Yemen reviews foreign investment laws
Yemen's Prime Minister Abdul-Kadir Bajamal recently announced his government’s willingness to reform investment laws to encourage a greater flow of foreign capital into the country. “The government shall grant to both investors and financiers, all necessary guarantees and full judicial protection,” stated Bejamal.
“In addition, in order to continuously improve and to enhance our investment climate in Yemen, this administration will also be willing to amend our foreign investment laws that are in keeping with international judicial and regulatory standards, that contribute to a more favorable climate in which a variety of investment project's can flourish, to the equal advantage of both the government and the private sector,” he added
His comments are ahead of a planned energy investment conference, taking place in Sana'a from June 24-25. The Second International Yemen Oil & Gas Conference will showcase the range of projects open to international investors in upstream oil and gas and downstream refining, petrochemicals, LNG and power transmission and distribution. — (menareport.com)
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