Business in Brief [Archives:2008/1125/Business & Economy]
– Fisheries Ministry to Develop an Aquaculture strategy
Sources at the Ministry of Fisheries and Marine Wealth stated that the ministry is working on developing an aquaculture strategy based on fish farming. The strategy will focus on high-yield fisheries production such as shrimp and lobster, and will expand to other types of fisheries across the country.
– GIA: 360 new projects to generate 13,143 jobs
The General Investment Authority has stated in a report that the year 2007 witnessed the registration of 360 new investments in Yemen, which, once operational, will provide 13,143 jobs. The report also stated that the total costs of the investments is 277.3 billion Riyals.
– UK businessmen delegation to visit Yemen in March
Scheduled in upcoming March, a British businessmen delegation will visit Yemen in order to learn more about the possible investment and business opportunities in Yemen. The visit is organized by the Middle East organization for promoting British-Arab trade.
– Mujawar: Internal Audit and Control is needed
Prime Minister Mujawar has recently stated that government institutions and agencies shall develop their internal audit and control mechanism in order to limit bureaucracy and combat corruption. He also added that the government needs to adopt a management-by-objective strategy in order to improve efficiency.
– Saudi Arabia funds construction of vocational training institutes
The kingdom of Saudi Arabia is funding the construction and equipping of 18 vocational and technical training institutes throughout the country, with a total cost of US$ 50 million. This support comes as a part of a bilateral assistance agreement between the kingdom and Yemen signed in 2002.
– Agricultural exports exceed 8.6 billion Riyals during 2007
An official source at the Ministry of Agriculture and Irrigation stated that agricultural exports through the Haradh border point between Yemen and Saudi Arabia has exceeded 8.6 billion Riyals, adding that total volume of exports has exceeded 182,855 thousand tones, consisting mainly of fruits and vegetables.
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