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First National Conference on Industry Development culminated With Four MOUs with Malaysia

  Written By:  (YEMEN POST STAFF) 
  Article Date:
December 25, 2008


On the fringes of the First National Conference on Industry Development which concluded on Tuesday in Mukalla city, four memorandums of understanding were signed between Yemen and Malaysia.

The first of these MOUs was signed by the National Chamber of Commerce and Industry of Malaysia (NCCIM) and the local authority in Hadramout province for the establishment of a tourist complex at an initial cost of $ 10 million.

The agreement was signed by Hadramout's governor Salim al-Khanbashi and chairman of the NCCIM Sayed Ali al-Attas.

The second was signed between the Malaysian CM Company and the Yemeni Omgi Company for Trade and Investment for setting up fish industry complexes at the province.

The projects would be established within two years at a cost of $ 2.5 million

A third MOU was signed by the Standard and Industrial Research Institute of Malaysia (SIRIM) and the ministry of Industry and Trade on cooperation in setting out a framework for the industrial development strategy in Yemen.

The fourth memorandum of understanding was for twining the Hadramout Chamber of Commerce and Industry with the NCCIM

The two-day Mukalla industry conference, which was organized under the theme" Industry is the Future of Yemen' by the Chamber of Commerce and Industry in Hadramout, was attended by many dignitaries.  

Former Malaysian Prime Minister Mahathir Mohammed along with Arab and Muslim economists and ministers, mostly Malaysians, took part in the conference. 

On the other hand, Yemen and Russia signed on Tuesday in Sana'a a protocol to exchange documents over approving consul agreement.

The protocol was signed by deputy minister of Foreign Ali Hassan Muthana and the Russian ambassador to Yemen Vladimir Trefimov.

At the signing ceremony the two affirmed that the protocol will help open new cooperation horizons as the two countries are keen to forge cooperation ties.