GIA, MIGA sign MoU to encourage investments' flow to Yemen

The General Investment Authority (GIA) and the Multilateral Investment Guarantee Agency (MIGA) have signed a memorandum of understanding to encourage the foreign investments' flow to Yemen. The MoU ,which was signed by GIA's Chairman Dr. Yahya Saleh Mohsen and MIGA's Executive Vice President Keiko Honda, stipulates enhancing cooperation between the two sides and raising the public awareness on the risk management products like the political risk insurance. Following the signing, Mohsen pointed out the national reconciliation government has committed to provide a business environment to attract more investments to Yemen, considering the cooperation between the GIA and the MIGA is an important step in this direction. For his part, Honda expressed his hope that this cooperation between the two sides would attract many investments to Yemen to achieve the desired economic growth. He reviewed the investment patterns could be covered by the agency ,Indicating that the projects backed by the agency could achieve a powerful effect on the development through creating jobs, transferring skills and technology, and helping countries to exploit the natural resources in an environmentally sustainable manner.