New Horizons in the Yemen-Saudi Relations [Archives:2001/10/Business & Economy]

March 5 2001

The Aden Chamber of Commerce and Industry organized a special meeting for the Saudi businessmen delegation and Yemeni businessmen at the Aden Hotel last Monday. Mr. Taha Ghanem, governor of Aden welcomed the Saudi Businessmen delegation, presently visiting Aden, highlighting the importance of consolidating business relations between Yemen and Saudi Arabia under the leadership of President Ali Abdullah Saleh and King Fahd Ben Abdulaziz. He said that the Yemeni-Saudi relations are being driven into wider horizons in all possible fields. 
Mr. Mohammed Omar Bamashmos, Head of the Boards of Directors at the Aden Chamber of Commerce and Industry spoke about the importance of the visit of the Saudi delegation to Aden as to come close to all investment facilities in the Aden Free Zone as well as to the other features ensured by the Yemeni Investment Law. 
President of the Jeddah Chamber of Commerce and Industry, Sheikh Ismael Ali Abu Daood stressed that the visit of the Saudi delegation constituted a new beginning for more economic and commercial cooperation among the Yemeni and Saudi businessmen. 
Vice Chairman of the Aden Frees Zone, Mr. Ahmad Yahia Handhal gave brief details about the investment activities of the Free Zone. He emphasized that the visit of the Saudi delegation is a sign of the initiative of President Saleh and King Fahd to enhance bilateral relations between the two countries. 
The Saudi businessmen made a tour of the Free Zone and the Container Terminal and were briefed on the history of the zone as well as on the major different investment facilities provided for investors.