Business In Brief [Archives:2006/939/Business & Economy]

April 20 2006

Yemen will participate in the fifth session of the Chinese exported consumer goods exhibition in China June 8-12. Yemeni activities will be represented by a number of Yemeni businessmen and trade establishments.

Yemen's participation comes in response to an invitation by the economic and trade office at the Chinese consulate in Sana'a and out of the significance of exhibition activities. The aim is to become acquainted with Chinese industries and create opportunities to encourage trade exchange and investment between the two friendly countries.

Preparations are underway for a meeting of the Yemen-South Africa trade committee scheduled in the South African capital at the beginning of May.

Information sources said the meetings will cover topics related to enhancing the two nations' exchange of trade and economy. The sides also will discuss South African companies' investment in minerals and in Aden free zone.

The Yemeni side will be represented by the Ministry of Industry and Trade, the investment authority, the exports council, the geological survey authority and Aden free zone. Sources pointed out that the meetings are in follow-up of the South African trade minister's visit to Sana'a last year.

Yemeni tax revenues collected during the first quarter of this year have risen to more than YR 46 billion – an increase of more than YR 15 billion – compared to the same period in 2005.

A presidential decree recently was issued to establish a state land, survey and construction planning authority. Under the decree's provisions, the survey department, land registry, state lands and estates and the Ministry of Public Works and Roads' urban planning sector will merge. According to the decree, the new authority enjoys body corporate and independent financial security in order to conduct its activities under Ministry of Public Works and Roads supervision. The decree stipulates that the new authority will be headquartered in Sana'a capital secretariat.

The decree defines the authority's objectives according to the utmost benefit from state lands and estates, using them in the best way and determining priorities in dealing with them to serve development purposes. Its tasks also include creating a suitable environment to attract investment, encouraging and offering necessary facilities to build major scientific and technical bases for all survey and aerial photography, as well as preparing different types and measurements of maps of the republic.