In Brief [Archives:2008/1180/Local News]

August 11 2008


India intends to invest in Aden Free Zone

Deputy Chairman of the Public Authority for Free Zone Abdul Jalil al-Shoaibi discussed here on Saturday with the Indian ambassador to Sana'a R.M. Aggarwal aspects of investment cooperation between Yemen and Indian. During the meeting, al-Shoaibi affirmed Yemen's desire to attract Indian investors to invest in the industrial zone in the Aden Free Zone.

The Indian diplomat was briefed on the current activities of the investment project in the free zone in various industrial sectors. He expressed his satisfaction with the latest investment development in free zone.

He also invited chairman of Aden Free Zone to visit Chamber of Commerce and Industry of India to hold talks with a number of Indian investors, particularly in the Aden Free Zone, and affirmed his country's keenness to deepen cooperation and friendship and exchange economic delegations between both countries.

Yemeni, Indian investment cooperation discussed

Governor of Aden Adnan al-Jafri held Saturday talks on Saturday with the Indian ambassador to Sana'a R.M. Aggarwal on the development of bilateral cooperation between the two sides in the domain of investment, particularly in the area of hotel, tourism and scientific research.

During the meeting, governor pointed out to the investment opportunities in Yemen, in general, and the province of Aden, in particular, highlighting the facilities and guarantees of Yemeni Investment Law.

For his part, the Indian diplomat affirmed his country's keenness to strengthen aspects of mutual cooperation with Yemen in various fields, particularly in the investment area.


CBY opens new branch in Mahrah

Central Bank of Yemen (CBY) is going to open on Sunday a new branch in Serfit outlet in Mahrah province. The general director of CBY's branch in Mahrah Mohammed al-Akimi told Saba that the opening of the new branch came to cover the growing economic and commercial activities in the outlet.

He noted that the bank has opened a branch in the custom Shahn outlet, hailing efforts of the bank's leadership in updating the performance mechanism of the bank in the different governorates.


Situations of African refugees coming to Taiz discussed

Governor of Taiz Hamoud Assoufi discussed on Saturday with delegation of the UN Refugees Agency headed by Aden agency's office director situations of African refugees coming to governorate's coasts.

The meeting dealt with importance of providing food and health care to the refugees and establishing reception station for registering them and giving them necessary requirements in coordination with the Yemeni Red Crescent in the governorate and then transporting them to Kharaz Refugees Camp in Lahj province.


Yemen, WB to implement Taiz Flood Protection Project

Yemen and World Bank (WB) reviewed here on Saturday current preparations for implementing the additional stage of the Taiz Municipal Development and Flood Protection Project.

Minister of Public Works and Roads Omar al-Kurshomi held talks with the WB's delegation headed by Sameh Wahba, who is currently visiting Yemen, on implementation progress of the WB-funded projects in the country.

The meeting also talked about the Taiz Municipal Development and Flood Protection Project that its additional stage would be initiated in the current month within the second stage of the project that costs $ 22 million financed by WB with a governmental contribution amounting ten percent.

The meeting highlighted the great success the project has realized so far and its importance to serve the governorate's citizens and improve its appearance as well as the importance of carrying out the technical study to protect Ibb city from floods.

It also discussed the future projects that would be implemented in cooperation with WB, topped by the project of the comprehensive urban development in Sana'a and Taiz.

The minister al-Kurshomi praised the partnership relations with the WB, noting to the great attention the government pays to projects of housing, urban development for random zones.

The WB's delegation affirmed the Bnak's keenness on developing relations with the ministry, adding that 6 studies within the projects would be carried out in the coming period concerning land managements and street numbering and update the traffic.

AOT to rehabilitate several hotels in Aden and Abyan

The Arab Organization for Tourism (AOT) agreed on Saturday with the Yemen to rehabilitate several hotels in Aden and Abyan governorates within preparations of Yemen to host 20th Gulf competition by 2011.

The agreement was reached in a meeting brought together Minister of Sports and Youths Hamoud Abad, Minister of Tourism Nabil al-Faqih, Aden governor Adnan al-Jafri and the AOT delegation.

The meeting focused on current cooperation between Yemen and the organization and current arrangements for hosting the Gulf event as well as assistance offered by the organization for Yemen.

The head of the AOT delegation Bandar al-Fahd expressed readiness of the organization to set up 100 beach cabins in Aden city within coming two years in cooperation with the Yemeni government.

GOII concerns to joint Yemen as 7th member, says secretary general

Secretary General of Gulf Organization for Industrial Investments (GOII) Ahmed al-Matawa affirmed concern of the organization to join Yemen into the organization as seventh


In a statement to Saba upon his arrival in Sana'a International Airport , al-Matawa said that the accession of Yemen into organization would allow it to benefit from the consultations,

studies and reports presented by the organization over setting up industrial projects.

He said that Yemen is rich with natural, industrial and human resources. Al-Matawa made it clear that he would hold talks with the Yemeni officials in the ministry of industry over required measures to inter Yemen into the organization and studies of the origination

for industrial projects that were suggested by investors in Yemen.

The organization was established in 1976 as a regional organization dealing with the industrial development in the GCC countries.

GFATM to fight Malaria in Yemen with USD 27 mln

Yemen and Global Fund to Fight AIDS, Tuberculosis and Malaria held talks here on Saturday on the arrangements to sign an agreement of USD 27 million granted by the fund for fighting Malaria.

Minister of Public Health and Population Abdul Karim Rase'a discussed with the Regional Director of the Fund for Middle East and North Africa Hend al-Khatib the cooperation relations between the ministry and the fund.

The two sides reviewed the achievements in field of fighting Malaria in many provinces this year.

Worth mentioning, Yemen won by the end of 2007 the financial gift of the fund's 7th round during the period 2009 – 2013.