SABA - Yemen news agency

Print date: 19-11-2018
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GIA denies withdrawal of Arab, Foreign investments from Yemen

SANA'A, Feb. 16 (Saba) - The General Investment Authority (GIA) on Monday denied the false news of the withdrawal of Arab and Foreign investments from Yemen due to the current situation.

GIA Chairman Yahya Mohsen stressed that investments have increased in 2014. "Despite the current situation in the country, the GIA has registered 104 investment projects in 2014 at a total cost of YR 176 billion with a capital increase reached 134% compared to 2013."

"Such news is baseless", GIA Chairman Yahya Mohsen said, urging all media outlets to be accurate and adhere to professionalism ethics and not to employ the economic affairs for political purposes.

He expressed the GIA's readiness to provide any investment data or information for journalists to clarify the true picture of the economic situation in Yemen.