The Government of Change and Construction launched on Saturday the implementation of the new investment law for the year 2025 – 1446 AH.
In the inauguration ceremony, Prime Minister Ahmed Ghaleb Al-Rahwi stated that the new investment law gave those who use transformative industries exemptions and privileges in light of the governance of work in this field and others.
Al-Rahwi emphasized the importance of community awareness in implementing the law, urging the need for collective efforts for local development as a pillar of present and future hope.
For his part, Minister of Economy, Industry, and Investment, Moeen Al-Mahaqri, explained that the investment law is one of the fruits of the economic stimulus programs, as all government programs are an extension of this program, which includes 14 major projects.
Al-Mahqari pointed out that the investment law aims to improve the investment environment, attract local and foreign investments, localize and support local industries, including energy projects. He also stressed that launching many services and electronic portals in ministries and entities concerned with investment is part of the economic stimulus programs.
For his part, the Minister of Finance, Abdul Jabbar Al-Jarmouzi, described the investment law as a strong start to enhance investment activity in Yemen. He announced the adoption of privileges and incentives as a first step to activate the law.
Al-Jarmouzi added that partnership with the private sector is essential in construction and development operations, stressing the importance of national capital as a strategic partner in implementing major projects.
Minister of Agriculture, Fisheries, and Water Resources Radwan Al-Rubai stressed the importance of the law in its comprehensiveness for all sectors and the necessity of its implementation and evaluation.
In turn, Chairman of the General Investment Authority Yasser Al-Mansour explained that the investment law in Yemen came as a result of accumulated experiences over three decades, with a significant contribution from the private sector and in partnership with the Ministry of Finance, and aims to address investment problems through multiple versions.
Vice President of the Federation of Chambers of Commerce Mohamed Salah said that the investment law will contribute to achieving sustainable economic development and creating job opportunities.
