Investment Authority, Hodeidah signs deal to establish first agricultural investment zone

HODEIDA, May 07 (YPA) – The General Authority for Investment, the local authority in Hodeida and the executive management of the first agricultural and investment zone signed on Wednesday in Sanaa a memorandum of cooperation to launch the establishment of the province’s first agricultural investment zone.

The agreement, signed in the presence of officials from both sides, aims to strengthen agricultural investment as a key pillar of the national economy, reduce import dependence, support local production, and streamline procedures for investors to boost development and self-sufficiency.

It outlines plans to build a comprehensive database of investment opportunities within an executive framework and defined timetable, alongside providing the technical and logistical requirements needed for implementation, launching promotional campaigns, and organizing an official event to inaugurate the zone.

The memorandum also includes linking the zone’s executive administration electronically with the authority through the “Nafath” platform to improve coordination and facilitate investor services.

Officials described the project as a foundational step toward restructuring agricultural investment in Yemen, while the local authority affirmed its readiness to support implementation, create an attractive investment environment, and facilitate job opportunities despite operational challenges.

AA