The United Nations Development Programme (UNDP) in Yemen has unveiled two new strategies aimed at fostering private sector engagement and promoting investment in renewable energy within the country. Launched in Amman alongside expert panel discussions, these strategies position the Yemeni private sector as a vital partner in areas crucial for recovery and reconstruction, particularly in ensuring access to reliable and clean energy.
The prolonged crisis in Yemen has led many essential business communities to relocate abroad, taking with them significant investment support. To revitalize economic growth in Yemen, the private sector requires an enabling environment conducive to development, including investment in clean energy solutions. These solutions are essential for addressing the challenges faced by thousands of households, public facilities, and businesses grappling with intermittent access to electricity in Yemen.
In collaboration with the Yemeni private sector and DeepRoot Consulting, UNDP’s new Private Sector Engagement Strategy underscores the importance of a dynamic and inclusive partnership to drive green and inclusive economic development. The strategy aims to create jobs and enhance living standards in Yemen.
Despite the urgent need for sustainable energy access, many areas in Yemen suffer from a lack of reliable electricity, with frequent power outages lasting more than twelve hours a day. To address this challenge, UNDP Yemen has developed a Mixed-Renewable Energy Investment Plan in partnership with Firnas Shuman Consulting Firm. This investment plan proposes both on-grid and off-grid clean energy solutions, with the goal of restoring critical services, expanding solar access, and reducing system losses in the short term. Ultimately, this initiative aims to increase access to reliable and affordable electricity for communities across Yemen.
Zena Ali Ahmad, Resident Representative of UNDP Yemen, emphasized the significance of these strategies in driving inclusive economic development and improving living standards in Yemen. She stressed the importance of building the private sector’s capacity and increasing its involvement in recovery and reconstruction efforts through investment facilitation, skills development, and market access support. Together with local and international partners, UNDP is committed to transitioning towards a greener economy in Yemen, with a focus on widespread sustainable and inclusive development.
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