UK supports Yemen with £8.9 mln to enhance investment
The Source: www.sabanews.net - 26/1/2009
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Yemen and UK signed here on Sunday at the Ministry of Planning and
International Cooperation a UK support agreement of £8.9 for enhancing
investment in Yemen.
The agreement signed by Minister of
Planning Abdul Karim al-Arhabi and the British International
Development Minister Mike Foster aims to strengthen Yemeni government's
efforts for improving investment and business environment in Yemen.
Al-Arhabi
assured the agreement would enable Yemen to avail from the
international experiences for improving the investment environment in
Yemen in accordance with the best international exercises,
He
praised the level of bilateral growing cooperation between Yemen and
Britain, which is considered the major donor for carrying out the
national reforms adopted by the Yemeni government based on the Yemeni
demands.
For his part, the British Minister Foster praised the
Yemeni-British bilateral ties, indicating the Yemen's achievements in
the national reform field.
The British minister also stressed
that the British government is interested in strengthening the joint
cooperation frames with Yemen.
Prior to signing the agreement,
an official talk session has held here between Yemen and Britain and
co-chaired by the Minister of Planning and International Cooperation
Abdul Karim al-Arhabi and the British International Development
Minister Mike Foster.
The session has dealt with a number of issues related to enhancing bilateral cooperation between Yemen and Britain.
It
is worth to mention that the total British assistance presented to
Yemen reached £20 million during 2008. The British government has
recently raised its assistance to Yemen to 400 percent during the
period (2006 – 2011). The increase was under the developmental
partnership agreement with the Yemeni government signed last August
2006. This partnership is the first of its kind in the Middle East and
the seventh at the world level.
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