Landmark investment conference opens in Yemen

ADEN, Nov. 11 (Saba) - Launching an
Aden landmark investment conference, Prime Minister Ali Muhammad Mujawar said on
Wednesday
that investment was put on top of the priorities as the government has started to
secure an improved and competitive investment climate.
The government has adopted a series of measures over investment and trade, first
and foremost investment law, corporate law, tax and custom laws besides other
legislation
for boosting transparency and accountability, he said.
All taken were aimed at improving the investment atmosphere through guarantees and
trust factors admired by investors, he affirmed.
Moreover, he said in the conference held under the slogan Aden…Yemen's gate to the
world, the government has launched the single window system, activating commercial
courts,
accelerating steps to set up a stock market, setting up and preparing industrial
zones, providing free plots for large investments and engaging the private sector in
development
and infrastructure projects.
Commenting on the event, Mujawar said the conference provides a typical opportunity
to explore investment opportunities across the country after the success of the
2007
investment opportunities exploration conference.
He also highlighted investment legislation and facilities at a time when Yemen is
struggling to boost its national economy.
Many regional and international delegations have landed in Yemen for the two-day
conference held in Yemen's business capital of Aden.
The meeting would discuss several topics, mainly related to economic and
investment. Piracy and maritime security in a region where piracy has soared in
recent years would
be addressed as well.
FR