The General Investment Authority Launches 35 Initiatives to Implement the Government of Change and Development Program
Investment Magazine / Special Report
The General Investment Authority praised the programs and policies outlined in the Government of Change and Development, led by Prime Minister Ahmed Ghaleb Al-Rahwi, Chairman of the Authority’s Board of Directors, aimed at enhancing investment.
The Authority revealed that its plan to implement the government’s program includes 35 initiatives designed to meet the goals of change and development, aimed at improving the investment climate, developing infrastructure, stimulating public-private partnerships, attracting local and international investments, and achieving sustainable development.
In this context, Yasser Abdul Karim Al-Mansour, Chairman of the Authority, said, "These initiatives focus on making tangible progress in the investment environment, contributing to the success of the program's pillars to establish a real economy primarily reliant on local resources and investment potentials for development and construction."
According to Al-Mansour, the initiative of a sector-specific investment opportunity portfolio tops the Authority’s agenda. It represents a ready-made investment portfolio that meets the requirements of the Stock Market Project Program in compliance with Islamic law as part of the transition towards a real economy. He added, "There is also the initiative of productive communities in the governorates to localize national industries, support and protect local products, and provide them with the necessary incentives."
Another unique initiative is the One-Stop Service Center (Operational Guides + Standard Structure and Job Descriptions for Service Centers, Service Manual, Fees, and Completion Time). The center will meet the requirements of the institutional and organizational framework enhancement clause, boosting performance, improving processes, and developing services.
The General Investment Authority plays an active role in implementing the Government of Change and Development’s 2024 program through several strategic and innovative initiatives, including:
Legal Survey and Investment Law Update
The Law Overlap Cards Initiative under the "Market Entry" system addresses urgent legal survey requirements to identify overlaps and contradictions between laws or with their technical regulations under the administrative development and institutional reform axis.
In a related context, the Authority has the initiative to update the "Investment Law Project," which aligns with the current phase's requirements and drives investment activity. It encourages national and foreign capital to support the national economy, attract expatriates' savings, and bring in foreign capital under government targets and regulations.
To implement the program related to activating the relationship with the House of Representatives to finalize constitutional procedures for ratifying all referred laws, amendments, and agreements, the Authority has initiated funding for a Conference Hall and Media Center as a platform to launch a set of economic laws.
Agriculture, Water, and Daily Opportunities
To fulfill the agricultural and industrial directives in the government's programs, ensuring integrated management of local products and prioritizing development companies, the Authority has launched the Agricultural-Industrial Program.
In agriculture, the Authority also initiated a project to support seasonal exhibitions and partnerships with the Ministry of Agriculture and Fisheries. This initiative focuses on the pivotal role of agriculture and aims to organize its activities and develop a marketing system that accommodates agricultural production diversity.
Additionally, the Authority has promotional programs titled "Daily Opportunity" with 70 episodes, 30 of which will air during Ramadan and the remaining 40 weekly for 40 weeks, offering successful models to stimulate and develop the community economy.
International Indicators
The Authority has initiatives related to forming a national team to work on international indicators, such as the Business Readiness Index , aimed at improving the business environment and enhancing transparency. This will help create an attractive investment climate and develop promotional programs for industrial and developmental zones.
The Tourism Investment Opportunities Conference (at the central and governorate levels) is another initiative in this regard.
In the context of internal and external policies, the Authority has an initiative to hold virtual events breaking the blockade titled "Opportunities Forums and Conferences" with Yemeni expatriates abroad. It also has an initiative under the justice and human rights axis to study the Economic Courts Law project.
Real Estate Preparation and Development
The Authority has an initiative focusing on evaluating the quality of sites identified by the General Authority for Land, Survey, and Urban Planning for investment opportunities. This includes financing the placement of signs and guideboards at the sites, contributing to the improvement of the real estate registration system to enhance the investment environment in real estate development projects.
Regarding the general housing strategy in the public services and infrastructure axis, the Authority has an initiative to complete the allocation of investment opportunities and suitable sites for residential cities and related opportunities.
Educational Development at All Levels
To meet the requirements of expanding enrollment in universities, community colleges, and accredited vocational and technical education institutes, the Authority is proposing two initiatives focused on investment opportunities in private universities .
Additionally, to enhance national content, national cloud services, artificial intelligence, and the Internet of Things (IoT), the Authority has two initiatives focused on preparing investment opportunities for service platforms in collaboration with the Ministry of Communications and Information Technology (including "Your Competitor and Its Alternatives, if Any").
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