Handing over number of new investment sites in industrial zone in Hodeida

Economy, Industry and Investment Ministers, Engineer Moeen Al-Mahakri, and Finance, Abdul Jabbar Ahmed Mohammed, handed over sites for five new investment projects in the industrial zone in Hodeida in the food and steel industries field , with a total area estimated at 589,702 square meters. The two ministers, accompanied by Economy Ministry Undersecretary , Ayman al-Khalqi, and Hodeida Undersecretary Province, Mohammed Halisi, handed over the contracts to the investors, which include establishing a food industrial complex that includes grain silos, mills, biscuit factories, livestock feed, pasta and tomato paste, woven plastic bags, an oil and butter factory, an iron products factory, a plastic iron factory, and an expansion of a plastic iron factory. They pointed out the keenness to provide all facilities and overcome difficulties for investors. They pointed out that the new draft investment law, which is being finalized, will provide a package of facilities and incentives for national capital to invest i n various productive and industrial fields, create confidence , fruitful cooperation between the government , the private sector, present a positive and attractive image of the investment environment in Yemen. Undersecretary of Economy, Industry and Investment Ministry for the Industry Sector Al-Khalqi pointed out that handing over these sites to establish production projects reflects a serious government economic vision to raise the level of national industries and provide facilities for the private sector, in accordance with the leadership revolutionary directives , the Supreme Political Council, and the program of the government of change and construction. Economy, Industry and Investment Minister and the Finance Minister also visited a number of ongoing projects in the industrial zone, as well as factories that have started production, and praised the work pace and the achievement level in these projects. They emphasized that these projects will receive care and support to create an industrial renaissa nce that will raise the economic level of society and the national economy. Source: Yemen News Agency