Sana'a:A meeting chaired by the Acting Minister of Economy, Industry, and Investment, Sam Al-Bashiri, has approved an executive plan for joint priority projects to be carried out by the Ministry, relevant entities, the private sector, and the Public-Private Partnership (PPP) Development Committee during the year 1448 AH.
According to Yemen News Agency, the Deputy Minister of Economy for the Policy, Studies, and Economic Planning Sector, Fuad Al-Junaid, presented a framework matrix that details urgent priority projects, their implementation mechanisms, and key objectives aimed at enhancing government-private sector relations and stimulating investment.
The Acting Minister of Economy explained that the matrix focuses on improving the investment climate by involving the private sector and key stakeholders in reviewing current conditions, identifying operational challenges, and developing effective solutions. This initiative aims to overcome obstacles facing investors, boost local production, and solidify strategic partnerships with the business community. Al-Bashiri emphasized the necessity of executing the plan according to a structured timetable.
He further highlighted the importance of resolving challenges unique to family-owned businesses, advocating for their transition into formal corporate structures to ensure the long-term sustainability of their economic activities.
The meeting was attended by several key figures, including the Deputy Minister of Economy for Industry and Economic Cities, Eng. Sami Maqbuli; Vice Chairman of the Capital Secretariat Chamber of Commerce and Industry, Mohammed Mohammed Salah; Director General of the Federation of Yemen Chambers of Commerce and Industry, Mohammed Qafla; and PPP Development Committee representative, Abdul-Fattah Al-Kebsi. They stressed establishing a joint framework to streamline the business environment, with primary objectives including directing national capital into local production, offering investor guarantees, enhancing institutional capacity across both sectors, and revitalizing the role of the Federation and local chambers of commerce nationwide.
