King Abdullah instructs Saudi businessmen, investors to visit Yemen

SANA'A,
Aug.07(Saba)- Head of Saudi-Yemeni Businessmen Council Abdullah bin Mahfoudh said on
Saturday that
King Abdullah bin Abdul Aziz has instructed the businessmen council and the chambers
of commerce in the Kingdom to visit Yemen to know about investment opportunities and
meet President Ali Abdullah Saleh.
"We believe unequivocally that investment in Yemen is available and it only
requires the application of investment law", said Mahfoudh.
This came in statements to Saba upon arriving of the Saudi investment delegation in
Sana'a on Saturday, which consists of businessmen, investors and members of
chambers
of commerce in the kingdom, on an official visit to Yemen to explore investment
opportunities and increase the size of Saudi investment in Yemen.
Saudi businessmen and investors noted to the distinct investment opportunities in
Yemen in various areas, pointing to advantages and facilities provided by the
Yemeni investment
law, which encourages Arab and foreign investors to invest in Yemen, especially
after launching the one window system through the General Authority for Investment
(GIA)
by President Saleh to be the main destination for investors.
For his part, Abdullah Boqshan, a businessman, said that it is known that the Saudi
investments in Yemen are among the largest Gulf investments in the region, but this
meeting
with President Saleh aims to discuss more investments, particularly in the fields of
electricity, oil, gas and tourism.
BA