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GIC was the first financial institution established under the auspices of the Gulf Cooperation Council (GCC) through an agreement signed between the constituent nation states (Bahrain, Kuwait, Qatar, Oman, Saudi Arabia & United Arab Emirates) in November 1982.

From inception, GIC has been the premier Development Investor for the GCC Region. GIC’s Principal Investments activity in particular has made significant contributions to the GCC economies through development of major power and industrial project initiatives and, during its approximately thirty years history, has led or participated in initiatives with a total project value in the tens of billions of dollars, generating employment for thousands of people in the region.

GIC has also been an innovator through its development of GCC financial markets, including the introduction of the first GCC stock and bond mutual funds.