SANA'A, Dec. 13—The Ministry of Industry and Commerce officially announced last Tuesday establishment of a Yemeni-Russian Businessmen’s Council. Renowned Yemeni businessman, Yousif Abdul-Wadood, was elected chairman of the council. The council aims to enhance industrial and commercial relations between Yemen and Russia, as well as exchange goods and products, in addition to visits by commercial delegations of the two countries. The council intends to assist Yemeni and Russian businessmen by showing opportunities for investment available in both countries.
The announcement came during the visit of the Russian commercial delegation headed by Mr. Yevgeny Primakov, former Prime Minister of Russia and advisor to the Russian president for industry and trade chambers affairs, who visited Yemen for the first time. Yemeni and Russian businessmen held numerous deliberations in Sana'a and Aden, agreeing on articles involving certain investment projects. Projects include investments in the Free Zone, particularly in the industrial and warehousing zones, in addition to cooperating in the field of tourism.