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Industrial SMEs in the region are
distributed amongst all industrial
activities,especiallymetal,construction
and transportation. GCC’s new target is
to better involve the private sector while
making economic-related decisions
to enhance economic momentum and
encourage small investors to invest in
small to middle investments. At this
level of investment activities, it is fair
to state that the GCCs are currently
qualified more than before to engage in
multiple scales and fields of industrial,
real-estate and oil or gas investments.
11
Mazaya Monthly Real Estate Report -
Week 3 - JULY 2015
Al-Mazaya Holdings Weekly Real-
Estate Report refers to the long awaited
integration of the GCC industrial sector to
achieve the investment and government
strategic goals with multiple objectives.
Data from the Gulf Organization for
Industrial Consulting (GOIC) shows that
industrial SMEs amount to 4.1% of gross
GCC industries worth USD 380 billion.
Attracting Investments:
Al-Mazaya Report stresses the region
is capable of attracting foreign
investment to the industrial sector as
governments show strong efforts to
improve the industrial environment
within the sector, designing crystal
clear development plans resting
on key elements to attract foreign
investment . Farsighted strategies are
also formulated in these countries to
cause the required rise in the industrial
sector along with the update of relevant
regulationstakingplacetooffer facilities
and motives for foreign investment,
which in total constitutes the promising
investment
environment
sought.
Upgrading the competitiveness of the
industrial sector by bringing in quality
investments regardless of the economic
circumstances should be the core of the
region’s overall plans and directions.
The Report further highlights the GCCs
need to improve the basic investment
environment if they are to overcome
the challenges facing local and foreign
investments. For this end to be fulfilled,
plans and strategies need to be directed
towards serving development purposes
and maximising investments in all
industrial areas. Finance mechanisms,
free and industrial zone systems and
infrastructure all need to be amended
being the basic investment desirable
elements, whether currently or in future.