The Prime Minister emphasizes the government’s commitment to enhancing the Investment Authority’s performance and procedures to attract investors.
Government Prioritizes Investment Enhancement
Prime Minister Salem Saleh bin Brek emphasized the government’s commitment to activating the performance of the General Investment Authority. He aims to improve procedures that attract both local and foreign investments. The government seeks to provide essential services to investors, helping them take advantage of available incentives and exemptions.
Meeting Highlights
During a meeting in the temporary capital of Aden on Thursday, Prime Minister bin Brek convened with Acting Head of the General Investment Authority, Engineer Ali Jarhum, and Head of Customs, Dr. Abdulhakim Al-Qabati. They discussed the authority’s activities, plans to enhance its role, and preparations for an investment conference scheduled for the end of this year in Aden.
Economic Stability and Investment
The Prime Minister noted that effective reforms have positively impacted the national currency’s exchange rate and achieved a satisfactory level of economic stability. However, he stressed that advancing investment initiatives is crucial. The government prioritizes creating a conducive environment for both national and foreign investments to leverage promising sectors and opportunities.
Creating a Favorable Investment Climate
The government is dedicated to ensuring an attractive investment environment. This includes addressing challenges faced by investors and easing obstacles in their path. Prime Minister bin Brek directed the Investment Authority to prepare a comprehensive report on investments over the past two years. This report should outline opportunities, promising sectors, and the challenges investors encounter, along with proposed solutions.
Conclusion
The meeting also included Deputy Minister of Finance Hani Wahab. The government’s proactive approach aims to foster a robust investment landscape, ultimately driving economic growth and stability in the region.
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