Initiative for financing projects to develop tourist product approved

SANA'A, Sep.21
(Saba)- The Cabinet approved on Tuesday an initiative to support financing 11
projects
aiming at developing the tourist product in Yemen in cooperation with the World
Tourism Organization (WTO).
This came after the Cabinet approved the report of the Supreme Council of Tourism
on the results of the last August meeting of the council, which included the
developmental
projects to develop the tourist product.
The Cabinet directed the Ministry of Planning and International Cooperation to find
sources of funding through donors to help financing the implementation of those
projects
as they represent great importance for the tourism development.
Also, the Cabinet agreed on organizing for convening the Second Arab Tourism Forum
by the Ministry of Tourism, which will be held in Sana'a during October 23-25.
Furthermore, the Cabinet discussed the recommendations of the Supreme Council of
Tourism on "Konoz Ibb" project, which includes a series of tourism investment
projects on
an area of 394,773 square meters at an estimated cost of YSD 100 million.
In this regard, and in light of the approval of Ibb province on establishing the
project on an area of 30 percent of Almahmol Mountain in the city of Ibb, the
Cabinet decided
to authorize Ibb Governor, the General Authority for Lands and Survey and
Constructional Planning and the General Investment Authority to hand over the
project site to the
investing company to start the implementation process.
The Cabinet stressed at the same time to apply all conditions of the General
Investment Authority with respect to the period of time, in which the investor
should complete
the implementation of the project, unless the site would be withdrawn.
BA