GCC investors target south Europe

The Federation of the GCC Chambers of Commerce and Industry is sponsoring the March 8-10 event that will bring together officials, industrialists, bankers, businessmen and businesswomen. (AGENCIES)

Hundreds of officials and businessmen from Gulf oil exporters and Europe will meet in Bucharest in early March to discuss investment opportunities in renewable energy and other fields in the growing market in southern Europe, organizers said on Wednesday.

The participants from the six-nation Gulf Cooperation Council (GCC) will review several investment projects to be presented by delegates from Romania and other south European countries.

The Federation of the GCC Chambers of Commerce and Industry is sponsoring the March 8-10 event that will bring together officials, industrialists, bankers, businessmen and businesswomen.

The delegates will include ministers from the GCC, Romania and other European nations as well as GCC Secretary General Abdullah Al Atteya, the Dammam-based Federation said.

“After it joined the European Union, Romania became more attractive for investment…this should prompt the GCC countries to intensify efforts to explore investment opportunities in that country and other nations in southern Europe,” the Federation’s secretary general Abdul Rahim Naqi said in a statement sent to Emirates 24/7.

He said the conference in Bucharest would cover investment in south Europe as well as business opportunities in the GCC for Romanian and other European investors.

“The conference will cover such sectors as renewable energy, farming, infrastructure, banking and industry,” he said.
“GCC investors can also take advantage of the vast arable areas in Romania to set up joint agricultural projects.”

 

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