Paying attention to project feasibility studies, evaluating its tracks and tracing risks are indispensable in the success of the project. Dr. Lulwa Bint Abdullah Al-Misnad, assistant secretary general for Industrial Promotion and Investment in the Gulf Organization for Industrial Consulting (GOIC), said last Saturday in a training course on Project Appraisal and Risk Management conducted by the company. “The importance of the course theme comes in light of the increasing high investment costs coupled with the fears of risks that surround them due to political and economic conditions in the region, in addition to the impact of global economic developments such as the mortgage crisis in America,” she waas quoted saying in a statement. She said industrial projects in the GCC region reached 11,577, with an investment of $127 billion, adding that interest in project appraisal and risk management is the “essence of scientific methodology of any investment program, which constitutes a crucial stage of projects, and based on it is the decision to start, stop or amend.” She noted that GCC countries are paying more attention in the field of research and studies, rehabilitation of workers in the economic sectors and weigh alternatives that can be used to maintain the projects. The training course was launched in GOIC premises in cooperation with the Center for International Development at Duke University and participated in by 32 trainees, representing a number of government agencies and private sector companies. The course ends Thursday. The course focused on finance, property and taxes, and the possibility of their inclusion under appraisal and evaluation. __
