Yemen’s Minister of Industry and Trade expresses interest in leveraging Egypt’s experience in trade and investment.
Yemen Seeks to Leverage Egyptian Experience in Trade and Investment
Cairo Event Highlights Economic Collaboration
Yemen’s Minister of Industry and Trade, Mohammed Al-Ashoul, expressed the country’s eagerness to learn from Egypt’s successful experiences in trade, industry, and investment. During an event held today in Cairo, he emphasized the importance of adapting these experiences to Yemen’s unique circumstances and challenges. The ultimate goal is to achieve sustainable development and contribute to the rebuilding of Yemen’s economy.
Strengthening Bilateral Relations
Al-Ashoul praised the support that Yemeni businessmen receive in Egypt. He highlighted the vital role this support plays in promoting Yemen’s unity and stability. This assistance reflects the deep historical and fraternal ties between the two nations.
Investment Opportunities Discussed
The event brought together Egyptian officials and Yemeni and Egyptian businessmen to discuss various economic and trade issues. One key topic was the invitation for Egyptian companies to resume their investment activities in Yemen. Specific areas of interest include engineering consultancy, contracting, and oil services. The aim is for these companies to take a leading role in the reconstruction efforts following the establishment of peace.
Focus on Economic Reforms and Trade Facilitation
Participants also addressed the conditions facing Yemeni investors residing in Egypt. They discussed ways to enhance economic, investment, and trade relations. The conversation underscored the importance of drawing from Egypt’s pioneering experience in economic reform and manufacturing. With Yemen striving to develop effective economic policies, these insights are crucial for overcoming current challenges.
In conclusion, the event marked a significant step towards deeper economic collaboration between Yemen and Egypt, aiming to foster a robust partnership that benefits both nations.
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