Utmost transformation as Yemen preps for Aden landmark investment conference

SANA'A,Nov. 06 (Saba) - Prime Minister Ali Muhammad Mujawar said on Friday that the
government
is doing utmost efforts to develop Yemen's business capital of Aden through
improving its infrastructure and amending investment legislation in an effort to
attract more
capitals into the city.

Highlighting the Aden Investment Conference which will take place next Wednesday
under the theme: Aden….. Yemen's Gate to the World, Mujawar affirmed the government
is keen
on contacting local and foreign economic partners to present a no-longer closed Aden
that has been prepared to be an international trade hub.
Mujawar's remarks were given during an interview with the monthly Investment Magazine.
Yemen sees the port city of Aden as an economic alternative for declining oil, he
said, adding activating the components of the Free Trade Zone in it is one of the
government's
priorities.
Yemen is readying infrastructure at the industrial zone and the Cabinet is working
on proposed amendments to the investment legislation to serve investors and tackle
obstacles
facing the flow of capitals into Aden, Mujawar said.
All steps are aimed at improving Yemen's investment climate and making it easy for
businessmen to set up investments in the city, he said.
Mujawar also highlighted the importance of the public-private sector partnership,
saying it is very essential and deemed the bridge of development in Yemen.
There are duties and rights that each sector must have to establish a clear vision
over cooperation and achieve aspired partnership, he concluded.
FR