Government seeks to promote investment legislation

SANA'A, March 21 (Saba) - Minister of Planning and International
Cooperation and Deputy Prime Minister Abdul Karim al-Arhabi affirmed
on Saturday the government's keenness on the creation of a
motivating legislative environment for national and foreign
investments.

During a ministerial meeting to discuss the final draft of
Investment Law, al-Arhabi said the new investment law equals to the
best international ones.

The promotion of national and foreign investments depends on the
nature of facilities to be offered by the government to the
investors, he said.

Al-Arhabi pointed out Yemen has various investment opportunities
that make polarizing investments to Yemen so easy.

The meeting discussed issues concerning responsibilities of
Promotion Investment Council intended to be established soon.

Several ministers were attended the meeting including Justice
Minister Ghazi al-Aghbari, Finance Minister Numan al-Suhaybi and
minister of Parliament and Shura Council affairs Ahmed Al-Kuhlani.

TD/AF