Govt keen on strengthening partnership with private sector: al-Arhabi

SANA'A, Feb. 15 (Saba) - Minister of Planning and International
Cooperation Abdul Karim al-Arhabi confirmed here on Sunday the
government's keenness on strengthening partnership frames with local
private sector.

Opening a workshop on discussing the final draft of the new
investment law, al-Arhabi assured that the reforms adopted by the
government for upgrading legislations of activating investment
potentials in Yemen targets, firstly, the promotion of the national
private sector to contribute to the development process in the
country.

He pointed out that transferring the privileges from the new
investment law to the income tax law would promote the local and
foreign private sector to set up investments in Yemen, noting that
the government is to take in consideration all notes of the national
private sector on the new investment law.

The Head of Yemeni Businessmen Council (YBC) Mohammed Abdu Saeed
affirmed the private sector's keenness on enhancing the current and
future partnership with the government, hailing the government's
serious trends for activating such partnership.

Saeed stressed on the significance of gathering the government and
the national private sector efforts in order to overcome the
obstacles deterring the investment process in Yemen through
reinforcing the General Investment Authority (GIA)'s role and
strengthening the legislative structure included in the new
investment law with more terms competent to deal with these
obstacles.