📰 Investment Magazine / Exclusive
Mohammed Abdullah Al-Salmi, a Board Member of the Sana'a Chamber of Commerce and Industry, affirmed that the Chamber played a key role in drafting the new Investment Law and will provide full support to ensure its effective implementation.
Al-Salmi described the new Investment Law as a great and long-awaited step for the private sector. However, he emphasized that the most crucial step now is its practical enforcement, particularly since previous laws in various sectors had been passed but were never fully implemented.
In an exclusive statement to Investment Magazine, Al-Salmi stated:
"The private sector, including the commercial sector, seeks full commitment to the law, ensuring that it governs the relationship between businesses and government entities. We must all operate under the strength of the law, rather than relying on the influence of individuals within government institutions."
He expressed his hope that the law would be strictly enforced and that bureaucratic obstacles posed by certain officials would be eliminated. He added:
"At times, a minor official at a customs office, a port, public works, or any other government entity can obstruct an entire project—as if the law has no executive regulations or clear procedures. Putting an end to such practices is the real challenge now."
Al-Salmi stressed that successful implementation of the law and the launch of investment projects will serve as a key incentive for more business leaders to invest. He highlighted that early investors’ success stories will encourage others to enter the market, leading to strong momentum in the investment landscape.
Regarding the role of the Chamber of Commerce, Al-Salmi clarified that the Chamber is a strategic partner with government authorities, having contributed to the drafting of the law. It will now focus on promoting the law and educating investors about the incentives and benefits it offers. However, he noted:
"The most important priority now is the law’s implementation on the ground—this is the responsibility of the state."
He concluded by emphasizing that Yemen’s investment future looks highly promising with the enforcement of the new Investment Law, which introduces major incentives and facilitations that will significantly enhance the country's investment environment.
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