The General Investment Authority (GIA) is undergoing a strategic transformation in investment management in Yemen, driven by innovative thinking and strategic planning. Under the leadership of Chairman Yasser Abdul Karim Al-Mansour, a team of professionals, technicians, and experts has redirected the authority's primary functions towards projects and investment opportunities that ensure food and pharmaceutical security for citizens.
The GIA's activities are progressing steadily, confidently fulfilling its roles by turning challenges into promising investment opportunities. This approach enhances sustainable economic development and attracts more investments.
In the August-September 2024 issue of Investment Magazine, we highlight some of the efforts that have led to achievements serving the investment landscape in our country.
Investment Generation: Diverse Opportunities and Abundant Resources
In collaboration with government entities and the private sector, the GIA has implemented a continuous function termed "Investment Generation." This initiative has resulted in a comprehensive inventory of investment opportunities across Yemen, including site identification and land availability, encompassing:
- 1,137 investment opportunities
- Total estimated cost: $11 billion
- Potential job creation: 200,000 employment opportunities
Preparation of 38 Feasibility Studies for Investors
The GIA has prepared 38 investment feasibility studies as part of its services to investors and its commitment to raising awareness among them. Over the past two years, the authority contracted with a specialized company to develop these studies. Among these, 20 studies have been finalized, and the initial drafts of the remaining 18 are under review.
Facilitating Investment: Land Allocation on Demand
The GIA has adopted a dual approach to facilitate investment:
1. Allocation of approximately 82 million square meters of state land for investment opportunities
2. Signing a mechanism to facilitate the registration of project lands located outside planned areas
These efforts aim to streamline investment processes and provide the necessary infrastructure for potential projects.
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