From Yemen Observer:
President of Yemen HE Ali Abdullah Saleh
The conference on industry, titled “Industry is the future of Yemen” will begin in Hadramout on Monday, said Omar Bajarsh, Chairman of the Hadramout Chamber of Commerce and Industry. The conference will be attended by concerned bodies from the Yemeni government, Gulf companies and representatives from Malaysia, including the guest of honor former Malaysian Prime Minister Dr. Mahathir Mohammad.
He confirmed that all preparations for the conference have been concluded, in particular the accompanying exhibition of Yemeni products and Malaysian companies specializing in manufacturing. The goal is to display high-quality local products in order to build domestic confidence in Yemeni-made goods, and to increase their international profile.
Malaysian participation in this conference will be especially important as the country was able to successfully transform itself from a developing agricultural economy like Yemen into an advanced industrial country.
The goal of the conference is to search for strategic alternatives for the future of the Yemeni economy – particularly in the industrial sector. It will focus on preparing clear strategies for developing this sector as well as promoting industrial zones.
Prime Minister of Yemen Rt Hon. Ali Mujawar
This conference is seeking to promote the slogan” Made in Yemen”, and will be organized by the Hadramout Chamber of Commerce and Industry, the Ministry of Industry and Trade and the Yemeni Businessmen Club. “GSP pays particular attention to industry. This conference will give GSP an opportunity to introduce government guidelines for the revitalization of this sector by reviewing the legislation through new laws, as well as to present a strategy of industrial development and review mechanisms for joint work with private sectors,” Dr. Yahya Mutawakil, Minister of Industry and Trade told the 26 September newspaper that a contract between the Industry and Commerce office in Hadramout and Malaysia will be signed during the conference.
“Participants from Qatar, Kuwait, Bahrain, Saudi Arabia, Oman, Jordan and Egypt, in addition to Britain, America and South Africa, Malaysia, Indonesia and India will participate, totaling between 150 to 200, in addition to 600 participants from Yemen,” stated Badr Ba Salama the General Director of the Industry and Trade of Hadramout. The presence of such a large number of foreign representatives will help to raise Yemen’s profile on the world stage, and ideally attract further foreign investment.
“The Malaysian Chamber of Commerce will sign an agreement with local authorities in Hadramout to establish a luxury five-star tourist hotel, as well as another agreement between the Malaysian SERME and a Yemeni company to found a center for the fisheries industry in Mukalla,” added Ba Salama. The government has prepared a busy schedule for the visit of former Malaysian Prime Minister Dr. Mahathir
Former Prime Minister of Malaysia, Tun Dr Mahathir Mohamad
Mohammed, who will arrive in Mukalla Sunday. During the conference, Malaysia’s experience in industrial development will be discussed as well as steps Yemen can take to take advantage of it .
Ten interactive sessions will be held during the conference. The meetings focus on the development of Yemeni industry, and trends in industrial development strategy and industrial infrastructure, and small and medium industries, finance and industrial investment. The closing meeting, which will be opened by the government, will display the recommendations of the conference, which will become a guiding document for the development of the industrial sector in Yemen.
Yemeni-Malaysian investment symposium to be organized
Dec 20, 2008
General Investment Authority (GIA) will organize next Saturday a Yemeni-Malaysian Symposium concerning investment in Yemen. GIA Chairman Salah al-Atar said that about 40 Malaysian companies would take part in the symposium that aims to introduce investment opportunities in Yemen to Malaysian businessmen in various sectors. Al-Atar pointed out that several papers would be presented during the symposium on the advantages and opportunities for investment in Yemen by GIA, Ministries of Industry and Trade, Public Works and Roads, Fisheries Wealth, Oil and Mineral, Tourism and Agriculture. A number of ministers, diplomats, Yemeni businessman and concerned bodies will participate in the symposium, he added.
Industry is Yemen’s Future
By: Faisal Darem, Dec 20, 2008
The “Industry … The Future of Yemen” conference will be held in Mukallah Hadhramaut from December 22-23, 2008, said Omar Bajarsh, Chairman of the Hadramout Chamber of Commerce and Industry. This conference is seeking to promote the slogan” Made in Yemen”, and will be organized by the Hadramout Chamber of Commerce and Industry, the Ministry of Industry and Trade and Yemeni Businessmen Club. He confirmed that all preparations for the conference have been concluded, in particular the accompanying exhibition of Yemeni products and Malaysian companies specialized in manufacturing. Bajarsh said more than 150 businessmen from outside of Yemen have confirmed their participation in the conference.
The conference’s goal is to search for strategic alternatives for the future of the Yemeni economy- particularly in the industrial sector. It will focus on preparing clear strategies for developing this sector as well as promoting industrial zones. Bajarsh said this conference will benefit from the experience of former Malaysian Prime Minister, Dr. Mahathir Mohammad who will be in attendance along with several other well-known Malaysian businessmen.
Malaysian experience in this field has converted the country from a developing and agricultural economy into an advanced industrial economy, Bajarsh said. He indicated that there were a number of similarities between Yemen and Malaysia before it became an advanced industrial economy. The outcome of the conference may create an industrial strategy, improve existing industrial legislation, and attract the attention of the government and private sector to this vital sector- especially due to its importance in development.
For his part, Minister of Industry and Trade, Yahya al-Mutawakel pointed to the importance of creating confidence in local products, especially in light of trade liberalization and competition. He noted that these are challenges for the industrial sector, and so it must become competitive and gain the confidence of consumers without the need for protection.
He said that this conference will review many of the problems and obstacles facing the growth of industries, and seek to identify policies and factors for developing this essential sector. The industrial sector formed 5.14 percent of gross domestic product (GDP), and accommodated 3 .8 percent of the total labor force by the end of last year, al-Mutawakel said.
From Yemen News Agency (Saba):
Yemen renews call for Malaysian investment
[20 December 2008]
SANA’A, Dec. 20 (Saba)- Prime Minister Ali Mujawar renewed called for Malaysian investments for promoting Yemen’s development. Opening the Yemeni-Malaysian symposium on investments held here on Saturday, Mujawar affirmed that Malaysian investments would get all support, care and facilitations via the one-stop-shop system. Mujawar, who described the Yemeni-Malaysian economic relations as historical, hoped setting joint investments in
Yemen and Malaysia. He noted that this symposium, organized by Yemeni Investment Authority, is a practical step for studying available investments opportunities. A number of Ministers and businessmen and representatives of more than 40 Malaysian companies attended the symposium. The symposium discussed a number of work papers presented by ministry of trade and industry, public works and roads, fishery wealth, oil and minerals, tourism and of agricultural and irrigation as well as by the General Investment Authority (GIA).
Chairman of GIA Salah al-Attar said the symposium would enhance and improve investment relations between Yemen and Malaysia. He considered it as a chance for Malaysian investors to know better environment investments in Yemen in different fields, namely in infrastructure. He indicated the government’s efforts in conditioning investment environment via taking a number of reforms including reviewing related laws, activating trade courts and promoting industrial zones in different governorates. He asserted that the GIA would focus on easing measures to investors.
For their part, Head of Malaysian Chamber Ali al-Attas and Malaysian ambassador in Sana’a Abdulsamad bin Othman affirmed that the symposium is a chance for Malaysian businessmen to acquaint themselves with available investment opportunities in Yemen. They would also know fields they want to invest in. They indicated that the Malaysian Government encourages investments in promising markets including Yemen and creating real trade partnership with Yemen. Then work session between businessmen from the two countries for studying setting up partnership between their two private sectors held.
Establishing Yemeni-Malaysian businessmen council significant: Premier says
[20 December 2008]
SANA’A, Dec. 20 (Saba) – Prime Minister Ali Mujawar emphasized on Saturday the significance of establishing a Yemeni-Malaysian businessmen council to coordinate economic efforts between both countries. During his meeting with the Malaysian Malay Chamber of Commerce’s President Ali al-Aattas, Mujawar highlighted the potential means for developing economic and investment partnership between Yemen and Malaysia.
The meeting also discussed ways to enhance cooperation relations in various services, productivity and investment sectors as well as increasing volume of future trade exchange between the two countries. The recent preparations for the Malaysian cultural festival in Yemen to be held in the 2nd half of 2009 were dealt with during the meeting. Al-Alattas made clear that the festival would be held yearly in both Sana’a and Kuala Lumpur. He talked about the Malaysian Chamber of Commerce’s plan to improve trade and investment relations between the two countries.
Yemeni, Malaysian Commerce Chambers to sign cooperation agreements
[18 December 2008]
SANA’A, Dec. 18 (Saba) – A number of cooperation agreements will be signed by both Yemeni and Malaysian Chambers of Commerce and Industry, Minister of Industry and Trade Yahya al-Mutawakel told the state-run 26sep.net. Al-Mutawakel said that on the sidelines of the conference of “Industry is Yemen’s Future”, to be kicked off in Mukalla city of Hadramout governorate next Monday, the government would sign an agreement with a Malaysian company to draw a strategy on the economic development in Yemen.
Al-Mutawakel added that the conference is a significant chance to highlight the government’s trends to activate the vital sector. Director General of Chamber of Commerce and Industry Badr Ba-Salmah at Hadramout told the website the Hadramout’s local authority would sign with Malaysian Chamber of Commerce and Industry an agreement to establish a five-star hotel in addition to another agreement to establish complex for fishing industries between Yemeni and Malaysian private sectors.
Head of Hadramout’s Chamber of Commerce and Industry Omar Ba-Jarsh final arrangements for the conference have been tied up, noting that on the sidelines of the conference several events, meetings and exhibitions would be held with a participation of 45 companies, 19 of which are Malaysian.
More than 600 participants from different from Qatar, Kuwait, Bahrain, Saudi Arabia, Jordan, Egypt, Britain, United States, South Africa, Malaysia, Indonesia and India will take part in the conference. It is expected that Former Malaysian Prime Minister Mahathir Mohamad, who will participate in the conference, is to arrive in Mukalla city next Sunday. Mohamad will hold several meetings with senior officials of the government and Yemeni businessmen. He will pay a visit to Aden Free Zone and will deliver a lecture in Aden University, according to the website.
PM welcomes Malaysian investments in Yemen
[17 December 2008]
SANA’A, Dec. 17 (Saba)-Prime Minister Ali Mujawar welcomed on Wednesday Malaysian investments in different sectors in Yemen. During his meeting with the Malaysian ambassador to Sana’a Abdul-Samad bin Othman, Mujawar highlighted Yemeni -Malaysian bilateral relations in field of economy and investment, welcoming the Malaysian investments in the country.
He pointed out to the coming seminar on Yemeni-Malaysian investment which will be staged in Sana’a next Saturday as well as significant participation of the Malaysian side in the conference of industries that will be held in Hadramout governorate next Monday. For his part, the Malaysian diplomat affirmed concern of Malaysia to boost its ties and cooperation with Yemen, pointing out to the support of his country for efforts of rebuilding affected areas in Hadramout and al-Maharah governorates, which were hit by flooding last October. He said that the Malaysian government allocated 100,000 dollar to support these efforts.