GIA promotes Entrepreneurship Development [Archives:2007/1055/Local News]

May 31 2007

SANA'A, May 28 ) In cooperation with the United Nations Industrial Development Organization (UNIDO), the General Investment Authority has concluded an entrepreneurship development program which lasted for a month. During the training program participants were introduced to several managerial and business development concepts, as well as the latest in global trade and export strategy.

Mr. Salah Al-Attar, Director of the General Investment Authority has stated that the participants were selected on the bases of competency and potentiality, adding that the country expects a lot from young entrepreneurs in terms of boosting economic development and providing employment, he also wished them great success in developing their businesses and hoped that they would make good use of the training they received in the General Investment Authority. He also indicated that the Authory is holding talks with the UNIDO and other developmental organizations in order to expand the span and scope of such training programs, considering the positive direct impact such programs have on the microeconomic development of the participants, as well as the macroeconomic spill-over effect it has through the development of various industries.

Upon the completion of the training program, the Team Leader of the New Enterprise Creation Program affiliated to the General Investment Authority Mr. Adel Al-Ashtal, made a presentation that demonstrated the previous success stories of previous entrepreneurship development programs graduates, focusing on the social and economic impact of such initiatives as well as the long-term objectives of such programs.