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Yemen and Saudi Arabia to boost broad cooperation

Posted in: Business & Economy
Written By: Observer staff
Article Date: Jul 5, 2008 - 4:22:35 AM
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The Preparatory Committee for the 19th round of the Yemeni-Saudi Coordination Council (YSCC) confirmed on its final meeting on Monday in Sana'a the necessity to strengthen exerted efforts to extend and improve existing and future cooperation in various fields between the two countries. 

The committee's two-day meeting, co-chaired by deputy Minister of Planning for the International Cooperation Sector, Hisham Sharaf Abdullah, together with the advisor of Saudi Royal Divan Sheikh Mohammed al-Hadithy, approved minutes of the meetings including issues to be submitted to the 19th YSCC meeting. 

The minutes included agreements aiming to boost cooperation between Yemen and Saudi Arabia, particularly in developmental fields within a number of agreements relating to developmental projects in Yemen financed by the Saudi $1 billion pledge announced in the London Donors Conference. The committee confirmed the necessity of promoting trade and industrial cooperation within further efforts to increase trade exchanges between the two countries. 

It also emphasized the need to boost the activities of the private sector in both countries through arranging visits of trade delegations, holding trade exhibitions, seminars and conferences, activating the role of the Yemeni-Saudi Businessmen Council to serve trade movement between the two countries and encouraging Yemeni and Saudi businessmen to set up joint investment projects. 

They also agreed to boost the cooperation in fields of technical education and vocational training, higher education and scientific research between both countries.

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