Business

7.6% GDP Growth Expected This Year

A recent economic report has expected that economic growth in Yemen will witness tangible development during 2010, where the growth rate in the gross domestic product (GDP) arrive at around 7.6% due to the full operation of the Liquefied Natural Gas (LNG) project.

The State›s general budget for 2010 has expected that the increase in non-oil based GDP to 7.4%, upon which the government has based its expectations during the current year.

However, the parliament has had a different position, and has been skeptical about the government›s ability to reach this number unless it has a clear vision through which essential changes are made to the policies and procedures to overcome the obstacles and difficulties facing economic activities and the investment environment.