MUKALLA, Dec. 23 (Saba)- Participants in the Industry Conference, Yemen's Future recommended setting up development strategy for promoting national industries.

The recommendations, the conference came out with, suggested creating funding pocket for industrial investments, especially small and middle-sized industries. This also included participation of all private banks and reducing profits on loans granted to agricultural activities. They affirmed carrying out made in Yemen program and preparing studies on effects of international industrial changes.

The recommendations asserted on enhancing partnership relations between the government and the private sector and working on developing them and setting up joint strategy for following up carrying out the conference's recommendations.

They stressed necessity of working on revising related laws and by-laws for updating and improving them.

The recommendation argued concerned bodies to prepare geological studies to resources and rocks and making these studies available to those who intend to invest in this field.

The recommendations affirmed necessity of preparing initial studies to promising industrial studies; especially those depend on local materials and making them available investors.

They also affirmed importance of revising banking policies, formal and private. They included giving real incentives for investments in industrial sector. Customs and taxis exemptions are the basis of these incentives.

Participants had held two work sessions. The first session dealt with a number of successful international experiences in field of industrial development presented by Malaysian Siram Company, Al-Arabi Group and Salalah Free Zone in Oman.

While the second session included factors of enhancing contest of national industries followed by a number of comments made by Secretary General of Yemeni Manufacturers, Hudeidah Commercial and Industrial Chamber and the Technical Organization of the Supreme Council for Developing Industries.

MA