In a step aimed at enhancing joint cooperation in the fields of investment and entrepreneurship and supporting innovative startups, the CEO of the World of Business Company for Investment and Studies Ltd. Dr. Rabie bin Ali Al -Obathani received a delegation from the Cooperative and Agricultural Credit Bank (CAC Bank), included both Eng. Muhammad Dirham Abu Hatim, Assistant CEO of the business development sector in the bank, and the director of the Kak Bank branch in Hadramout Mr. Muhammad bin Peace, at the company’s headquarters in the city of Mukalla.

During the meeting, Dr. Al -Obathani reviewed the most prominent activities and initiatives implemented by the company in the fields of entrepreneurship, building and supporting startups in different vital sectors, including education, energy, technology, and food sectors. Universities and secondary schools.

The two sides discussed ways and mechanisms for cooperation to enhance the entrepreneurial environment in Yemen, through the development of joint programs targeting young people and entrepreneurs through a building incubator for entrepreneurship and work to develop ideas and prepare for the establishment of a joint investment fund directed to support innovative emerging projects in the sectors of deep technology, renewable energy, agriculture, health technology and digital transformation in financial and banking and education technologies, and the importance of providing solutions and systems has been emphasized To support the establishment and development of these emerging projects in line with the best international standards.

After the meeting, the Kak Bank delegation toured the company’s facilities, where he got acquainted with the national competencies operating, and briefed on the most important existing initiatives, including the project to establish the Hadramout Society College that the company seeks to launch as a strategic step to advance vocational and technical education in Yemen, in addition to the project of the Initiative of Building Yemen supported by the Islamic Development Bank.

This meeting comes as an affirmation of the two parties ’commitment to enhancing the partnership in the service of economic and social development, by supporting young people, empowering entrepreneurs and launching qualitative initiatives that contribute to building a more prosperous future for Yemen.