JOINT PROJECTS. For the purpose of enhancing ties between Member States in the productive sectors, utilizing economies of scale, achieving economic integration, and improving the distribution of integration benefits among them, Member States shall undertake the measures necessary to support, finance, and form joint projects, both private and public, including the following: 1. Adopt integrated economic policies between the Member States for infrastructure projects and basic services such as transport; communications; electricity; information technology; health, education, and tourism projects; and oil and gas industry. 2. Establish joint projects based on comparative advantages of Member States. 3. Provide additional incentives for the private sector to form joint projects that interlink the economic interests of GCC citizens. 4. Eliminate all procedural obstacles encountering joint projects and according them, at a minimum, the same treatment given to similar national projects.
Appears in 4 contracts
Samples: Economic Agreement, Economic Agreement, Economic Agreement
