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Yasser Abdul Karim Al-Mansour
President of the General Investment Authority
The General Investment Authority is currently playing a more profound role in the investment mechanisms in our country, thanks to the new structure that made it at the top of the pyramid in the economic construction of Yemen through the Ministry of Economy, Industry and Investment.
This integration with the economy and industry makes investment and investors the priority for building and this will be the new starting point for GAFI in innovative ways.
In the model currently adopted by the Authority, there is an emergence of development in the management of investment activity in Yemen, which will be based on work and outputs together, which is in line with international standards according to a harmonious plan in which inputs are intertwined to produce an indicator that measures growth digitally.
KDIPA's model, which it is currently working on, is based on four main functions: building a positive image and policy advocacy, generating investment, facilitating investment and building in accordance with a clear investment policy.
By diving into the model, we find that each function has multiple pillars that are intertwined and united to produce outputs in favor of building and development in Yemen by relying on local materials, whether agricultural or extractive, which makes it the main pillar of industrial and service transformation, which is expected to achieve sufficiency, prosperity, and sustainable economic growth.
In the policy advocacy function, laws are currently being initiated as part of a five-priority process: The first includes investment principles, the second is the market entry system, the third is the incentives and benefits system, and the fourth is the dispute resolution system.
In the studies and data pillar, there are six tracks: databases, best practices, investment gap studies, feasibility studies, investment environment risks, and competition.
The third is advocacy, which includes positive image and includes competitive indicators, public relations, regional centers for companies, success stories, and investment culture.
Investment generation, which is the most important function, includes three operational sectors: industrial zones, opportunity inventory, and promotion. Since each has multiple activities, the Authority's efforts are based on accelerating the pace.
In economic zones, the Authority has six tracks: stock market, centralized zones, local zones, incubators and accelerators, internal markets, and exports.
In the inventory of opportunities, there is a breakthrough that has enabled the Authority to build and identify infrastructure opportunities, regional competitiveness opportunities, locations with competitive advantages, and additional incentive policies.
The promotion that KDIPA works on daily includes promotion channels, events, the National Promotion Network, political economy, and promotional and activation campaigns.
While KDIPA's investment facilitation function includes facilitation, single window, and aftercare, the area of facilitation includes financial and tax consultations, legal consultations, site visits, support for recommending foreign partnerships, and reference systems and regulations for partnerships.
Single Window
According to the functional analysis of this window, the model specifies that it performs a series of services including incorporation and permits, governorate operating services, port operating services, district operating services, and dispute resolution services.
Aftercare includes support and complaint handling, export marketing, energy cost optimization support, local content substitution support, and care for stalled projects.
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