Sana'a: Parliament Speaker Yahya Ali Al-Ra'i met with Mohammed Salah, Vice President of the General Federation of Chambers of Commerce and Industry, along with various businessmen and chamber representatives. The discussion centered on the vital role of these groups in fostering development amidst the ongoing challenges in Yemen due to aggression and blockade.
According to Yemen News Agency, the meeting highlighted the efforts necessary to advance the commercial and production sectors despite the current difficulties. The Vice President of the Federation and the businessmen outlined the need for incentives and facilities to support traders and investors, given the weakened purchasing power. They stressed the importance of addressing challenges in the industrial and commercial sectors by providing essential facilities for national capital, which has shown resilience under adverse conditions.
The attendees underscored the need for unified efforts to encourage investment, prevent monopolies, and foster a conducive environment for new projects. This includes developing national industries, reviving stalled projects, and boosting local production inputs. Partnerships between the private sector and government sectors were highlighted as crucial for strengthening the national economy against external conspiracies.
Yahya Ali Al-Ra'i emphasized cooperation among government, public, and mixed sectors to create an attractive investment environment, contributing to sustainable economic development. He noted the Investment Law's focus on enhancing local production and providing incentives and protections for investors. The Speaker expressed optimism that the private sector would enhance its role in improving the economic landscape and supporting development sectors reliant on local inputs.
The Vice President of the General Federation of Chambers of Commerce appreciated the support from the Speaker and Parliament members, acknowledging their understanding of the investors' challenges. He reiterated the importance of partnerships and addressing the country's weakened purchasing power due to the ongoing aggression and blockade.