Utmost transformation as Yemen seeks more capitals in Aden
The Source: www.sabanews.net - 06/11/2009
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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.
Ahead of 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.
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