Yemen is starting to make modest progress in its previously stagnating projects market, with a total of 32 projects registered in the third quarter of 2012.

Yemen’s General Investment Authority (GIA) has stated the 32 projects are worth a total of $47m and were mostly in the country’s service and industrial sectors. The service sector alone was responsible for almost 50 per cent of the total investments.

The industrial sector was responsible for 47 per cent of investments. The investments include projects at universities, hospitals and factories in the food production sector.