Dhamar: An introductory workshop was held today in Dhamar Governorate on the investment environment for small projects and the investment incentives provided by the 2025 Investment Law.
According to Yemen News Agency, the workshop, organized by the National Committee for Women in partnership with the General Investment Authority, is being conducted over three days. It receives funding from the General Authority for the Development of Small and Micro Projects and forms part of the First Forum for Empowering and Developing Small Projects in Dhamar Governorate. The workshop sees participation from representatives of 20 small and micro projects within the governorate.
The workshop, attended by the Governorate Undersecretary Mahmoud Al-Jabin, reviewed the advantages and opportunities included in the Investment Law that contribute to enhancing the community economy. It aims to achieve self-sufficiency and localize industries and crafts, reduce the import bill, and ultimately strengthen the national economy.
The workshop, moderated by the director of the Investment Authority branch, Mohammed Rawiyah, and the head of the National Committee for Women branch in Dhamar, Dr. Ashwaq Al-Mahdi, addressed several themes. These themes highlight incentives and advantages within the new Investment Law and its executive regulations that encourage investment and production. They focus on creating an attractive and stimulating investment environment and contributing to building a diversified and sustainable national economy.
The workshop's themes addressed the advantages and exemptions granted by the Investment Law to small and micro projects. These advantages include projects related to local production requirements, translating efforts aimed at increasing local production to achieve self-sufficiency, and setting controls to protect local production, develop exports, and improve the balance of payments.
The themes reviewed the most prominent incentives provided by the Law, which include full exemption from prescribed customs and tax fees, exemption from customs fees on production inputs throughout the project's life, and exemption from government fees for licenses, approvals, and permits related to the establishment and operation of the project.
They also reviewed the Law's incentives, such as exemption from various types of income stamps throughout the project's life, starting from the date of commencement of production or activity. The incentives include free use of state-owned lands throughout the project's life for projects established on them, enhancing opportunities for economic growth by expanding the base of local production.
The participants, owners of small projects, presented presentations on their experiences and the knowledge and skills they received in aspects of preparing the integrated visual identity for projects, packaging local products, developing projects, and improving the presence of their products in the market.
