Omani-Yemeni joint committee meetings concluded

Basis for cooperation in development projects in Yemen laid

Agreement to hold meeting dedicated to marine transport cooperation

Co-chaired by ministers of transport Khaled al-Wazir and Khamis al-Alawi, the Yemeni-Omani Joint Ministerial Committee concluded its 8th round's activities and agreed on speeding up measures concerning the $ 100 million that Oman obliged itself to support Yemen's development projects during Donors Conference held in London last year.

The two parts also agreed on preparing funding treaties in terms of using the fund for implementing investment program of the third Five-Year Plan's projects for economic and social development in Yemen for the period 2006-2010.

They also agreed on referring establishing joint investment companies to private sector in the two countries for naming suitable projects.

Concerning establishing al-Mazyonah Free Zone, the Omani side suggested naming fixed customs mechanism without any delay and making the customs declaration issued from the zone enough for avoiding inspection and delay in Yemeni shipping customs.

As for marine transport, the two parts also agreed on holding a meeting between specialists of Omani Salalah Port and Yemeni ports of Aden and Mukalla in Yemen next March to get acquainted with facilitations in the ports.

Moreover, they also agreed on completing measures of establishing the Yemeni-Omani businessmen council and information exchange between the two countries concerning smuggling in its different kinds.