SANA'A August 25. 2024 (Saba) - A meeting held on Sunday in Sana'a, headed by the Economy, Industry and Investment, Minister Eng. Moeen Al-Mahaqri, discussed developing work mechanisms in the General Investment Authority.
During the meeting, Minister Al-Mahaqri stressed the importance of updating work mechanisms in the Authority in a way that is consistent with and keeps pace with the program of the Government of Change , Construction and contributes effectively to achieving its goals.
He explained that the stage requires working in a different way to stimulate the private sector to invest in the country, preserve national capital and create appropriate climates for it, noting the promising investment opportunities in various fields that need to be marketed to private, public, mixed and community national capital.
The Economy, Industry and Investment Minister urged setting priorities in investment with attention to rural development and community economy projects followed by energy generation projects , then food, clothing and medicine projects.
He considered investment in energy an urgent necessity and a basic condition for improving investment in various fields, stressing the importance of cooperation , creating a strong , solid partnership with the private sector and national capital in all its categories as the main national economy lever .
The Economy, Industry and Investment Minister also stressed the importance of finding sufficient flexibility in introducing amendments to the law according to the criteria for measuring results and impacts and creating a rapid dynamic that serves to improve the investment environment, stressing the importance of the role of the Investment Authority's cadres in creating a positive and constructive relationship with the private sector.
In turn, the Authority Chairman , Yasser Al-Mansour, praised the ministry's keenness to develop work mechanisms, stressing that the Authority, with all its cadres, is present and ready to work according to a new vision to promote investment in the country and benefit from the advantages and incentives in the new investment law.
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