What Are The Fastest-Growing Businesses In Yemen?

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Yemen is a small country in the Middle East with a population of around 26 million people. The economy of Yemen is largely dependent on oil exports, which account for about 25% of the country’s GDP. The government is also working to develop the tourism and agriculture sectors as a way to diversify the economy.

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Food And Beverage Business

This sector is improving very fast. It has ample opportunity for business and returns are very high. The demand for non-alcoholic beverages is raging in the country and has applied widely in every day-to-day use of people. Packaged food is also making great business in the country. Lots of companies have profited from this business idea.

Cold Chain Business

In recent years, the Yemeni cold chain business sector has been making remarkable progress. This is largely attributed to the progress made in technology and the increased efforts by the government to promote cold chain development. Yemenâ€™s cold chain industry is expected to grow at a rate of 7.2% owing to increasing demand for food and medicines, according to a report by the World Bank. The report also points out that the country has the potential to become a regional food hub and a regional pharmaceutical center.

Pharmaceutical Business

Yemenâ€™s pharmaceutical industry is growing at a rapid pace, however, there are still challenges that need to be addressed. The industry is expected to generate $1.1 billion by 2020, but there are a number of issues that need to be addressed, including the lack of quality controlled products, the high cost of ingredients, and the challenges of getting products to market.

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Dyestuff Business

Dyestuff business sector Yemen is one of the most promising growth sectors in Yemen. This is due to a number of factors. First, the country has a large potential market, with an estimated population of over 26 million people. Second, there is a large demand for dyestuffs due to the countryâ€™s hot and humid climate.

Agri-Business

The agribusiness sector is a key component of the Yemeni economy, developing agricultural products such as vegetables, fruits, and livestock raising. Agriculture plays a key role in Yemen’s economy because it provides food to citizens and creates jobs for people who depend on small-scale farming.

Glassware-Based Products Business

This glassware industry includes establishments engaged in preparing and supplying glassware for beverage, food, and pharmaceutical use. Glassware covers all types of glass from bottles and jars to the elaborate laboratory apparatuses used by scientists.

Fertilizer Business

The fertilizer and nutrition industry sector in Yemen (trending at 15.08%) experienced a considerable increase in the share of exports over imports during 2014-2017. This implies that the country is successfully meeting market demands with substantial domestic production, which also maintains reasonable prices as well as favorable terms of trade.

Rubber And Plastics Business

The rubber and plastics industry sector in Yemen is one of the largest industries in the country, accounting for almost 70% of the countryâ€™s GDP. The government has invested heavily in developing this sector. The sectors include oil refineries; power distribution; minerals; fertilizers, textiles, and chemicals.

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Solar Power Business

The solar power industry in Yemen has been on a rapid growth trajectory since its inception. The country is benefiting from the governmentâ€™s efforts to build a more advanced, renewable energy infrastructure which has created opportunities to invest in viable projects that are accessible to the private sector.

Soaps And Detergent Business

The soaps and Detergents Industry sector is a leading example of a new, rapidly growing industry sector in Yemen. The growth potential of this industry is enormous because it requires minimal capital input, thus the growth rate is faster than any other industry.

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