Development of Expatriates investment projects [Archives:2005/860/Local News]

Mr. Abdulrhman Alzabidy, general manager of promotional investment, in the Ministry of expatriate's affairs, confirmed that 60% 0f the investment projects in the country are for expariates.He pointed out that there is an immense expatriate demand for investment. He attributed this to the facilities that the investment law furnishes. He added that there are great good strategic investment projects for the expatriates in the fields of tourism, agriculture, health, fish and ships. He said that the investment in tourism comes on top of all these. He asserted that the present survey for expatriates investments, in the country which the ministry is now conducting in Ibb Taiz Hadramot and Abian, confirmed that there is a great demand for investment, in spite of the problems and the frustrations they face. These frustrations come from investment related authorities like customs, constructions and tourism. The ministry is always following up to solve such problems. It communicates with the concerned parties by presenting these problems to ministerial committee so as to solve them. He hoped that the concerned parties should live up to their commitments by coordinating efforts to achieve this goal. He confirmed that there is a continuous coordination between the Ministry and the General Authority for investment. He invited businessmen for more investment, especially the Yemenis who are regarded to be the wealthiest of the international businessmen.
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