• What is IRC?
  
• What services does IRC offer in Project Management?
  
• What services does IRC provide in Equipment?
  
• Does IRC assist in Recruitment?
  
• Does IRC promote the Marketing of Products?
  
• What are the available Finance Sources?
  
• Are these Finance Sources interest-based or interest-free?
  
• As an Investor, do I have to invest in part of the capital, or does the Finance Source cover it completely?
  
• Are there any Bank Guarantees for Financing?
  
• What is the project deemed best by IRC?
  
• What are the criteria of a Successful Project?
  
• What are the phases of IRC's work with investors?
  
• How to get the consultation services of IRC?
  
• Who is the contact person for any queries on projects or IRC activities?
  
• Can Finance Houses/companies and Industrial Companies establish an Interactive Link with IRC?
  

What is IRC?

Ideal for Research and Consultancy (IRC) is a private establishment based in the United Arab Emirates that offers services in Industrial and Commercial Consultations and Business Development in most Middle Eastern countries.

What services does IRC offer in Project Management?

The services IRC offers are basically administrative, to guide and assist management, if required, in making strategic decisions or in the commissioning stage, according to a signed agreement.

What services does IRC provide in Equipment?

IRC researches to find the best available and appropriate technologies for a given project. IRC also obtains offers and quotations from various suppliers and plants; utilizing its expertise and the extensive relations it enjoys with reputable machinery suppliers in various countries. IRC aims to give the Investor the opportunity to make requisite decisions and to provide him with the consultant’s opinion on some intricate details and on the proper time to start contractual negotiations with suppliers for the purchase and installation of equipment.

Does IRC assist in Recruitment?

Upon the Investor’s request, IRC will assist in selecting qualified personnel for project management and will also provide advice on the experience required for each job.

Does IRC promote the Marketing of Products?

IRC does not carry out execution activities such as product marketing, but may prepare marketing plans, formulate strategies and policies, and guide the investor into the actual/potential and local/international markets for the product.

What are the available Finance Sources?

There are different finance sources for industrial projects. They can be either governmental or private sources. (For details please refer to investment sources).

Are these Finance Sources interest-based or interest-free?

Not all finance sources adopt the interest system.

As an Investor, do I have to invest in part of the capital, or does the Finance Source cover it completely?

The investor has to employ a part of the capital in the project.

Are there any Bank Guarantees for Financing?

There should be guarantees, and each financing body has certain guarantee requirements.

What is the project deemed best by IRC?

The answer to this question is dependent on different factors, mainly market research, volume of investment, availability of raw materials, export potentials, product specifications, and conformity with environment protection standards.

What are the criteria of a Successful Project?

A successful project can be summarized in the following :

• The ability to market products that can cover about one third of the deficiency of local demand.
• Wide export horizons and competitors for the project products.
• To ensure that project production costs are low when established in a certain geographic area in comparison to similar existing projects.
• The compliance of the proposed project with local, national, or international standards.
• The project should not harm the Environment.

What are the phases of IRC's work with investors?

Refer to Investing Process.

How to get the consultation services of IRC?

The Investor should send a fax to IRC explaining the proposed project for investment, or his interest in investment, with the following details included :

• Investment sum
• Type of project
• Location of project
• Production capacity

IRC will then study the proposal, and upon approval, will set up an appointment with the Investor. The first appointment is usually free of charge, all follow-up appointments will be charged at the rate of Dhs. 500 per each consultation hour.

Who is the contact person for any queries on projects or IRC activities?

For any queries, please contact : Mr. Laith Hassan Al Shamkhi

Can Finance Houses/companies and Industrial Companies establish an Interactive Link with IRC?

Yes, an interactive link with IRC can be established under an agreement.