Kuwait-Mubasher: GCC countries are drawing attention to industrial investments, mainly in petrochemical industries, Kuwait News Agency (KUNA) quoted Commerce and Industry Minister Yousef Al-Ali as saying.
The share of GCC’s direct foreign investments increased to $29.5 billion in 2014 from $27 billion in 2013, said Al-Ali in a speech at the GCC's 15th industrialists' conference held under the patronage of Amir Sheikh Sabah Al-Jaber Al-Sabah on Wednesday.
Al-Ali highlighted the importance of focusing on foreign investments in the Gulf to fulfill development, and to face the economic challenges.
He added that the GCC have to exert further effort to widen the industrial sector.
“GCC states are working on providing more facilities and establish new legislations to encourage foreign investors,” according to KUNA.
