Investment Magazine – Exclusive
Under the slogan "Investing in Yemen... A New Vision," the Ministry of Economy, Industry, and Investment, in collaboration with the General Investment Authority, launched the practical implementation of the 2025 Investment Law in Al-Hodeidah Governorate. This initiative aligns with a new vision aimed at enhancing the business environment and stimulating investments.
During the opening ceremony, Minister of Economy, Industry, and Investment, Engineer Maeen Al-Mahaqari, emphasized that selecting Al-Hodeidah for the law’s practical implementation reflects its economic significance and strategic location. He highlighted the governorate’s promising investment potential, positioning it as the investment capital of Yemen.
Al-Mahaqari stated that the 2025 Investment Law is the outcome of a public-private partnership and a key initiative under the Government of Change and Development program. The law marks a fundamental shift in the state’s economic approach, focusing on investment stimulation and private sector empowerment.
He further explained that alongside implementing the law, the ministry is launching a product localization program to promote national food security by localizing the production of 17 food commodities. Additionally, an economic empowerment program will be introduced to support local industries, including clothing, dairy, and leather goods, with a strong emphasis on youth training and economic empowerment.
The minister also unveiled the ministry’s digital transformation plans. By the upcoming Ramadan, all transactions will be processed through the electronic portal, which will offer 57 digital services. Moreover, a unified customs window will be launched to streamline procedures for investors.
Minister of Transport and Public Works, Mohammed Qaheem, highlighted that the 2025 Investment Law represents a qualitative leap in the investment environment, providing incentives and facilities that meet investors' aspirations. He stressed the importance of joint efforts between sectors to ensure the law’s successful implementation and economic development.
Qaheem also noted that improving the investment climate requires integration between public and private sectors, with a focus on facilitating procedures and creating a favorable environment for investors. He affirmed that Al-Hodeidah possesses significant investment capabilities that should be harnessed to drive development.
For his part, the Chairman of the General Investment Authority, Yasser Abdulkarim Al-Mansour, stated that the practical implementation phase in the governorates marks the second stage following the official launch in the capital, Sana’a. He affirmed the Authority’s commitment to translating the law’s incentives and guarantees into practical measures that benefit investors.
Al-Mansour pointed out that the announcement of the 2025 Investment Law has led to a significant increase in new investment project registrations, with Al-Hodeidah emerging as a prime investment destination, demonstrating its appeal to capital and capacity to attract major projects.
He further emphasized that the new law aims to enhance the business environment and strengthen public-private partnerships by providing unprecedented investment incentives that support small and medium enterprises (SMEs) and boost the competitiveness of the national economy.
The event also showcased successful investment projects in Al-Hodeidah, including a local dairy production initiative, which has achieved a daily output of 130,000 liters—an example of the governorate’s potential as a model for successful investments in Yemen.
During the event, officials and investors encouraged stakeholders to seize the opportunities provided by the 2025 Investment Law. They affirmed that the General Investment Authority and local authorities are committed to offering all necessary facilities to ensure the success of investment projects, which will, in turn, stimulate the local economy and create new job opportunities.
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