ABLCC is completed by employing Monte Carlo methods, which are used to model liability and contingent costs and "costs that arise due to noncompliance and potential future liabilities.
And there are several case studies that provide practical examples of how ABLCC and Monte Carlo methods can predict future risks and manage costs.
Established in 1978, the Brussels-based ABLCC
plays role of a bridge between Belgium, Luxembourg and the Arab countries.
Hijazin told KUNA that Kuwait is to spend KDR 35 billion or USD 110 billion for the ten-year development plan and for social development in education and health and that the ABLCC
is organizing a trade visit to Kuwait and Qatar in November.
On her part, Kuwait's Ambassador and Dean of the Arab Diplomatic Corps in Belgium, Nabeela Al Mulla, said 35 years of ABLCC
calls for celebration despite the challenges that Arab world and the EU are facing.
Qaisar Hijazin, Secretary General of the ABLCC
said the Forum has become an annual event to contribute to the enhancement of economic relations between Belgium, Luxembourg and Arab countries.
Johan Beerlandt, Chairman of the ABLCC
, said the Arab countries have become
Chairman of ABLCC
, Johan Beerlandt, in his welcome speech noted that EU-GCC