|
(Back)
The Yemeni economic policy is based on marketing mechanism and
economic freedom which support the initiative of investment.
The General Investment Authority, being aware of the significance of
involvement of the private sector in the development process in Yemen, and the
necessity to bring about a greater leap in the investment level of various
sectors, in pursuance of diversifying the Yemeni economy, and in coordination
with a number of concerned agencies, prepared many opportunities, which contains
investment opportunities in the production, agricultural and services sectors
recently there are many opportunities available in the Republic of Yemen.
Which the GIA aim to promote for them at the local and international levels
to be within reach of Yemeni, Arab and foreign businessmen investors, local and
foreign financing institutions and others concerned agencies to contribute in
interpreting these investment concepts and bring them into light.
Yemen is classified within countries that are less growing, however it
is considered as a country that is full of main economic resources which
have not been exploited economically, especially in oil and gas field,
fisheries and different mineral resources.
The most important economic indicators in Yemen are the following:
Agriculture and fishing constitute the rate between ( 15-20) % Of the
gross domestic production where cultivated areas considered 3% of the gross
republic areas so the planting areas constitute exactly(67.9)% of the cultivated
areas.
Mining and quarrying industries and manufacture industries constitute
a rate between (30-40) % of gross domestic production, and the extraction and
refining of oil represent the largest part of this rate and the contribution of
petroleum sector of domestic production reaches the rate (25-35)% , and the
average of petroleum production in Yemen reaches ( 435.000) a barrel in a day.
-Yemeni economy grows rapidly and the average rate of its annul growth ranges
between (10-15)% of current prices which reach by the account of constant prices
to the rate (2-4)%. Annul GDP - per capita: Purchasing power parity $800 (2004)
Exports constitute (33.4%) of gross domestic production in 2004 and
imports constitute (29.3%) of gross domestic production in 2004. Therefore, the
exposure ratio for Yemeni economy reached (62.7%) approximately. The most
important exports, in Yemen, are in the field of crude goods that constitute
(94-97%) of gross exports whereas direct consumption goods constitute the rate
between (1-4%) , and the crude goods at imports range between (55-60%) of gross
imports that constitute direct consumption goods (15-20%) and the capital goods
constitute (20-25%). Yemen imports from Arab countries between (30-40%) of gross
imports whereas its exports to Arab countries range between (5-10%) of gross
exports to abroad. Asian countries, not
Arabian, are considered as the largest
market for Yemeni exports. Yemen exports to them between (70- 85%) of gross
exports.
Special Thanks to Mr. Hamid Abd Sheikh Saleh
Doing Business in Yemen
| 
