Investments in Yemen on the Rise [Archives:1998/07/Local News]

February 16 1998

Statistics released on January 10 by the General Investment Authority (GIA) indicate that 1189 projects were licensed by the GIA’s head office up to November, 1997. With a total cost of investment of YR 330, 206,005, these investment projects have created 59,167 new jobs. The fixed assets of these projects stand at YR 3,030,424. In December alone, the GIA licensed 22 new investment projects with an investment cost of YR 4,696,812. Of these December projects, 16 are industrial, 1 in agriculture, 2 in fisheries, 1 in services, and 2 in tourism. The new job opportunities created in December were 673.