Investment Magazine – Exclusive
The General Investment Authority (GIA), in collaboration with the Expatriate Affairs Sector at the Ministry of Foreign Affairs, held its first-ever virtual meeting via Zoom with representatives of Yemeni communities worldwide. The event aimed to introduce the new Investment Law No. (3) of 2025, which offers unprecedented incentives for expatriates to encourage investment in Yemen.
In his opening remarks, Minister of Economy, Industry, and Investment, Eng. Maeen Al-Mahaqari, emphasized that the new law marks a significant shift in the state’s approach to investors. He highlighted that the law grants expatriates investment priority, alongside tax exemptions, a 2% export incentive, and protection for local products through import regulations. He also stressed the importance of utilizing local resources to bridge the gap between imports and domestic production.
For his part, Minister of Foreign Affairs and Expatriates, Jamal Amer, reaffirmed the government's commitment to eliminating obstacles for expatriate investors in coordination with relevant authorities. He noted that this meeting is the first in a series of specialized discussions aimed at fostering a more investor-friendly environment.
Similarly, Yasser Al-Mansour, Chairman of the GIA, emphasized that the new law opens vast investment opportunities for expatriates, particularly in industries with a competitive advantage, such as food and consumer goods manufacturing. He stated that the GIA will provide investors with feasibility studies, investment opportunity lists, and project registration facilitation. He further noted that this initiative represents the beginning of a new generation of expatriate entrepreneurs.
Meanwhile, Ali Al-Hadi, Chairman of the Chamber of Commerce and Industry in Sana’a, pointed out that the law was developed in full coordination with the private sector and is the first legislation to offer incentives across all sectors. He urged expatriates to seize this unprecedented investment opportunity.
Following the screening of a documentary titled Investment Law 2025: Yemen’s New Vision for Investment, an open discussion was held with community representatives and expatriates, moderated by Eng. Mohammed Al-Farazai, Head of Projects Sector at GIA and Acting Head of Investment Promotion, along with Ahmed Al-Imad, Deputy Minister of Foreign Affairs. The discussion included a Q&A session to address participants' inquiries, reinforcing the government’s commitment to attracting investment and driving economic development in Yemen.
The meeting was attended by Ahmed Shamakh, a member of the Shura Council, Ahmed Abdu Qaed, Deputy Minister for Expatriate Affairs, and Mahasin Al-Hawati, Assistant Deputy for Expatriate Affairs, along with representatives from Yemeni communities in Malaysia, the UK, the US, Sweden, Canada, and Belgium
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