Saudi investors intend to invest $1 billion over the next five years in new investments for several Yemeni cities. This came as Yemeni President Ali Abdullah Saleh vowed to provide all the moral and legal support to open new doors for Saudi investors. The investments are directed to cities in Hadhramaut, Sana'a, Aden, Hodeidah, Ibb, Taiz, Abyan, and the Yemeni islands, especially Socotra and Kamran. Saleh met last Saturday a delegation of businessmen and investors from Saudi Arabia. The delegation was headed by Abdul Rahman Al Jeraisy, vice chairman of the Federation of Chambers of Commerce in Saudi Arabia. Saleh expressed his happiness to meet with the Saudi delegation. He warmly welcomed them to invest in Yemen. He confirmed that the Saudi investments would receive all care and attention from him personally and from the government and Yemeni businessmen, so as to ensure positive cooperation and integration to achieve the desired partnership between the two countries. “There are many promising opportunities for investment in Yemen which are available for investors in the Kingdom or other brotherly and friendly countries”, he added. He confirmed that Yemen lives in security and stability despite what is portrayed the media who tends to magnify any events and seek to create a large confusion to distort the reality of the stable security situations in Yemen. Saleh stressed the importance of strengthening the bridges of cooperation and partnership between businessmen and investors in Yemen and Saudi Arabia through joint projects in various fields.
