Yemeni-German project to promote investment

SANA'A, March 10 (Saba) - The Federation of Yemen Industry and
Commerce Chambers has revealed preparations have got underway for
the signing of a Yemeni-German project to classify the investment
atmosphere in the country according to international standards.

Director general of the federation Muhammad al-Maitami said the
ministry of Planning and International Cooperation will sing in
March a memorandum of understanding for the project that would be
implemented in collaboration with the Federation of German Chambers
of Industry and Commerce.

The project would be the second in the Middle East and aims to
familiarize with investment standards and mechanisms in Yemen to
adapt them to international standards in an effort to help the
Yemeni government attract more capitals and to support local and
foreign investors in the country, al-Maitami said.

The project which would be executed in two years will include
conducting studies and other field works which would be carried out
by local and international experts.

On the other hand, al-Maitami noted that the federation has
completed all arrangements to update new units within an integrated
project to develop its duties.

Three new units including the small and medium industries unit,
international trade unit and businesswomen unit have been launched,
he said.

FR