Economy

New Investment Law No. 3 of 2025:

Vision and objectives of the law: The law aims to improve the investment environment in Yemen and attract local and foreign investments. It focuses on supporting local products, localizing industries, and reducing dependence on imports. The law encourages a shift from an import economy to a local production economy. It aims to manage value chains and reduce the import bill. The law is considered a new page in the history of the Yemeni economy.

The importance of the law and its features:

Investment Magazine / Special

The Minister of Economy, Industry and Investment, Engineer Moeen Hashem Al-Mahakri, confirmed that the government pays special attention to the sponge industry, as part of its efforts to support and localize local industries, indicating that the ministry is working to protect national products from being dumped by imports, in accordance with the directives of the government of change and construction.

Investment Magazine/Private

Ahmed Hassan al-Awlaki, representative of the Mövenpick Hotel Company, announced that international consulting companies will undertake the technical and engineering studies necessary to rehabilitate the hotel and its facilities, as part of efforts to restore its activity after the damage it sustained during the past years. 

Investment Magazine / Special Report

Prime Minister Ahmed Ghaleb Al-Rahwi has officially approved an agreement to localize the manufacturing of household gas cylinders at a 100% rate. The agreement was signed by Minister of Economy, Industry, and Investment Engineer Moeen Al-Mahakari, Minister of Oil and Minerals Dr. Abdullah Al-Ameer, and Acting Executive Director of the Yemeni Gas Company Yasser Al-Wahdi.

Investment Magazine | Exclusive 

On Monday, February 24, 2025, the Yemeni government officially launched three new cement products developed by the General Corporation for Cement Industry and Marketing. This initiative marks a significant step toward strengthening national production and reducing reliance on imported materials. The launch event was attended by Prime Minister Ahmed Ghaleb Al-Rahwi, Minister of Economy, Industry, and Investment Moeen Hashem Al-Mahaqari, and Chairman of the Corporation Yahya Atifa. 

Investment Magazine / Exclusive 

The Sana'a Chamber of Commerce and Industry has announced the establishment of a renewable energy sector, aiming to boost investment in this vital field, facilitate importers and manufacturers, and encourage the transition to renewable energy and local production of its components. 

This initiative was revealed during an extensive consultative meeting held at the Chamber’s headquarters on Thursday, February 20, 2025, presided over by Ali Mohammed Al-Hadi, Chairman of the Chamber. 

Parliament Honors the General Investment Authority

Investment Magazine / Special Report

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.