As part of the efforts of the Gulf Industrial Consulting Organization to support the goals of the industrial sector and export growth strategies in the member countries of the Gulf Cooperation Council, a joint meeting was held between the organization and the Public Authority for Industry of Kuwait at the Gulf Industrial Consulting Organization headquarters on March 20th and 21st, 2023, to discuss the draft "feasibility study for establishing Kuwaiti industrial exports development fund".
The meeting was attended by the organization's team, consisting of the Director of Industrial Studies and Policies, Engineer Abdullah Al-Attar, the Head of the Industrial Studies and Policies Department at the agency, Engineer Mohammed Al-Breiki, Industrial Studies Expert Dr. Laila Thiyab, and Statistician and Professor Dana Al-Sharshani.
From the Public Authority for Industry in Kuwait, the Deputy Director-General for Industrial Exports Development, Dr. Sond Al-Ajmi, the Director of Export Development Department, Engineer Fahd Al-Mutairi, the Head of International Cooperation and External Relations Department, Engineer Saad Zayed Al-Sharar, and the organization's expert at the Authority, Dr. Radhi bin Salama, as well as the external resident for the study, Dr. Hazem Sabri, participated in the meeting.
The aim of the meeting was to discuss the agreed draft study between the organization and the Public Authority, in order to enhance the development of non-oil manufacturing exports in Kuwait by providing financial assistance and incentives to exporting establishments, stimulating the potential and capabilities of non-exporting industrial facilities, expanding the production base directed towards foreign markets, increasing the presence of Kuwaiti products in them, and enhancing their competitiveness.
At the end of the meeting, the attendees agreed on the importance of "establishing the Kuwaiti Industrial Exports Development Fund" and committing to the study's outlined goals, taking practical initiatives and recommendations to facilitate the fund's establishment and enhance the ability of Kuwaiti products to compete in foreign markets.