Sana'a - Saba:
The special parliamentary committee concluded its meetings today, chaired by Deputy Speaker of the House of Representatives and Committee Chairman Abdul Rahman Al-Jamahi.
The committee, with the presence of the governmental side represented by the Minister of Economy, Industry, and Investment, Engineer Maeen Al-Mahaqri, and the Chairman of the General Investment Authority, Yasser Al-Mansour, completed its discussion of the Investment Bill articles one by one, and approved it in its final form after incorporating the remarks emphasized by the council members.
Thus, the committee concluded its work and agreed to present the report to the council for discussion and decision.
The articles of the Investment Bill focus on encouraging and protecting local production and developing exports to promote and support local agricultural, animal, and fishery products, as well as local industrial products, to achieve self-sufficiency.
The bill includes implementing a national strategy to promote investment in line with the state's directions, meeting the requirements of the change and construction phase, starting with preparing research and studies related to the investment climate and economic feasibility studies for priority investment projects to expand the scope of beneficiaries, and supporting and encouraging investments and projects to transfer and localize industries in various fields, especially those relying on local natural resources and wealth, ensuring they receive attractive benefits and incentives, and strengthening the principle of partnership with the private sector.
The meeting was attended by several agents and specialists from the relevant government agencies.
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