The Federation of the GCC Chambers of commerce and industry will organize in cooperation with the German-Arab chamber of commerce and industry and ministry of economic affairs in Baden Wurttemberg, the first Gulf-German economic forum in Stuttgart on October 26, 2010. The participants of the two-day forum will review aspects of cooperation between the Gulf businessmen and their German counterparts. Secretary general of the federation of the GCC chambers of commerce and industry Abdel-Rahim Naki said the organization of the forum comes in line with the cooperation agreement signed with the German-Arab chamber of commerce and industry in June 2008 for developing cooperation between the two sides. He urged the businessmen and businesswomen of the Gulf Cooperation Council (GCC) states and other concerned parties to participate in the forum. On the fringes of the forum, a trade exhibition will be organized with the participation of a number of companies and establishments. It is worth mentioning that the German-Gulf trade jumped in 2008 to about $20 billion, and the GCC member states constitute the most important trading partners of Germany in the middle east region.
