Yemen Monitor / Newsroom:
The Yemeni Minister of Industry and Trade, Dr. Mohammed al-Ashwal, discussed today in Aden with representatives of financing banks a strategy to support entrepreneurs and owners of small and micro-enterprises.
Minister al-Ashwal emphasized the importance of activating agencies and trademarks, stimulating investment, and revitalizing commercial activity by supporting youth and enabling them to enter the market and finance small and micro-projects, viewing them as partners in development and investment rather than mere financiers.
During the meeting, which was attended by the Ministry’s Undersecretary for the Business Services Sector, Dr. Rashid Hazeb, Minister al-Ashwal confirmed that the Ministry is proceeding with radical reforms to reorganize the agencies and trademarks market. He noted the issuance of decisions to cancel 6,048 agencies and 947 defunct or frozen trademarks as part of efforts to correct imbalances, enhance transparency, and open the field for new investors capable of making qualitative contributions to the national economy.
He explained that these measures came in response to complaints from regional and international companies regarding the freezing of agencies and trademarks without actual operation. He stressed that the goal is to reform the market, promote fair competition, and protect the rights of serious investors.
Al-Ashwal pointed out that this partnership represents a fundamental pillar for achieving a qualitative shift in the business environment and attaining comprehensive economic development based on empowering youth, stimulating productive initiatives, and strengthening trust between the public and private sectors.
For his part, the Undersecretary for the Business Services Sector confirmed that the Ministry is working on developing an integrated institutional framework that links financing with entrepreneurship to ensure the sustainability of small projects and enhance their chances of success. He emphasized the role of financing banks in providing innovative solutions and real investment partnerships that contribute to activating neglected agencies and trademarks and creating new job opportunities.
At the conclusion of the meeting, participants reaffirmed the need for continued coordination and the establishment of clear executive mechanisms to translate these directions into practical programs that contribute to reviving the market, expanding commercial activity, and achieving a tangible economic impact during the coming phase.
