Complex Made Simple

GOIC attends ‘Invest in Bahrain’ Forum

The Gulf Organization for Industrial Consulting (GOIC) attended ‘Invest in Bahrain 2013’ Forum and Exhibition at the Bahrain International Exhibition and Convention Centre. It was inaugurated on Wednesday under the high patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister of Bahrain. Several Gulf chambers of commerce and major regional companies have also attended this forum aiming at drawing investments and boosting development in the Kingdom of Bahrain.

GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel delivered a speech in which he said, “GOIC has always been keen to support industrial development projects in member states by developing databases for GCC countries, carrying out studies on industrial sectors, suggesting investment opportunities in target sectors and providing technical consulting services to public and private sectors.”

Regarding the study carried out by the Organisation on the Kingdom, Al-Ageel stated, “The Organization has completed several studies on Bahrain throughout the last two years. In details, the 2012 Bahrain work plan put together by GOIC included: a study of the plastics and fiberglass sector which analysed the current situation and determined investment opportunities within the sector, four dossiers about investment opportunities in various sectors that were presented during last year’s forum and the Bahrain Subcontracting and Partnership Exchange Centre that was inaugurated in September 2012 in collaboration with the Ministry.”

Al-Ageel further detailed joint ventures accomplished by the Organisation in GCC countries such as: the GCC industrial energy efficiency guidebook, the 2012 annual diagnosis report on the current situation and future trends of knowledge-based industries in GCC countries and the technical cooperation programme with the UNIDO. In this regard, the Organisation was tasked to oversee the preparation of a comprehensive regional programme with the UNIDO. The first part  of the programme – training GCC national cadres through competitiveness, environment and industrial workshops in addition to the Montreal Protocol – was implemented in 2012. The remaining part of the programme – preparing performance reports about industrial competitiveness of GCC countries according to the UNIDO methodology – is being completed in 2013.

Moreover, the Secretary General mentioned, “The most important joint projects between GCC countries, notably the GCC industrial map launched in Doha in 2012. In fact, the map has helped diagnosing the industrial situation in these countries and putting together 52 industrial reports in addition to the main report. Moreover, the industrial map’s results have shed light upon missing industries and target industrial sectors in GCC countries. Based on these very results, GOIC suggested and promoted several industrial opportunities throughout GCC countries in coordination with chambers of industry and commerce and ministries of industry and trade.” Al-Ageel considered that the forum was ‘a valuable occasion to present the industrial opportunities compiled by the Organization specifically for the Kingdom of Bahrain’.

In addition, GOIC Expert Engineer Mubarak Al-Kuwari delivered a presentation about four investment opportunities: the Glass Reinforced Epoxy (GRE) piping system used to transfer chemicals for it is anticorrosive, the Glass Fibre Reinforced Concrete (GFRC) mixers used in interior and exterior design, the Cross-Linked Polyethylene (PEX) piping system used to install hot and cold water networks and the Expanded Polystyrene (EPS) insulating panels. Al-Kuwari clarified that the total cost of these projects ranged between two and five million US dollars.

“Invest in Bahrain 2013” is the eighth economic forum in a series of investment gatherings organised by the Ministry of Industry and Trade in Bahrain since 2003. It is an important promotion mechanism that helps the Ministry attract investments to the Kingdom and shed light upon its competitiveness and production capacities. The forum presented investment opportunities in various sectors and detailed services provided by the Government of Bahrain to facilitate the process of investing in the Kingdom.