Investment Authority discusses strategies for 4 promising sectors development

SANAA, Dec. 1 (YPA) – The General Investment Authority on Sunday discussed during a meeting held in Sana the finalization of sectoral studies for the promising opportunities program in the fields of food industries, poultry, quarries, mines and mining, and building materials.

In the meeting, Head of the Authority Yasser al-Mansour noted that the preparation of strategies for the four sectors comes within the framework of the first phase of the promising sectors program, which would be followed by the preparation of national strategies for six other productive sectors including fish, leather industries, chemical industries, small enterprise development, textile, tourism, and cash crops cash crops farming.

Al-Mansour explained that the program would work to achieve the objectives of the authority’s national vision and strategy by focusing on reducing the import bill for commodity products in these sectors gradually and increasing local production according to the studied stages through raising the current production capacity and encouraging and attracting new investments.

The meeting praised the draft strategies have been prepared over a period of three months by four teams comprised 40 members representing the relevant official authorities and the private sector, and selected from national competencies and expertise in these sectors.

YPA