the Ministry of Industry

ICD, Yemen, TOBB pledge cooperation

A Memorandum of Intents (MOI) on cooperation in designing funding, developing and operating industrial zones projects was recently signed by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, the Ministry of Industry and Trade of Yemen, and the Union of Chambers of Commodity Exchanges of Turkey (TOBB).
The MOI aims to launch and facilitate cooperation and coordination among the three parties in the formulation, development, promotion and implementation of industrial zones in Yemen as a model of special economic zones based on partnership between the public and private sectors through the use of the Turkish experience in organized industrial zones as well as the international best practices and experiences.

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