almotamar.net - (MENAFN - Kuwait News Agency (KUNA)) The Federation of GCC Chambers (FGCCC) will take part in the Yemen Investment Conference scheduled for April 22-23 under the auspices of Yemeni President Ali Abdullah Saleh.

FGCCC Secretary General Abdulraheem Naqi told KUNA Wednesday, the Federation is responsible for creating and taking advantage of investment opportunities within its members and Yemen.

The Federation's representative economic advisor at the Secretariat Abdulatif Al-Migrin will present a working paper on "investments between Yemen and the GCC," he added.

The trade volume between the group and Yemen has increased in the years between 1995-2005 to reach USD 539 million of GCC investments in Yemen, and USD 418 million of Yemeni investments in the GCC, Naqi said.

Most of that money, both ways, is between Saudi Arabia and Yemen. The Kingdom's shares in Yemeni investments make up 86 percent of total GCC investment and 70 percent of Yemeni investments in the GCC are in Saudi Arabia.

The conference will discuss exploring investment opportunities in Yemen and investing regulations and laws