Mahater Mohammed Concluded Visit to Yemen [Archives:2001/34/Front Page]
The Malaysian Prime Minister, Mahater Mohammed, concluded last Saturday a four-day trip to Yemen during which he met several high ranking officials including president Ali Abdullah Saleh. He also visited Aden and Mukalla and discussed the possibility of Malaysian investment in the Aden Free Zone. In a press conference held last Saturday, Malaysian Prime Minister confirmed that Malaysian investment in Yemen, mainly in the Aden Free Zone, would significantly increase.
He said Malaysian investors would build re-manufacturing plants in Aden which will be used as an export launch pad to the populous African region. He added that he conducted fruitful talks with Yemeni officials, focusing on enhancing economic and trade cooperation between Yemen and Malaysia. Discussions about oil manufacturing and the possibility of constructing an oil refinery in Aden were also held.
Mahater described Malaysia’s development and transformation into a strong economy exporting 80% of its products. According to him, the attractive legislation towards foreign investment is the key reason behind Malaysia’s prosperity and he welcomed cooperation with any Islamic country which could benefit from the Malaysian experience. The Yemeni and Malaysian authorities signed a Memorandum of Understanding to establish a ministerial committee to deepen bilateral economic and trade cooperation and an agreement to cooperate in the field of personnel administration. On his side, President Saleh made a call for enhancing Malaysian investment in Aden.