Sanaa opens mineral resources sector to investors to bolster national economy
SANAA, Jan. 11 (YPA) – Sanaa government on Sunday officially opened the mineral wealth sector to large-scale investment, in a strategic move aimed at revitalizing untapped resources.
This initiative was the central focus of a high-level meeting held Sunday, chaired by the Minister of Oil and Minerals, Dr. Abdullah Al-Amir, and attended by key officials from the Geological Survey Authority and the Chamber of Commerce.
The meeting focused on positioning the mining industry as a primary pillar for national economic growth. Discussions centered on identifying lucrative investment opportunities and establishing robust mechanisms to overcome existing challenges. By streamlining these processes, the government aims to incentivize local capital and expand the investment base within this vital sector.
Key Outcomes and Strategic Goals:
- Enhancing the Investment Climate: A commitment to improving the business environment through effective partnerships between the public and private sectors.
- Institutional Transparency: Developing a more efficient relationship between investors and the Geological Survey Authority to simplify technical and administrative procedures.
- Economic Diversification: Leveraging mineral wealth to diversify national income sources and achieve long-term sustainable development.
During the session, Dr. Abdullah Al-Amir reaffirmed the Ministry’s commitment to supporting investors by removing bureaucratic hurdles. He emphasized that the government is dedicated to providing a stable and motivating environment, recognizing the mining sector’s critical role in driving the future of the national economy.
YPA