almotamar.net - President Ali Abdullah Saleh confirmed Sunday Yemen's preparedness to revise laws related to investment saying " We are ready to reconsider the laws related to investment, among them those of customs and taxes in the light of investors' remarks in order to remove impediments of investment."

The president affirmed the political leadership and the government and the state will always encourage local, Arab and foreign investments and give them all care and interest and grant them all faculties in accordance with the investment law that provides facilities, care and guarantees to investors. He announced Yemen's welcoming investment in electric power with gas and nuclear energy as well as in the field of water desalination for meeting the capital Sana'a and Taiz's needs of water. The president said the state will buy energy from investors via the establishment of electricity and waters, and welcoming investments in areas of oil and minerals, cement, agriculture, fish wealth, communications and roads, tourism, light, medium and heavy conversion industries, as well as the areas of health, building residential towns for those of limited income and commercial and tourist investment.
The president affirmed Yemen's keenness to found real partnership with its brothers and friends based on achieving common interests. He confirmed in the next stage there will be concentration on offering facilities to investors and removal of hindrances before them and simplification of procedures through only the Public Authority for Investment. He announced that the Public Authority for Lands is among the Public authority of Investment that would possess powers for overcoming difficulties for investors and offering plots of land in return for encouraging prices.

The president said the file of investment is to receive big care and attention from the political leadership and the government and the prime minister is the chairman of the board of directors of the public authority for investment. He said that no government establishment or ministry will have the right to interfere in this matter. He indicated that investment will result in providing job opportunities for all the citizens of Yemen. The facilities offered to the investors will dictate on them to begin implementation of their projects within a period of three months and at most six months and lands will remain in the hands of only the serious investors.

President Saleh reaffirmed Yemen's keenness on enhancing relations of cooperation and partnership with all brethren and friends especially the brethren in the GCC states. He considered holding the investment conference in Yemen as another practical step after the success of the donor conference held in London last November. The president called on businessmen and investors taking part in the conference to hold transparent dialogue with the concerned ministers particularly those who have investment orientations in Yemen in the manner enabling them to have comprehensive knowledge on all aspects of investment in Yemen.

President Saleh has Sunday opened meetings of the Exploration of Investment Opportunities in Yemen organized by the government in cooperation with the general secretariat of the GCC.