First conference on investment, human development in Yemen [Archives:2006/946/Local News]

By: Saddam Al-Ishmouri
SANA'A, May 10 ) In a press conference, many companies and economic foundations in Yemen announced Tuesday the first Conference on Investment and Human Development due to take place on May 28-29.

Chairman of Jubari Company for Investment and coordinator of the event, Ali Al-Jubari, said the Investment and Human Development Conference aims to achieve a remarkable move in Yemeni private sector and open new horizons for Arab capitals to be invested in various projects.

Al-Jubari added the conference will help draw an investment map based on database containing requirements and statements of investment and overcome any difficulties facing such a vital sector. He indicated the conference would make use of decisions and recommendations reached by Sana'a Declaration.

Economic Expert Abdulaziz Al-Tarb, deputy head of the conference supervisory committee stated: “the conference will be the actual inauguration of investment in Yemen, as well as an approach to qualify Yemen to join Gulf Cooperation Council (GCC).”

“The conference will be the beginning of an investment action based on well-established companies having scientific structures and obvious goals to provide guarantees to businessmen and overcome any barriers posed to the investment process,” Al-Tarb added.

He indicated the conference would contribute to facilitating investment procedures and make available guarantees for investors away from any bureaucratic considerations. It would achieve a joint remarkable leap to serve the society.

The conference will be staged in the presence of numerous trade companies, associations and unions in addition to ministries concerned with investment in Yemen.
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