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Business & Economy
39 - September 23 thru September 29, 2002, Vol XI

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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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