GIA Denies Reports on Investment Companies Leaving YemenSource: www.export-egypt.com 1/8/2014, Location: Middle East |
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The General Investment Authority (GIA) categorically denied on reports, quoting the Sana'a Chamber of Commerce and Industry (SCCI), that 181 investment companies have pulled out from Yemeni market recently.
The acting chairman of the GIA Muhammad Ahmad Hussein told Saba that the information is baseless... wondering the promotion of such false allegations without getting back to the GIA to make sure. He called on the (SCCI) to be aware of the negative consequences of promoting such incorrect information on the investment environment which affects badly the national economy as a whole. The GIA has announced that the registered projects during the period January - September 2013 rose to 99 projects compared to 76 projects during the same period of 2012 with an increase of 30%, while the projects' fixed proportions rose to YR 5.18 billion compared to YR 13.9 billion in the same period of 2012 |
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