Cooperation Agreements with Dhafar [Archives:2003/664/Local News]

September 1 2003

Sana'a, August 30 – Headed by Mr. Abdulqadir Ali Hilal Governor of Hadramout, the Hadramout delegation's visit to Oman was concluded successfully last week by signing a joint memo for both Hadramout and Dhafar chambers of commerce in economic, commercial, investment, cultural and scientific fields plus other common projects between the two governorates.
The memo included points of agreement on facilitating the exchange of goods and products of national origin across land borders in order to enhance trade movement between the two countries and to establish joint projects.
It is believed that this trip was quite successful and would contribute to training and qualifying Yemeni cadres in fishery, marine and other fields which Oman has good experience in.
It was also visible that Oman had a future vision for its economy until year 2020 centered around shifting from governmental spending or oil revenues and incoming labor to a more stable and qualified source through training and creating local qualifications among the Omani people.
In order to bring about a variety of income sources and not to be dependent on oil alone, Oman plans to carry on privatization strategies and human resources development. Looking at the Omani exports it is seen that 77% are of crude oil, 3% of refined oil, 4% of natural gas, 5% other non petroleum sectors and 11% from re-exporting.
It is also worth mentioning that Oman alone has 6 industrial areas, while Yemen has not been able to make a technical / economic feasibility study not for industrial areas mentioned in the council of minister's decree no. 138 for year 1997 and 1999 and 2002, but even for just one industrial area of those mentioned in the decree in either Hodeidah, Hadramout or the Aden, Lahj, Abyan triangle.