Localization of Industries

Investment Magazine / Exclusive

In a move aimed at enhancing the local investment climate and expanding the scope of national industries, the Ministry of Economy, Industry and Investment— in collaboration with the Tax Authority, Customs Authority, and the Chamber of Commerce and Industry in the Capital Secretariat—has approved the acceleration and simplification of procedures for local garment manufacturers to obtain exemptions granted under the Presidential Decree on textile sector incentives and privileges.

Investment Magazine / Exclusive

The Minister of Economy, Industry, and Investment announced that his ministry is set to issue decisions to localize a list of approximately 20 domestic products, implementing measures to protect them through mechanisms that support national industries. He described this initiative as a significant step toward stimulating the national economy and enhancing the competitiveness of local products.

Investment Magazine/Private

The Director of the Office of Economy, Industry and Investment in Hodeidah Governorate, Saleh Mohammed, said that there are government directives to localize the cardboard industry in the governorate, stressing work in partnership with the private sector to promote and support this industry. This came during a meeting held on March 15, 2025, as part of the implementation of the economic stimulus program to support the local industrial sector and reduce dependence on imports.