PEIE officials visit Kuwait Union of Consumer Cooperative Societies

3/22/2018 9:00:28 AM

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A delegation representing the Public Establishment for Industrial Estates (PEIE) visited yesterday (Tuesday) Kuwait Union of Consumer Cooperative Societies to get acquainted with their leading experience in consumer cooperative societies at the regional level, explore potential mutual cooperation, and discuss mechanisms of entering Omani products to Kuwait’s consumer cooperative societies.

The officials were received by Ali bin Hashem Al Kandari, Chairman of Kuwait Union of Consumer Cooperative Societies, who briefed PEIE delegates on the union and its objectives. Al Kandari stated that the legal basis for consumer cooperatives was established in 1962 with the issuance of law no. 20. “The first official consumer cooperative society was established in 1962 in Kaifan, followed by the establishment of other consumer cooperative societies. Today, there are more than 40 cooperative societies in Kuwait,” Al Kandari said, adding: “The Union of Consumer Cooperative Societies was established in 1971, aimed at carrying out studies and research in related fields, providing advice and technical expertise to its member societies, exploring possible ways and means to solve problems that may exist in any member societies at the request of the concerned society, resolving any disputes that may arise between the member societies at the request of the dispute parties and therefore the decision of union is binding, in addition to organising training courses for the societies’ workforce, among other objectives.”

On his part, Omar bin Mohamed Muqaibal, Director General of Marketing and Media at PEIE, briefed the union’s officials on the industrial march in the Sultanate, which began with the establishment of Rusayl Industrial Estate in 1983. “The success story of Rusayl Industrial Estate stimulated the establishment of the Public Establishment for Industrial Estates in 1993. Today, PEIE owns and manages industrial estates in Rusayl, Raysut, Suhar, Nizwa, Buraimi, Sur, and Sumail, in addition to Al Mazunah Free Zone and Knowledge Oasis Muscat,” Muqaibal elaborated.

He explained the vision of PEIE, which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.

Hamood Al Balushi, Director of Omani Products’ Department at PEIE, emphasised on the importance of this visit to get acquainted with the efforts undertaken by the union as well as introduce the union’s officials with the Omani products and explore the mechanism of exporting these products to Kuwait’s consumer cooperative societies. Al Balushi briefed the union’s officials on Origin Oman Campaign, which is designed to encourage consumers and organisations to buy Oman made goods and services, promote national pride in the manufacturing industry and highlight the economic significance of choosing and buying locally manufactured products and services.

It should be noted that a field visit was organised to Al Rawda Cooperative Society in Hawally, where PEIE officials learned the overall experience of the cooperative societies and their impact on the local economy in Kuwait.

  

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