Investment Magazine/Exclusive
Within the framework of strengthening the partnership between the private sector of farmers and investors and implementing this direction, the first center specialized in assembling, sorting and packing mangoes in the Beit Al-Faqih district was announced in Hodeidah Governorate. The center aims to improve mango processing operations in accordance with quality standards and international market requirements, which contributes to the development of the mango industry.
According to the Yemeni News Agency (Saba), this step comes as part of the efforts to develop local mango production, with the competent authorities committed to providing the necessary facilities to support this agricultural sector. The partnership between farmers and private investors is also being promoted through the Beit al-Faqih Cooperative Association, which plays a key role in organizing agricultural work and developing local products.
Localizing Industries and Promoting Local Production
The launch of the center coincides with the Ministry of Economy, Industry and Investment and the General Authority for Investment (GAFI), which recently announced decisions to ban the import of certain food products such as roti, burgers, croissants, and ready-made baked goods, with the aim of encouraging local industries.
In another move, the domestic gas cylinder industry will be fully localized as of April 1, with a plan to produce 300k cylinders per year and stop imports altogether. This includes the rehabilitation of 300k cylinders through regular maintenance programs, reducing dependence on imported products and creating new job opportunities.
The cost of the agreement to localize the cylinder industry is estimated at 6.5 billion Yemeni riyals annually, as part of a broader strategy to support the industrial sector. The program also includes the localization of other industries such as cement, as the government asserts that these steps will contribute to boosting local production, reducing the import bill, and creating new job opportunities.
Additional measures to protect local products
As part of its plans to localize industries, the Ministry of Economy, Industry and Investment announced that it is considering decisions to localize around 20 new local goods, while taking measures to protect them and enhance their competitiveness. The ministry had previously banned the import of flour and clinker for the cement industry to the land and sea ports of Hodeidah and Saleef, after achieving self-sufficiency in their production.
These decisions come as part of a broader vision to support the national economy, as a number of local products have already been replaced by imported ones, such as juices and sauces, in a move aimed at protecting the national industry and stimulating economic growth.
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