Sana'a - Saba:
The recent meeting chaired by Minister of Economy, Industry, and Investment Eng. Moeen al-Mahaqeri highlighted on Thursday significant developments for Shibam Holding Corporation.
Key figures, including Chairman Abdullah al-Shaer and Vice Chairman Ibrahim al-Shami, outlined the corporation's current status, assets, and the challenges ahead.
The Minister emphasized the need for Shibam to align its investment strategies with the goals set by its founding legislation. He underscored the importance of adapting to market changes and fostering partnerships between the public and private sectors to enhance the investment climate.
There’s a call for a refreshed, realistic investment vision that acknowledges market dynamics and seeks innovative project implementations.
Developing effective partnerships is crucial for advancing economic growth and showcasing a positive investment environment.
The institution's strategies must align with the broader objectives of the Government of Change and Construction, focusing on projects that yield tangible benefits for citizens and the national economy.
Discussion on existing assets and stalled projects aimed to identify actionable plans to revive them.
Several procedural steps were approved to facilitate investment initiatives, indicating a proactive approach to overcoming challenges.
Overall, the meeting reflects a commitment to enhancing Shibam’s role in the economy, with a focus on sustainable development and impactful investments.
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