Damascus, May 22 (SANA) Several Yemeni businessmen stressed the importance of boosting economic and investment cooperation with Syria during the coming stage, especially in the areas of reconstruction, infrastructure, industry, energy and pharmaceutical industries, noting that Syria has promising investment opportunities after the liberation period.
Promising Investment Environment
Abu Bakr Baabid, deputy head of the General Union of Yemeni Chambers of Commerce and head of the Aden Chamber of Commerce, told SANA that Syria represented a promising investment environment for the Yemeni private sector.
Baabid said Syrian authorities were showing a serious approach toward opening investment opportunities and providing facilities for investors.
He added that Yemeni business leaders were seeking to expand their presence in the Syrian market and establish new economic partnerships, noting that coordination meetings with Syrian authorities were continuing to strengthen bilateral cooperation.
Reconstruction
Yemeni businessman Nabil Ghanem said several investors had begun visiting Syria in the months following the liberation period to contribute to reconstruction projects.
Ghanem said investment opportunities were particularly significant in real estate development, industry and infrastructure projects, which he said could support stability and economic development during the coming years.
Businessman Khalil al-Sufyani described Syrian-Yemeni relations as historic and deeply rooted, saying the current visit aimed to renew and develop economic, commercial and investment relations between the two countries.
Banking Projects
Al-Sufyani added that Yemeni investors were interested in launching banking projects and direct airline routes alongside investments in several economic sectors. He said Syria appeared to be entering a phase of economic recovery after years of instability.
Businessman Abdul Rahman Saleh al-Abadi said Syria held substantial opportunities in the pharmaceutical sector and noted existing partnerships with Syrian companies in Damascus, Aleppo and Tartous.
Al-Abadi called for additional legislation and incentives to encourage investment and attract regional capital, adding that there were plans to establish a joint pharmaceutical manufacturing project in Aleppo in the coming period.
The Yemeni delegation stressed the importance of expanding cooperation between private sector institutions in both countries to support reconstruction efforts, promote economic development and open new markets for Syrian and Yemeni products.
MHD
