Participants of Mukalla conference demand promoting industries

MUKALLA, Dec. 23 (Saba)- Participants in the Industry Conference,
Yemen's Future recommended setting up development strategy for
promoting national industries.

The recommendations, the conference came out with, suggested
creating funding pocket for industrial investments, especially small
and middle-sized industries. This also included participation of all
private banks and reducing profits on loans granted to agricultural
activities. They affirmed carrying out made in Yemen program and
preparing studies on effects of international industrial changes.

The recommendations asserted on enhancing partnership relations
between the government and the private sector and working on
developing them and setting up joint strategy for following up
carrying out the conference's recommendations.

They stressed necessity of working on revising related laws and
by-laws for updating and improving them.

The recommendation argued concerned bodies to prepare geological
studies to resources and rocks and making these studies available to
those who intend to invest in this field.

The recommendations affirmed necessity of preparing initial studies
to promising industrial studies, especially those depend on local
materials and making them available investors.

They also affirmed importance of revising banking policies, formal
and private. They included giving real incentives for investments in
industrial sector. Customs and taxis exemptions are the basis of
these incentives.

Participants had held two work sessions. The first session dealt
with a number of successful international experiences in field of
industrial development presented by Malaysian Siram Company,
Al-Arabi Group and Salalah Free Zone in Oman.

While the second session included factors of enhancing contest of
national industries followed by a number of comments made by
Secretary General of Yemeni Manufacturers, Hudeidah Commercial and
Industrial Chamber and the Technical Organization of the Supreme
Council for Developing Industries.

MA