Government encourages investment in the fishery sector [Archives:2008/1211/Business & Economy]

November 27 2008

By: Mahmoud Assamiee
With a long coastline of up to 2,200 kilometers on both the Red Sea and Indian Ocean and over 130 islands to its name, Yemen's fishery sector is one of the country's wealthiest resources.

The Yemeni government has devised a package of economic, financial and legislative reforms to encourage Arab and foreign investment, enhance accountability and good governance in the fishery sector.

Moreover, the cabinet had recently approved a national strategy to develop the fishery sector and to protect this national wealth through modern marketing and exporting techniques.

“Our ministry is providing facilitation and incentives to attract investments in this field