Yemen Boosts Cooperation with IsDB, JICA

A view of Aden, Yemen. The country boosts its cooperation with the Islamic Development Bank and the Japan International Cooperation Agency. Photo by: Raphaël Fauveau / CC BY NC-ND Raphaël FauveauCC BY NC-ND

The Islamic Development Bank and Yemen held talks Aug. 8 on the possibility of investments in the industrial zone of Lahj governorate.

 IDB technical officer Bakkar Mahasen appraised the facilities for light, medium and heavy industries in Lahj. The bank is evaluating the facilities for investors in the industrial zones of Aden and Lahj governorates, Saba reports.

The Japan International Cooperation Agency also reaffirmed its support for Yemen. Offcials from JICA and Yemen reviewed the implementation of JICA-backed projects. They also reviewed JICA’s support for the central workshop of the General Corporation for Roads and Bridges, according to Saba. 

The Kuwait Fund for Arab Economic Development also granted USD6 million to support small businesses engaged in food production in Yemen. The amount will be managed by Yemen’s Social Development Fund, Yemen Observer reports.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.