any step taken to ensure the development of the UAE and the region in general."

The Arab Strategy Forum will be held under the overall theme of 'The Arab World in 2020. The Forum will discuss and outline the key factors that influence the region's regimes and the trends in governance. It will also discuss political reform and development and the march towards genuine democracy and the impact of the shift towards transparency.

Eight pre-eminent local and international organisations have come forward to offer their unstinted support for this year's Arab Strategy Forum. The premiere annual event has six Organising Partners and two Media Partners. They are Emirates National Oil Company Ltd (ENOC), Abraaj Capital, PricewaterhouseCooper, DaimlerChrysler Middle East, National Bank of Dubai and Gulf News, in addition to our Media Partners Al Sharq Al Awsat and CNN. The Arab Strategy Forum will provide valuable insights, which will help in improving the status of the Arab World.