39 - September 23 thru September 29,
2002, Vol XI

Yeminvest
launches Aden Distripark

BY REDWAN A. AL-SAQQAF
ADEN BUREAU CHIEF
Yeminvest,
a subsidiary of PSA Corporation, has on 17 September 2002, officially launched
the Aden Distripark (ADP) located in the industrial and warehousing estate
near Aden container Terminal in Yemen. The launch ceremony was officiated
by his Excellency, the Governor of Aden, Mr. Taha Ahmed Ghanem, and well
attended by government officials and representatives from the maritime
and business community.
Situated within the Free Zone in the port of Aden, Aden Distripark
represents the second major project for Yeminvest after Aden Container
Terminal. The first phase of ADP is made up of 74 hectares of land and
has received warm response from the local and international investment
community. The list of tenants now include:
1)Aden for Soils & Mills
2)Al-Akaf Agency
3)Al-Khalij Company
4)Al-Soufi Trading
5)Husamco Trading & Contracting
6)IBN Al-Haj for Agriculture and Trade
7)Madina International of Technology
8)Oakland Trading
9)Universal Contracting
10)Yemen Jordanian for Investment
''We are happy to have taken a lease within the park. Its location is
excellent, next to a modern international Container Terminal. Transport
cost is no longer a problem'' says Mr. Sooud Ali al-Harthy, General Manager
of al-Khalij, a company which deals in vehicles.
Aden Distripark is part of the Government's overall plan to develop
the port city as a free trade zone. When fully completed, ''The economic
life of the people of Yemen will be greatly improved. Already, it has provided
both jobs and economic development to the people in Aden'' says the Governor
Taha Ahmed Ghanem.
The Aden Free Zone Chairman, Mr. Dirham Abdu Noman, who has been working
closely with Yeminvest on the project is very optimistic saying ''The free
zone would succeed because it has the backing of the most senior Yemeni
politicians and business leaders. The president himself has taken an active
role in promoting the port and the free zone and the Terminal.''
Currently, phase one of the ADP has achieved a take-up rate of more
than 30%. More investors are expected to come on board before the end of
the year. The ADP is designed with the investors in mind. Companies based
at the Park will operate under free trade zone status, which provides for
100% foreign ownership and repatriation of profits. The profits generated
are also tax-free, says Yeminvest CEO, Mr. Richard Cheong.
The launch of the Distripark has been complemented by the good performance
of Aden Container Terminal. Up to August this year, the Terminal has handled
more than one million TEUs since its start of operations in March 1999.
The Terminal continues to register strong competition. From January to
August 2002, the Terminal handled around 307,000 TEUs, a growth of 36%
over the same period in 2001.
Aden is well positioned to attract more foreign investments. It is
strategically located close to the east-west shipping routes and markets
in East Africa, the Middle East, Pakistan and Western India. The port also
offers a deep natural harbor and abundant supply of low-cost labor.
Background
Aden Distripark and Aden Container Terminal are being developed by
Yeminvest- a joint venture between PSA Corporation Ltd. and Yemen Holdings
Ltd.
Phase one of Aden Distripark offers 74 hectares of leasable land with
a ready supply of water, electricity and communications. Tenants can commission
purpose-built units, renting parcels of a land ranging from 3,000 to 20,000sq
meters. ADP will be developed in stages according to demand. When fully
extended, the Distripark is expected to occupy 1,550 hectares and leased
to dozens of small and medium-sized companies focused on light manufacturing,
packing, warehousing and related industries.
Aden Container Terminal operates 700 meters of berth and 5 post-panamax
quay cranes in the port of Aden in Yemen. It enjoys the patronage and support
from several international shipping lines such as APL and PIL.
On his part, Chairman of the Aden Free Zone, Dirham Noman said that
the official launch of the warehousing and industrial zone is considered
as one of the significant of the Aden Free Zone phase. It is a continuation
of pledges that have been given in cooperation with Yeminvest and the PSA.
He added the Aden warehousing and industrial zone is fully equipped
with state-of-the-art equipment and ready for receiving investors, emphasizing
on the support and attention rendered for the it by the wise leadership
of the president of the republic.
"We present this humble project to the Yemeni people on the occasion
of the 26 September Revolution and 14 October Revolution and to our political
leadership,'' Dirham noted further.
He confirmed that the Aden Free Zone had won the trust of the wise
leadership of the president.
On the other hand, Mr. John Kouk Jonj ENG, the Yeminvest Chairman of
the Board pointed out that this tremendous project is considered the second
successful project of the Yeminvest. It is complementary to the Aden Container
Terminal port. Thirty hectares have been completed and fully equipped with
the basic infrastructure with a view of providing suitable investment atmosphere.
It is worthwhile mentioning that more than one million containers
been unloaded till the end of August 2002 and 307000 containers have
been unloaded starting from January to August 2002. This is clear evidence
of the revival of Aden Container Terminal port in a very short period of
time.
He also said the main reasons behind the tremendous success of the
new project can be attributed to the infinite support and the strenuous
efforts exerted by the political leadership of president Ali Abdullah Saleh,
the Aden Governor, Taha Ahmed Ghanem and the Chairman of the Aden Free
Zone, Mr. Dirham Noman.
In the same context, Gerald McDuffee, a member of the board said that
Aden Container Terminal port is regarded one of the significant pillars
for warehousing and industrial zone particularly after a 3-year of constant
painstaking efforts. It is a step in the right direction towards famous
international trade refineries, and manifests itself in this tremendous
project.
This a clear indication of the political leadership support for surmounting
difficulties faced by the Yeminvest and the PSA along with stability which
is represented by the official launch of the first phase of the Aden Distripark.
Aden Governor, Taha Ahmed Ghanem, Mr. Dirhem Noman, the Chairman of
the Aden Free Zone, accompanied by Mr. John Kouk Jonj ENG, the Yeminvest
Chairman of the board of Directors, Mr. Richard Cheong, Yeminvest Executive
Manager, Mr. Gerald McDuffee, the company's board member, Mr. Adnan al-Qaf,
in charge of the company's Corporate Affairs and the Operating Manager
of the PSA inaugurated the opening ceremony of the project by unveiling
a monument representing the project.
The inauguration ceremony was also attended by Mr Abdulkareem Shaef,
the Deputy Governor, Mr Mohammed Saleh Tareeq, Director General of Aden
Security, Mr Naser Mansour Hadi, the PSO deputy for Aden, Abyan, and Lahj
governorates and a number of prominent figures.
Development
of society, assistance of poor families in Yemen
BY MAHYOUB AL-KAMALI
YEMEN TIMES STAFF
The National Program for Society Development and Productive Families
(NPSDPF) in Yemen works on giving hand to families living below the line
of poverty. The program also works for integrating women in development
through engaging them in training courses to be qualified and acquiring
technical skills and professions, in addition to providing them information
on processes of production and marketing to help them join labour market
and establish income-producing projects.
Officials managing the program, founded under a cabinet decree in 1988,
say it aims at preparing, planning and executing programs aimed for removing
suffering of poor segments of the society, depending on field studies defining
instances of poverty. The program is one of the constituents of the social
security net and one of the projects on fighting poverty financed by the
UN Development Program. It is affiliate of the ministry of social affairs
and labour.
The program runs around 46 centers distributed around the republic
and its activities include some rural areas and some districts. The program's
activities are mostly centered on handicraft jobs, sculpture, embellishment
, sewing , hand-embroidery, housekeeping, light food industries, leather
industries, carpets, carpentry, pottery, bee-breeding and poultry. Official
sources also mention that the major goal of the NPSDPF is concentration
on developing professions earning income to help the poor, especially women,
to find job opportunities, whether at home or establishing productive societies
and cooperating with the Social Fund for Development in the field of training.
Both the UN Development Program, the Canadian Program for Development and
the European Union support these activities.
Figures issued by the program indicate that the program has helped
rehabilitation of 19 thousand persons to join the labour and production
market despite its modest financial capabilities that do not exceed YR
140 million, mostly allotted for helping the destitute to come out from
the circle of poverty towards labour market.
The NPSDPF, in order to expand in its activities in the rural areas,
needs approximately YR 5 billion to be able to implement its plans and
score positive results. The program has shifted its attention to folklroric
professions and handicraft and to reaching to the areas where there are
raw materials used in them. It tries to revive such professions, for instance
pottery used in household needs. Officials of the program hope to be assisted
by establishing a bank for the poor for funding some of its activities
in fields of training, production and securing trainees rights.The officials
plan for forming productive units in centres of productive families and
other units for studying economic feasibility of productive families' projects.
The number of centres of the program is expected toincrease to 75 centres,
25 mobile units in addition to 27 thousand trainees at the end of the second
five-year plan in 2005.
Following is table demonstrating programs and projects for fighting
poverty:
Expatriates
conference recommends investment encouragement
YEMEN TIMES STAFF
The Yemeni Expatriates 2nd conference has recommended the importance
of finishing the first stage of establishing and operating of an information
system on expatriates affiliated to the Expatriates Ministry and the completion
of the remaining phases of the project. It has also recommended speeding
up studies and procedures pertaining to the project of comprehensive field
survey of Yemeni expatriates.
On conclusion of its meetings last Wednesday, the conference also emphasized
the significance of entering communication media and modern technology
in care rendered to expatriates and their affairs to be associated with
organizations and communities.
The conference has also recommended speeding up work on preparing and
issuing the executive bill of the law on expatriates care and the development
of capabilities of the Expatriates Affairs Ministry as well as Yemeni expatriates
bodies and societies abroad. The conference called the Interior Ministry
for extending a modern services network, the civic register and dispensing
passports to Yemeni expatriates in the countries where they live.
The conference stressed the necessity of activating the cabinet decision
on granting priority to sons of the expatriates in having jobs at the Yemeni
embassies and also opening certain offices for communities at the embassies
buildings. Regarding social securities the conference confirmed the necessity
of completing required legal procedures for the expatriates benefit from
services of social securities, recommending that he ministry of expatriates
prepares studies concerning the establishment of Expatriate Care Fund.
As for education and qualification, the conference asked the competent
authorities to prepare and conclude bilateral agreements with countries
where the expatriates live guaranteeing the expatriates sons' continuation
of their education at different stages and giving priority to expatriates
son in university scholarships allotted for Yemen. It has also recommended
that the Ministry of Expatriates should coordinate with concerned sides
on organizing programs for training and qualification and upgrading capabilities
of expatriates.
As regards development and investment the conferees recommended that
the ministry, in coordination with concerned parties, work for providing
all data and studies on investment projects and taking all means of discipline
regarding problems, cases and disputes that may occur in investment transactions.
The conferees have also requested the ministry of expatriate affairs to
complete studies and procedures for setting up the Expatriates Bank project
and also recommended that the government study the possibility of establishing
a stock exchange market in Yemen and giving publicity on it among the expatriates.
The conferees confirmed that programs transmitted by the Yemeni Satellite
TV Channel should cover all the countries where the expatriates live and
recommended the production of educational and cultural programs specially
beamed to communities abroad in addition to tourist, cultural and investment
programs
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