Prime Minister Dr. Ahmed Awad bin Mubarak announced that the government is preparing an investment map for promising sectors, including fish wealth, in cooperation with Yemen’s development partners, as part of its approach to developing and diversifying revenues and focusing on added value to support the national economy and overcome previous imbalances.

He stressed that the national private sector is a key partner for the government in establishing strategic investments, creating partnerships with brothers, friends and international financing institutions to benefit from investment components in promising sectors and developing and expanding the quality of investments.

This came during the Prime Minister’s chairing of an expanded meeting on Tuesday, September 3, 2024, 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 Aden Chamber of Commerce and Industry, with the participation of a number of owners of private fish grinding factories.

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 to achieve effective control and correct the conditions of existing factories to ensure optimal utilization of fish wealth and preservation of fish stocks.

Dr. Ahmed Awad bin Mubarak stressed that the government has a strategic direction to correct the existing problems in the investment environment, in partnership with the private sector according to the principle of taking into account the interests of the state and investors..pointing out the government’s welcome and encouragement of investment in various fields, including in the fisheries sector, with the need to diversify and distribute these investments and adhere to the laws and regulations in force aimed at organizing the fishing and investment process in the fisheries 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 imbalances, in partnership with the private sector.. Pointing to the government’s efforts to strengthen the infrastructure of the fisheries sector in coordination with donor countries and organizations, and supporting projects related to food security and maximizing 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 mill owners and their vision, and coordination mechanisms to implement controls and oversight operations on this type of investment. In this regard, a committee was formed 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 milling factories, taking into account the preservation of fish stocks, provided that the committee holds a technical meeting with the private sector to discuss the proposals and agree on the recommendations and submit them to the Prime Minister for approval.