almotamar.net - Yemen Prime Minister Abdulqader Bajammal Wednesday said qualification of family companies in a developed economic administration is a major factor for their survival and growth and confirmation of their positive impact on the economic reality provided they get rid of the concept of individual administration and emotional tendencies in managing those companies. He said that has negative impact on development of capitalist mentality based on multi-partnership that develops those companies.

In his lecture he delivered at the family companies conference held in Sana'a Wednesday with participation of more than 200 Yemeni, Arab and foreign business personalities the prime minister warned against the narrow individual social dimension in running family firms that affects the possibility of capitalist launch and its positive role in the national reality.

Bajammal added there are major conditions for the growth of family firms to guarantee continuation pf their activities. Among that a pure economic administration, an internal law guarantees solving the disputes arising between the owners and cancellation of any privileges regarding the proprietor family.