The “Investment Conference” started off in Hodeida province, in the presence of a number of Sana’a government ministers and businessmen, as it is considered the “largest industrial area in Yemen.” It aims to reduce the import bill, transfer and localize technology, and increase local production and exports.
Chairman of the General Investment Authority, Yasser Al-Mansour, said that the conference “provides an integrated industrial structure and 100 investment opportunities in seven economic sectors” and more than 11,000 job opportunities at a total cost of $785 million on a total area of 1.8 million square meters within the framework of the industrial zone.”
He explained that the number of investment requests in the industrial zone amounted to 35, they were approved and 17 sites were allocated for investment projects of these, 15 projects were signed with privatization contracts.
The Minister of Industry and Trade in Sana’a government, Abdul Wahab Al-Durra, said that the industrial zone is equipped to establish food projects, animal and fish production and textile industries, mining, building materials and metallurgical industries, considering that the industrial zone in Hodeida is the largest industrial zone in the Republic of Yemen, and its lands will be distributed according to the required industries.
During the inauguration, the governor of Hodeida in Sana’a government, Muhammad Qahim, pointed out that “20 contracts were signed for a number of vital projects with businessmen.” He pointed out that “the industrial zone covers an area of 42 square kilometers and mediates three international ports, facilitating the import and export process.”
