Parliament Honors the General Investment Authority
Investment Magazine / Special Report
The Speaker of Parliament, Sheikh Yahya Ali Al-Ra’i, along with the Parliamentary Administrative Committee, honored Yasser Abdul Karim Al-Mansour, Chairman of the General Investment Authority, on Tuesday, February 4, 2025, in recognition of his and his team’s efforts in advocating for investment policies at the governmental level in both the Government of National Salvation and the Government of Change and Construction, culminating in the issuance of the new Investment Law.
Al-Mansour was acknowledged as the "common factor between both governments in driving this initiative forward," for his support and advocacy of investment policies across administrations.
It is worth noting that since 2018, the General Investment Authority has been working on proposals to amend the 2010 Investment Law, as part of broader initiatives aimed at improving Yemen’s investment climate and fostering economic growth.
On November 26, 2024, the Board of Directors of the General Investment Authority, chaired by the Prime Minister, approved the draft law. It was subsequently endorsed by the Government of Change and Construction, before being referred to Parliament, where it underwent extensive discussions with representatives from the Ministry of Economy, Industry, and Investment, the Ministry of Finance, and the General Investment Authority.
Following these deliberations, Parliament approved the law on December 15, 2024, and a Republican Decree was issued on January 5, 2025, enacting Investment Law No. (3) of 2025 (1446 AH).
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