The Gulf Organization for Industrial Consulting (GOIC) was founded in 1976 by the Gulf Cooperation Council (GCC) member states: The United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait, and in 2009, Yemen joined the Organization.

Article I of the Establishment Agreement states that GOIC is a regional organization known as The Gulf Organization for Industrial Consulting hereinafter referred to as The Organization and enjoys an international legal personality.

According to Article III of the Establishment Agreement, the Organization was founded to achieve industrial cooperation and coordination between member states. In order to do so, it collects and disseminates information about industrial development projects and policies. GOIC also offers specific suggestions aiming at establishing joint industrial projects between member states and delivers recommendations to reconcile industrial development projects. It coordinates and develops technical and economic cooperation between existing industrial institutions and others that are yet to be established. In addition to that, GOIC offers technical assistance in preparing and assessing industrial projects and puts together industrial sector-related data and studies.

GOIC organizational chart includes the Board and the General Secretariat. The Board is formed by member state representatives appointed by their governments.