almotamar.net - SANAA- Director-General of Chambers of Commerce and Industry of Yemen Dr. Mohammed Abdulwahid al-Maytamy has expected that the conference on exploring investment opportunities in Yemen, due to be held in Sana�a the beginning of next February, to attract around $ 5-7 billion worth of Arab and foreign investments.

Dr al-Maytamy who has chaired the Yemeni side to the preparatory committee of the conference said in a statement to the Yemeni news agency that the conference aims at attracting investments to various economic sectors in Yemen particularly from the GCC states. He has drawn the attention that Yemen has a long list of available investment opportunities in many economic sectors as well unique opportunities that could attract various capitals.
He has also pointed out that by the end of this month there will be a workshop to study and discuss a group of measures the government is preparing for dealing with some shortcomings in the investment climate and engagement of the private sector to improve the investment environment.
Dr al-Maytamy affirmed the importance that next plans have to focus on conversion industries by giving them priority as they are the groundwork in employment and achievement of the economic structure especially that their contribution at present does not exceed 8% compared to strategic industries which contribute by 16%, adding that the present Yemeni government tendency is towards consolidation of the project of industrial development by building industrial zones in Aden, Huddeida and Hadramout that are distinguished by their strategic nature and geographical position and their closeness to exportation areas.