From Yemen News Agency (Sabanews.net)
Four treaties, Memos signed in Mukalla conference
MUKALLA, Dec. 23 (Saba)- Four treaties and memos of understanding singed in the sideline of Industry Conference, Yemen Future concluded its activities here on Tuesday.
The first treaty, signed between Malaysian Chamber of Commerce and local authority in Hadramout for establishing complete tourist compound with initial cost estimated at $ 10 millions. The treaty was signed by Governor of Hadramout Salem al-Khanbashi and Chairman of Malaysian Chamber of Commerce Aidrus al-Attas.
Malaysian CM Company and al-Amqi Group for Trade and Investment signed the second treaty. The treaty stipulates on establishing the compound of fishery industries in Hadramout worth $ 2.5 millions.
Ministry of Industry and Trade and Malaysian Sirim Company signed memo of understanding for cooperation in setting up Yemeni development industry strategy. Deputy minister of industry and trade for development and investment sector Abdullah Abdul-Wali and Vice Chairman of Malaysian Sirm Company Asmadi Saeed signed the memo.
Hadramout Chamber of Commerce and Industry and Malaysian Chamber of Commerce signed the second memo of understanding.
Participants of Mukalla conference demand promoting industries
MUKALLA, Dec. 23 (Saba)- Participants in the Industry Conference, Yemen’s Future recommended setting up development strategy for promoting national industries.
The recommendations, the conference came out with, suggested creating funding pocket for industrial investments, especially small and middle-sized industries. This also included participation of all private banks and reducing profits on loans granted to agricultural activities. They affirmed carrying out made in Yemen program and preparing studies on effects of international industrial changes.
The recommendations asserted on enhancing partnership relations between the government and the private sector and working on developing them and setting up joint strategy for following up carrying out the conference’s recommendations.
They stressed necessity of working on revising related laws and by-laws for updating and improving them.
The recommendation argued concerned bodies to prepare geological studies to resources and rocks and making these studies available to those who intend to invest in this field.
The recommendations affirmed necessity of preparing initial studies to promising industrial studies; especially those depend on local materials and making them available investors.
They also affirmed importance of revising banking policies, formal and private. They included giving real incentives for investments in industrial sector. Customs and taxis exemptions are the basis of these incentives.
Participants had held two work sessions. The first session dealt with a number of successful international experiences in field of industrial development presented by Malaysian Siram Company, Al-Arabi Group and Salalah Free Zone in Oman.
While the second session included factors of enhancing contest of national industries followed by a number of comments made by Secretary General of Yemeni Manufacturers, Hudeidah Commercial and Industrial Chamber and the Technical Organization of the Supreme Council for Developing Industries.
From Yemen Observer:
Establishing Yemeni-Malaysian businessmen council significant: Premier says
By: Faisal Darem, Dec 23, 2008
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 Malay Chamber of Commerce’s President Ali al-Aattas, Mujawar highlighted the potential means of developing the economic and investment partnership between Yemen and Malaysia.
The meeting also discussed ways of enhancing cooperation in various services, productive and investment sectors as well as increasing the volume of future trade between the two countries. The recent preparations for the Malaysian cultural festival in Yemen, to be held in the 2nd half of 2009, were addressed during the meeting. Al-Alattas made clear that the festival would be held yearly in both Sana’a and Kuala Lumpur.
He discussed the Malaysian Chamber of Commerce’s plan to improve trade and investment between the two countries.
iifexpress