Conference on investment starts its work in Hodeida

HODEIDA, March 09 (YPA) – A conference on investment in Hodeida province started its work on Wednesday.

At the conference, Chairman of the General Investment Authority, Yasser Al-Mansour, confirmed that the conference would reduce the import bill, transfer and localize technology, and increase local production and exports as well as provide 100 investment opportunities in 7 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 indicated that the number of investment applications in the industrial zone reached 35, and they were approved, and 17 sites were allocated for investment projects, including 15 projects were signed.

For his part, Minister of Industry and Trade, Abdul-Wahhab Al-Durra, said that the industrial zone would be equipped to set up projects for food, animal and fish production, textile industries, mining, building materials and metal industries.

The minister pledged to facilitate all procedures for the investors in the province.

Meanwhile, Hodeida governor, Mohammed Quhim, announced today the inauguration of work in the industrial zone and the delivery of several contracts for a number of projects in the fisheries and grain silos sectors.

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