Sanaa Investment Authority announces restructuring of investment environment
SANAA, Oct. 25 (YPA) – Head of the General Investment Authority in Sanaa, Mohammed Ishaq, announced on Saturday that the authority is working on a comprehensive restructuring of the Yemeni investment environment to align with global standards, aiming to attract both national and foreign capital.
The announcement was made during a meeting held today with the General Federation of Chambers of Commerce and Industry to discuss private sector challenges.
Ishaq clarified that the authority would adopt four main strategic pathways during 2026, which are:
- Localizing Industries by supporting local projects and providing facilities to enhance added value and reduce reliance on imports.
- Developing Renewable Energy Projects specifically solar, wind, and marine energy, to mitigate electricity deficits and support industrial and commercial sectors.
- Directing National Capital towards qualitative investments in sustainable growth sectors such as food, manufacturing industries, and modern technology, through financial and legislative incentives.
- Expanding Modern Real Estate Development Projects to keep pace with population growth and urban expansion, creating new job opportunities.
Ishaq also noted that the authority is adopting a package of procedural and legal reforms to facilitate investors’ work and provide clear guarantees, in addition to activating strategic partnerships with the private sector in vital infrastructure projects (ports, roads, power stations).
For his part, Mohammed Salah, Deputy Head of the General Federation of Chambers of Commerce, confirmed that the private sector continues to operate despite challenges, stressing the importance of continuous support for small and medium-sized industrial projects.
YPA