Government to evaluate policies of investment at central and level levels, al-Arhabi

SANA'A, Aug. 30 (Saba)- Deputy Premier for Economic Affairs and Minister of Planning and International Cooperation Abdul-Kareem al-Arhabi affirmed on Saturday that the government was to evaluate policies of investment at central and level levels.

In the opening session of the workshop on the study of enhancing investment policy in the country, al-Arhabi said that the government would do all efforts to improve investment climate to attract further investments.

The study was conducted by experts of the consultative unit at the International
Finance Corporation IFC, a member of the World Bank group.

He pointed out to the importance of the study to come out with national strategy for
bettering investment environment in the country for coming period.

The study focused on reality and the obstacles facing the investment and would be a
roadmap of the investment in the country, al-Arhabi said.

He urged the private sector to shoulder its responsibility in the development
process in the nation, affirming importance of existing attractive features of the
investments to realize good economic growth in order to reduce poverty.

For his part, the director of the Business Environment Program n the Middle East and
North Africa at the IFC highlighted achievements of the Yemeni government to create
a legal ground for attracting investments.

He also indicated to the current efforts to develop policies associated with the
investment in mineral and oil sectors in the country, reviewing the cooperation
between the government of Yemen and the IFC to carry out program to support the
private sector and small and medium companies in labor market in coming three years.

Head of the team of preparing the studies Yousif Batbata reviewed the study,
pointing to the promising and attractive elements of the investment in the countr