Draft of national strategy of promotion for investments approved

SANA'A, Sep 02 (Saba)-Headed by Prime Minister Ali Mujawar, the Board of General Authority of Investments approved on Wednesday draft of the national strategy for the investment promotion and its executive program.

The objective of the strategy is to develop technical and administrative structure
of the authority in order to make it more active.
The board asked to re-organize priorities of the strategy.
It also approved the budget of the authority for coming year, asking to finalize
legal measures to be adopted by the Ministry of Finance.
According to a report of the authority for last year and first half of 2009, the
authority registered 292 projects at capital of around YR 389 billion in 2008.
The report said that these projects would offer 13,991 jobs.
During first half of this year, the authority registered 144 projects at total cost
of YR 124 billion, report said.
The board highly appreciated efforts of the authority to coordinate with other
concerned bodies to develop policies of developing means of promotion for
investments in the
country.
AH