Arab Industrial Investments Company
About the company
Based on the concept of economic integration between Arab countries, the Council of Arab Economic Unity approved the establishment of a joint stock company called (Arab Industrial Investments Company) on 11/22/1978, with an authorized capital of (484) million dollars. Iraq was chosen as the location of this company, and the capital consists of contributions from nine Arab countries (Iraq, Saudi Arabia, Kuwait, Qatar, Libya, Jordan, Yemen, Tunisia, and Morocco). The company is managed by a board of directors consisting of six members from the main contributing countries. The company, with the approval of the concerned governments, establishes, creates, and owns industrial projects and companies in Arab countries or contributes to them. The company also conducts economic and technical feasibility studies for projects that it deems necessary to establish or contribute to in various Arab countries. The company currently has significant contributions to a number of industrial projects in some sister Arab countries.
Arab Industrial Investments Company
Goals
Based on the concept of brotherhood and fateful cohesion between the Arab countries and to achieve the principle of economic integration and industrial coordination among them, the Council of Arab Economic Unity approved the establishment of a joint stock company called (Arab Industrial Investments Company). The company was established on 11/22/1978 with an authorized capital of (150) one hundred and fifty million Iraqi dinars convertible into convertible currencies based on their gold content on the date of issuance of the decision of the Council of Arab Economic Unity to establish the company.