Mujawar said, during the opening of the Malaysian-Yemeni Festival 2010 in Sana'a, that the festival is a fruit of Yemen-Malaysian economic cooperation.
Yemen follows up carefully the great success Malaysia has made in the various areas, particularly in economy and knowledge, the Premier said pinning hopes that the festival would assist Yemen to benefit from the Malaysian great experiences.
"It is an opportunity to avail from the Malaysian experience to strengthen the Yemeni development strategy and enhance Yemeni products' competitiveness in the foreign markets" Mujawar said.
The government intends, via this festival, to encourage the two countries' investors to exchange experiences and revive old Yemeni-Malaysian commercial ties, he said.
The government's attention focuses currently on realizing the economic and social development and creating a competitive investment environment through carrying out the administrative, financial and economic reform program the government has adopted since 1995.
He made reference to the partnership between the government and the private sector, saying that the government has enhanced this partnership in the recent years to enable the private sector to play an efficient role in the development process and in areas of infrastructure, agriculture, fishing, oils, minerals and all service sectors.
Mujawar said that Yemen has many qualitative investment opportunities either in the Aden Free Zone or in other promising sectors, calling the Malaysian investors on availing from the merits and advantages for foreign and Arab investments in the Yemeni Investment Law.
He reiterated the Yemen's desire for more economic and investment partnership between Yemen and Malaysia, the PM said.
The Malaysian-Yemeni Festival was inaugurated in Sana'a Expo Center with participation of over 100 Malaysian firms.
According to 2008 statistic, the investments between Yemen and Malaysia raised from $ 47.7 million in 1990 to $ 401.8 million in 2008.
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