The Investor Foundation for Press and Development celebrates honoring best performing companies for the year 2023 with the Investment Award in the capital, Aden
SMA NEWS – ADEN THE CAPITAL
The Investor Foundation and Investment Magazine, in coordination with the General Investment Authority and the Chamber of Commerce in Aden, celebrated honoring the best performing companies for the year 2023 in the fifth session of the Investment Award with the support of Inmaa Real Estate Development Company Limited, Aden Exchange Company, Solidarity Bank and a large number of banks, banks and commercial companies, with the aim of encouraging and supporting businesses and the role of the private sector and enhancing the effectiveness of development projects and creating an encouraging competitive environment in Yemen and keenness to provide the best and enhance community partnership.
At the honoring ceremony, Mr. Abdul Qawi Al-Adini, Chairman of the Board of Directors of the Investor Foundation and Editor-in-Chief of Investment Magazine, delivered a speech in which he praised the winning companies that deserved the award for their excellence and commendable performance.. stressing the importance of this prominent economic event that shows a shift towards stability and economic recovery in light of the difficult circumstances that the country is experiencing, and the return of economic life reflects hope and national initiative.
He points out that the preparation for this event was marked by many challenges that were overcome with determination and strong will, and also highlights the vital and influential role of the private sector in leading the country towards economic recovery, expressing his hope that organizing the award will constitute a gateway to resuming investment activity in Yemen in general and in Aden in particular, stressing the importance of cooperation and partnership between the media and private sector institutions to achieve this goal. For his part, Dr. Youssef Saeed, Chairman of the Board of Trustees of the Investment Award, delivered a speech in which he stressed the impact of the conflict in Yemen on the business environment in Yemen..noting that Yemen has fallen to 187th place out of 190 countries in the Doing Business Index for 2020.
Dr. Youssef said: (Before 2015, the private sector provided about 70% of job opportunities and more than 50% of the gross domestic product, praising the major role played by the private sector after the war in providing jobs and contributing to relief work), adding: (The investment award is granted based on a precise evaluation and multiple criteria that include high quality, technology used, new innovations, customer satisfaction, and companies’ commitment to sustainable practices and social responsibility).
For his part, Mr. Ali Jarhum, Chairman of the General Investment Authority, delivered a speech in which he stressed the importance of the award in encouraging the private sector to invest in various fields, praising the role played by the Investor Foundation and the Investment Magazine in adopting this initiative that enhances the spirit of competition and innovation among companies.
Mr. Iqbal Munir Mohammed, Director General of the Chamber of Commerce and Industry in Aden, delivered a speech on behalf of the Chamber of Commerce, in which he conveyed the greetings of the Chairman of the Board of Directors of the Chamber, Mr. Abu Bakr Obaid, stressing the importance of the event in honoring the best performing companies, and its reflection on the role of the private sector in revitalizing economic development.
In the speech of the winning companies, Mr. Mubarak Al-Hamami, Chairman of the Board of Directors of Al-Hamami Real Estate Development Company, delivered a speech in which he praised the role of the Investor Foundation in organizing the award, pointing out the lack of interest of the government side in the investment sector and its neglect in addressing the problems, challenges and obstacles facing the investment sector.
Mr. Alawi Baharmiz, Advisor to the Governor of Aden for Investment Affairs, also delivered a speech on behalf of the local authority, in which he stressed the governorate’s keenness to provide facilities to investors and enhance the partnership between the private and public sectors to achieve sustainable development.
The honoring ceremony included a short documentary film on the importance of digitizing management in the public and private sectors and ways to employ artificial intelligence services in digitizing services and combating corruption. The history of the Investment Magazine Award, which was established in 2007, was reviewed. At the end of the ceremony, the companies that won the Investment Award for the year 2023 were honored.
