Years of war squander Yemen’s mineral wealth

At a time when some promising productive sectors are still being neglected and ignored, the Yemeni economy is going through meager years weakening its living forces, weakening its productive capabilities and wasting its material, financial and human energy due to the complex situation in which the country experienced at various levels.

Mining wealth at the top of the neglected promising sectors that do not have a government vision emphasizing their economic and investment interests in light of the continuing leakage of Yemeni capital abroad and the fear of foreign investment targeting this sector as capital in very pumped. mining exploration research and the crystallization of investment alliances to exploit what It was selected from the available opportunities before the war wiped them out.

According to official reports, Yemen has a potential mineral wealth and large reserves of industrial raw materials estimated at 900 million tons, and some raw materials are characterized by standard technical specifications that qualify them for various industrial, construction and agricultural applications.

Previously, foreign missions worked in collaboration with the competent government agencies in Yemen to identify a group of mineral deposits with economic indicators, the most important of which are manganese, dolomite, as well as pure limestone, gypsum, natural zeolite, as well as rock. salt, basalt, granite, marble and others.

The geological expert in the Yemeni General Authority for Geological Survey and Mineral Resources, Nashwan Al-Hakami, explains to Al-Araby Al-Jadeed that the official bodies and departments that have specialized in this vital field in Yemen have focused on the preparation of geological studies, which played a role in developing a geological map for Yemen that defines the locations of the raw materials, their economic feasibility and the available investment opportunities that attracted many foreign companies and Yemeni capital, whose focus on a specific aspect in this sector, which is mainly the construction minerals.

Al-Hakami adds that the case has also depended for years on just talking and explaining the promising geographical nature of Yemen and its latent mineral wealth, volcanic rocks and industrial minerals, while the state and its official institutions emphasize the importance of the maximizing the opportunities of this promising sector, while the war exacerbated the problems of these sectors. The talk is not about exploiting it, but about stopping its deterioration and erosion.
The Yemeni Geological Survey and Mineral Resources Authority emphasizes the provision of the necessary facilities and procedures to encourage the establishment of serious investment projects that will benefit the national income and provide jobs for young people, within the framework of the Ministry’s mandate. Oil and Minerals in Yemen within the strategy to develop the mining sector, aimed at achieving added value from this wealth Through the exploitation of raw materials in the manufacturing industries with a large economic return.

And the labor market expert, Wasel Al-Hammadi, claims in an interview with Al-Araby Al-Jadeed that the neglect of such sectors poses a great danger to Yemen, which is suffering from a frightening increase in unemployment levels and disruption of the educational process, and his reflection on the labor market in Yemen, which needs different policies to deal with him.

He points out that absorbing these large numbers of unemployment, especially among young people in Yemen, requires labor-intensive projects provided only by some economic sectors such as minerals, public works and agriculture.

Official data seen by Al-Araby Al-Jadeed indicates that the real GDP in Yemen has shrunk by more than 45%, due to various reasons, the most important of which are the direct consequences of the ongoing war that most of the Yemenis affected. governors and has led to the destruction of infrastructure and public and private facilities and the disruption of many economic and investment activities.In addition to severe crises in fuel, electricity, food, water, transport, education and health care. Also the suspension of donor development support and freezing of the public investment program.

There is a belief in the official public circles in Yemen that the mineral wealth sector needs large investments and capital, and long periods for its development to reap economic benefits from its returns.
In this context, economic researcher Faisal Alwan, in his interview with Al-Araby Al-Jadeed, sees that there is an investment development that took place in this sector during the war years, in parallel with the interests of capital that emerged during the years of conflict came to the fore. in the land and its owners they turned to earn it in some businesses and sectors such as real estate Land and construction works.

Alwan notes that there is interest on the part of business and capital companies in construction mining projects and especially in the sector of mining and ornamental stone manufacturing. From the needs of the local market, despite the problems and obstacles that these type of mining industries, in addition to iron, cement and aluminum projects and factories.

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