Modern studies:Yemeni islands promising of investments and job opportunities [Archives:2004/785/Business & Economy]

Field studies have recently affirmed that Yemeni islands are qualified for investment projects in various areas. Estimates indicate that there are about 4642 investment opportunities providing work opportunities for around 250 thousand persons from local labour. The tourist sector comes in the first place of such investment opportunities as it is expected to provide 450 investment opportunities providing 4900 work opportunities for the unemployed in the Yemeni labour market.
Dependent on sources from the state authority for the development of Yemeni islands, the studies revealed there are 45 investment opportunity in the industrial and trade sector providing 4240 jobs. Surveys disclosed the existence of 413 investment opportunities in agriculture and animal wealth providing 4128 jobs and 393 investment opportunities in the sector of waters and electricity providing 3219 jobs.
The study indicates there are investment opportunities in construction and roads sector amounting to 2869. This sector represents the live artery of the infrastructure in preparing the Yemeni islands for investment and it is expected that those investments could provide about 187888 job opportunities. Investment opportunities in the oil and gas sector amounts to 105 providing about 3138 jobs. As for the field of communication, information and monetary sector, there are around 40 investment areas with 4290 job opportunities.
Regarding studies and scientific researches related to unique and rare trees, plants and birds by which the islands are characterized, there are about 20 investment opportunities supplying 1040 jobs for the unemployed. The director of the state authority of tourism Yahya al-Kayna'ie views that the law on investment offers encouraging facilities to local, Arab and foreign capitals that would help attract them, through promotional campaigns the authority and concerned parties would conduct especially that the existing opportunities are tempting and would bring great profits for their investors. Training courses are currently conducted for tourist police for the protection of investments in the islands of Yemen and for dealing with investors in a civilized manner expressing the state's respect for the investors and protection of their interests.
The authority has recently finalized setting future plans to implement projects in the islands infrastructure to met investors needs. The authority is also preparing civilian schemes for the islands and coasts including networks for sewage, waters, electricity in addition to building roads. The schemes also include the building of telephone networks, sites for sea diving, entertainment parks and architectural building of certain architectural character compatible with the sea and tourist environment of Yemeni islands.
Mr al-Kaina'ie clarifies that the basic projects of the infrastructures also include power generators and utilities for government buildings, such as police stations, school buildings, health units and centers for necessary services. According to the new plans, the authority would renovate the historical sites in the islands and qualify tourist guides to be at a high level of knowledge about the historical background of the Red Sea, the Arabian Sea and the Gulf of Aden as well as the coasts.
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