SABA - Yemen news agency

Print date: 20-11-2018
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Opportunities to raise foreign investment in Yemen discussed

WASHINGTON, Nov.18(Saba)- Yemen and the World Bank (WB) discussed on Tuesday opportunities to raise the foreign investment level in Yemen via the Multilateral Investment Guarantee Agency (MIGA) activities .

Minister of Planning and International Cooperation Dr. Mohamed al-Maitami met, at the headquarters of the WB Group in Washington, with Executive Vice President
and Chief Executive Officer of MIGA Keiko Honda, on the sidelines of Yemen's participation in the conference on addressing the challenges facing the private sector in promoting economic growth and sustainable development in Yemen, which is organized by the UNDP Office in coordination with the Center for International Private Enterprise in Washington during November 17- 19, 2014.

Honda presented ways to ensure attracting of capitals in order to support the Government's vision aimed at achieving the desired economic growth and contributing to the promotion of sustainable development.

She expressed the agency readiness to secure investments in Yemen so as to give positive indicators to capitals to move towards investment in this country during the political transitional phase.

For his part, Dr. al-Maitami hailed the WB's efforts to support the developmental areas in Yemen, noting that the foreign investments and attracting Yemeni capitals abroad would enhance the opportunities of the national economy development in order to reach the sustainable development.

He welcomed the MIGA's initiative in strengthening the private sector's confidence in investing in Yemen during this critical period, pointing to the Agency's advantages in alleviating the burden and cost of external borrowing for investors and the private sector.

In the meeting, the minister al-Maitami reviewed the government investment priority for the time being, especially in the electricity sector.