2,725 factories in the Gulf, says GOIC report

February 20, 2013 - 12:42:02 am

Doha: The Gulf Organisation for Industrial Consulting (GOIC) has released the 103rd volume of its Industrial Cooperation in the Arabian Gulf Journal. The edition shed light on the industrial subcontracting and partnership programme in the GCC countries, which GOIC is implementing in collaboration with the United Nations Industrial Development Organisation. The journal dedicated an extensive dossier for the Gulf International Forum and Exhibition for Industrial Subcontracting and Partnership “Gulf Subcon”, which GOIC will organise in Saudi Arabia next month.

The journal featured a new report reveals that the chemical and petrochemical industries sector in the GCC countries is one of the most important industrial manufacturing activities, which represents about 60.4 percent of the total funds invested in the manufacturing industries.

The report indicates that the number of factories in the GCC rose from 2,399 in 2007 to 2,725 in 2011, a growth rate of 3.2 percent. The investments for the same period rose from $73,911m to $195,454m, while the number of employees for this period rose from 183,650 workers to reach up to 256,254 workers. 

The edition also pointed out that the GCC countries must review their actual need of the foreign employment, stop recruitment in many professions and jobs, provide guidance to young men and women to determine the function and disciplines since the early stages of study, encourage small and medium enterprises, encourage handicrafts and professions, and create new jobs. QNA