The Kinos Group and Gulf Cooperation Council

August 30, 2010 at 5:41 pm Leave a comment

The Kinos Group is collaborating in the project entitled “The Market Development Plan. Planning 2009-2011. The Gulf Countries”. The document is issued by the Ministry of Industry, Commerce and Tourism in collaboration with The Spanish Confederation of Business Organizations. It comprises strategies and actions necessary for the promotion of economic relations between Spain and the Gulf Countries (Bahrain, Saudi Arabia, Oman, Kuwait, Qatar and the United Arab¬†Emirates).

Also, The Kinos Group is collaborating in another agreement signed between the Costa del Sol Tourist Board, the Malaga City Council, the Marbella City Council and the Gulf Cooperation Council for the development of tourism and investments in Spain and in the countries pertaining to the Gulf Cooperation Council.

The Gulf Cooperation Council is a regional organization of six countries, Bahrain, Saudi Arabia, Oman, Kuwait, Qatar and The United Arab Emirates. It was created on the 25th of May 1981. The main resource of these countries is oil, but the organization has several other social and economic objectives, some of which are:

– formulating similar regulations in various fields such as economy, finance, trade, customs, tourism, legislation, and administration;

– fostering scientific and technical progress in industry, mining, agriculture, water and animal resources;

– establishing scientific research centers;

– setting up joint ventures;

– unified military presence

– encouraging cooperation of the private sector;

– strengthening ties between their peoples.

The countries have decided to build a monetary union by the end of 2010.

Not all Persian Gulf countries are members of the GCC. Iran and Irak are currently excluded from the Council.

The initiatives of the Kinos Group, together with the other participants, are designed to negotiate investment oportunities in the Gulf countries and to attract capital for projects and other investments in Spain.


Entry filed under: Everyday things, Kinos, News, Real estate, Tips. Tags: , , , , , , , , , , , , .

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