Regional tradePrivate sector needs to help: Bajammal [Archives:2005/819/Business & Economy]

February 24 2005

Prime Minister Abdulqader Bajammal announced last week that soon-to-rise exports of liquid gas out of Yemen means that more than ever Aden Port as well as the Free Zone are open for investors to make businesses.

The PM called on all the investors to be accurate and work properly according to the legal procedures in dealing either with each other or with the concerned investment parties. He briefed the investors about the stability of dealings, increasing trust and achieving interests for all parties.

The PM also called on the Yemeni and Arab private sectors to activate and enhance their roles in the economy of Yemen and the other Arab countries, indicating that the economy depends on the private sector to contribute to the economic and social development.

In the 75th cycle of the Economic Council meetings which was held in Aden including a number of Yemeni and Arab businessmen, Bajammal discussed with the participants the issues related to the Yemeni and Arab investment and trade activities.

He confirmed that the private sector has to think of building a sailing line to connect ports in the Arabian Peninsula and enhance trade. He also pointed out that the industry & development-funding establishments have to reinforce the national capital and increase its power in the economic and investment sectors.