YEMEN, MALAYSIA FESTIVAL 2010 TO BE LAUNCHED SOON

SANA'A, March 13 (Saba) - Yemeni ambassador to Malaysia Abdullah
al-Muntasir has revealed that over 100 Malaysian companies would
take part in a Yemeni-Malaysian Festival 2010.

The 4-day festival would be opened next Wednesday in Sana'a by Prime
Minister Ali Mujawar.

Al-Muntasir pointed out that the festival aims at growing bilateral
ties between the two countries in order to encourage Malaysian
products in the Yemeni markets.

He also considered this festival as a good opportunity to create a
networking between Malaysian and Yemeni businessmen.

"The festival will open a new horizon of investment fields between
the two sides through participation of several trade and industry
representatives of Malaysia", he added.

The Yemeni diplomat highlighted that the Malay Chamber of Commerce
and Industry Syed Ali Al Attas will attend the festival.

Yemeni investments in Malaysia have started when HSA Group had
launched its economic and trade activities in 1989 in the fields of
vegetable oils and food in Malaysia.

According to 2008 statistic, the investments between Yemen and
Malaysia raised from $ 47.7 million in 1990 to $ 401.8 million in
2008.

The statistic showed that the current Yemeni investment reaches $
15.5 million in mining and tourism fields.

MD/YA