Industry claims big share of 2009 investment projects (Local).SANA'A, Aug. 26 -- Industry was the sector that most attracted investment in the first half of 2009, according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent report by Yemen's General Investment Authority (GIA Noun 1. GIA - a terrorist organization of Islamic extremists whose violent activities began in 1992; aims to overthrow the secular Algerian regime and replace it with an Islamic state; "the GIA has embarked on a terrorist campaign of civilian massacres" ). So far, industry in Yemen Yemen (yĕm`ən), officially Republic of Yemen, republic (2005 est. pop. 20,727,000), 207,300 sq mi (535,800 sq km), SW Asia, at the southern edge of the Arabian peninsula. contributes to about 10 percent of the gross domestic product and around 4.5 percent of total workforce employment, according to previous Yemen Times The Yemen Times is unified Yemen's first and most widely-read independent English-language newspaper. The paper is published twice-weekly (on Mondays and Thursdays) and has its own printing press, advertising associates and news service. reports. The Yemeni government has recently made efforts to attract foreign investment and boost the industrial sector to face the threat of oil depletion Oil depletion is the inescapable result of extracting and consuming oil faster than it can be replaced with artificial equivalents, due to the fact that the formation of new natural petroleum is a continuous geologic process which takes millions of years. . "Up to now, plans have been drawn up for more than ten industrial zones in Aden Aden (ä`dən, ā`dən), city (1994 pop. 398,399), SW Yemen, on the Gulf of Aden near the southern entrance to the Red Sea. It is the chief port of Yemen. , Lahj, Hodeida, Hadramout and Al-Mahara," Abdulrazzaq Al-Sururi, general manager of industrial zones at the Ministry of Industry and Trade told the Yemen Times earlier this month. Registered industrial projects reached 68 out of 144 registered at the GIA, with investment capital of around YR 60 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 294,117) and creating 2,389 jobs. Total investment in all five of the industrial, agricultural, fisheries fisheries. From earliest times and in practically all countries, fisheries have been of industrial and commercial importance. In the large N Atlantic fishing grounds off Newfoundland and Labrador, for example, European and North American fishing fleets have long , services and tourism sectors reached over YR 1 billion (USD 490,196) in the first half of 2009. The services sector claimed the second largest portion of investment with 33 projects and investment capital exceeding YR 40 million (USD 196, 078), according to the report. The tourism sector came third with 23 projects and investment capital of over YR 20 million (USD 98,039). Agriculture was fourth most popular sector for investment with 19 projects attracting investment worth YR 4 million (USD 19, 607). Finally, the fishery sector came in the last with only one registered project with investment capital of YR 1.2 million (USD 5,882). Projects were registered at all 20 of the GIA's branches in different governorates, of which around 46 of 144 projects were registered in Sana'a with investment capital of around YR 24 million (USD 117, 647). Foreign investors Despite foreign investment in Yemen decreasing in comparison with the same period last year, investors -namely from the Gulf and other parts of the Middle East- continued to pour capital into projects in Yemen, generating jobs for Yemenis. Foreign investment decreased from 26 projects during the same period in 2008 to 21 projects this year with investment capital of about YR 19 million (USD 93, 137). During the first half of 2009, Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. contributed to the
larger part of new investment projects in Yemen with four projects --
two in industry and two in services, with investment capital of over YR
4 million (USD 19,607) and creating around 238 jobs.
Kuwait was second with three projects in industry, tourism and agriculture, investing over YR 3 million (USD 14,705) and generating employment for 142 people. Iraq, Lebanon and Jordan ranked third with two projects each. Iraq invested YR 11 million in an industrial project and a services project, providing 86 job opportunities for Yemenis. Lebanese investment capital in two projects -one in services and the other agriculture- reached YR 138,355 (USD 678), creating 28 jobs. The two Jordanian projects were in industry and services, with investment capital of YR 76,141 (USD 373) and providing 29 job opportunities. Finally, the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. , Syria, Egypt, Turkey, Iran, China, Italy and India were fourth with one project for each country, with investment capital reaching no more than YR 289,818 (USD 1,420) all together, creating 197 jobs.... Copyright Yemen Times. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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