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The average contribution of the industrial sector to the GCC economies stands at 10% as per a recent study revealed by the Federation of GCC Chambers of Commerce.
He said this at a meeting of delegation from Shaanxi province of China with Pakistani officials and people from industrial sector in Islamabad.
Al-Ageel reiterated that GOIC deploys "all possible efforts" to develop individual and organisational capacities in the GCC and Yemen industrial sector through training.
GOIC organises this course as part of its endeavours to build capacities of workers in the industrial sector in GCC countries.
What is perplexing about the industrial sector is that we are observing some of the strongest fundamentals we've ever seen dating back 30 years, but we are not looking at some of the strongest pricing levels we've ever seen," Thorpe said.
The Council of Saudi Chambers (CSC) and the Public Investment Fund (PIF) agreed this week to establish a joint working group to support the industrial sector.
He also said in a statement on Tuesday that the industrial sector faces a series of challenges due to internal and external factors, including the consequences of the financial crisis and the global economic situation.
He also said that price of the gas in Pakistan is not favourable for industrial sector and it will be negotiated.
However, the government should create a unified regulatory regime in setting standards for the industrial sector -- be it labour and accommodation issues or gauging environmental impact across the seven emirates -- that will help foreign investors in their decision to invest in industries in the UAE.
The Director of the Sudanese Trade Point, Amina Mohamed Ibrahim, called on the businessmen, including the industrial sector, to participate in the exhibition.
Summary: Sultan bin Saeed Al Mansouri, Minister of Economy, has stressed that the UAE is implementing an ambitious strategy to strengthen the role of the industrial sector in the economic system and increase its contribution to the GDP.
Summary: Shoring up the Lebanese industrial sector is key for restoring economic stability, said officials who celebrated the "Lebanese Industry Day" Monday.

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