The Studies and Economic Media Center (SEMC) presented a series of proposals and recommendations for the development of the investment environment in Hadhramaut Governorate through the Bulletin of "Analysis of the investment climate and investment opportunities in Hadhramaut Governorate", which aims to identify investment opportunities in the Governorate, difficulties facing investors and provide solutions and recommendations for the development of the investment environment.
The bulletin revealed a wealth of investment opportunities in the governorate, notably in the fisheries sector, such as fish farming, fish landing sites, and marine tongues, as well as the canning and smoking of various types of fish. Additionally, there are investment opportunities in the agricultural sector, including the cultivation of date palms, mango trees, bananas, and lemons in several valleys of Hadhramaut.
The bulletin also proposed investment in the construction industries in the governorate, such as various types of stone and marble, including the establishment of a ceramic factory. Additionally, it suggested investing in manufacturing industries, such as factories for cleaning and packaging vegetables and fruits, producing onion and garlic powder, as well as producing date and coffee paste and powder. There are also opportunities for factories specializing in canning and packaging Do’ani honey, and in the production of cosmetic products and soap from honey residues.
The bulletin highlighted the main challenges facing investment and investors in Hadhramaut, such as the weak infrastructure in the governorate, including electricity, water, sewage, and the poor quality of telecommunications and internet services. It also addressed the issue of land reservations, with many plots being held since 1990. Additionally, it pointed out that the investment legislation in the governorate has not kept pace with regional and global changes.
The bulletin offered a set of solutions and recommendations aimed at creating an attractive investment environment in Hadhramaut and encouraging local investments in the governorate. The recommendations included fostering a partnership between the private and public sectors in Hadhramaut to invest in infrastructure, as well as the health and education sectors. Additionally, it suggested implementing policies to encourage local production, such as tax exemptions and exceptions for imported production inputs, offering incentivized rates for electricity and water, and exempting licenses from renewal taxes for specified years. It also proposed protecting local products by restricting the import of competing goods or raising tariffs as a precautionary measure, or by providing compensatory protection for local industries.
It is worth mentioning that this Bulletin is one of four bulletins on the investment environment and opportunities in Aden, Marib, Taiz, and Hadhramaut, prepared by the Studies and Economic Media Center (SEMC) and the Economic Reforms Team (ERT).
You can downlaod the Bulletin from Here: