The Yemeni government announces that it is preparing an investment map for promising sectors, most notably fisheries.

Yemeni Prime Minister Dr. Ahmed Awad bin Mubarak announced on Tuesday that the government is preparing an investment map for promising sectors, including fisheries, in cooperation with Yemen’s development partners, as part of its drive to develop and diversify revenues and focus on added value to support the national economy and overcome previous imbalances.

This came during his chairing of an expanded meeting in the interim capital, Aden, which included leaders of the Ministries of Agriculture and Fisheries, Water and Environment, Industry and Trade, the General Investment Authority, heads of the General Fisheries Authorities, and the Chamber of Commerce and Industry in Aden, with the participation of a number of owners of private fish grinding factories, according to the Yemeni News Agency "Saba".

Bin Mubarak said that the national private sector is a key partner of the government in establishing strategic investments and creating partnerships with brothers, friends and international financing institutions to benefit from investment components in promising sectors and develop and expand the quality of investments.

The Prime Minister was briefed by the Minister of Agriculture, Irrigation and Fisheries, Salem Al-Soqtri, and the owners of fish grinding factories, on the results of the meetings to discuss the ministerial decision related to preventing the establishment or creation of private fish grinding factories, and the mechanisms capable of achieving effective control and correcting the conditions of existing factories in a way that ensures optimal utilization of fish wealth and preservation of fish stocks.

Ben Mubarak stressed that the government has a strategic direction to correct the existing problems in the investment environment, in partnership with the private sector, in accordance with the principle of taking into account the interests of the state and investors.

He pointed out that the government welcomes and encourages investment in various fields, including the fishing sector, with the need to diversify and distribute these investments and adhere to the laws and regulations in force aimed at regulating the fishing process and investment in the fishing sector.

The Prime Minister directed the Ministry of Agriculture, Irrigation and Fisheries to correct the situation and implement the controls regulating investment and fishing, and the importance of everyone sensing their national responsibility in these exceptional circumstances and taking serious action towards correcting the imbalances, in partnership with the private sector.

He pointed to the government's efforts to strengthen the infrastructure of the fisheries sector in coordination with donor countries and organizations, and to support projects related to food security and maximize the benefit from local resources, to alleviate poverty.

The meeting discussed a number of ideas and proposals related to investment in the fisheries sector and its development, the vision of fish grinding factory owners and their vision, and coordination mechanisms for implementing controls and monitoring operations on this type of investment.

According to the agency, a committee has been formed in this regard from the Ministries of Agriculture, Irrigation and Fisheries, Industry and Trade, Water and Environment, and the General Investment Authority to develop proposals and visions for dealing with fish grinding factories, taking into account the preservation of fish stocks. The committee will hold a technical meeting with the private sector to discuss the proposals, agree on the recommendations, and submit them to the Prime Minister for approval.