- Development of Electric Power Projects:
The law encourages investment in energy infrastructure by offering substantial incentives and privileges to facilitate the implementation and operation of electric power projects. - Promotion of Power Generation Projects:
Simplifying procedures and granting long-term tax exemptions of up to 20 years for electric power generation projects. - Transition to Renewable Energy:
Yemen
The main advantages of the new investment law in the energy sector:
- Advancing electric power projects
- Promoting energy generation initiatives
- Encouraging partnerships in electricity production
- Transitioning towards renewable energy
Investment Magazine/Exclusive
The Yemeni Standards, Metrology, and Quality Control Authority announced the release of an informational guide detailing the registered jewelry workshops and the approved hallmarking codes for precious metals. This initiative marks a significant step toward enhancing transparency and trust within the precious metals sector.
Investment Magazine | Exclusive
The Minister of Economy, Industry, and Investment, Eng. Moeen Hashem Al-Mahaqri, has directed the Yemeni Cement Corporation to prioritize exploring external markets for exporting Yemeni cement as part of its future objectives. The minister highlighted the importance of leveraging the new investment law, which offers significant incentives and competitive advantages for exporters.
Investment Magazine / Exclusive
The Minister of Economy, Industry, and Investment, Eng. Moeen Hashem Al-Mahaqari, emphasized that the ministry is working to foster collaboration among local factories to meet their needs through domestic production. This initiative aims to establish a complementary relationship that lays the foundation for sustainable industrial activity, bolsters the national economy, and reduces reliance on imports.
"Investment Magazine, Issue 0-1, July-August 2024"
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