Promotion of investment projects abroad [Archives:2005/846/Business & Economy]

Sources at the State Authority of Investment have announced that the authority has taken the first steps for promoting a number of strategic projects in a number of Arab, Asian and world markets. The sources clarified that the projects included various sectors among them industries and assemblage of cars, iron and steel, tourist villages and resorts as well as the industry of marble, glass, granite and cement whose raw materials are existent in economic quantities on the Yemeni territories.

They added the authority would pay much attention in this regard to Yemeni investor expatriates abroad, especially in the coming period, in order to attract their investments to Yemen. They indicated that the authority was always keen to keep pace with world new variables in the area of investments, confirming that the law of investment in Yemen was flexible and the authority could introduce amendments to it any time there would be need for that with the purpose of offering further facilities and simplified procedures to improve the investment climate and environment in Yemen for the flow of more investments.
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