Believing in the importance of supporting entrepreneurship and promoting innovation as key pillars of economic and social development in Yemen, Business World Company Ltd. for Investment and Studies and the Cooperative and Agricultural Credit Bank (CAC Bank) signed a Memorandum of Understanding (MoU) on Sunday morning to establish an investment fund aimed at supporting innovative startups. The MoU was signed by Mr. Mohammed Darham Abu Hatim, Deputy CEO for Business Development at CAC Bank, and Dr. Rabea Ali Al-Awbathani, Chief Executive Officer of Business World Company Ltd., during a signing ceremony held at the company’s headquarters in Mukalla. This memorandum aims to empower entrepreneurs and innovative projects by providing access to sustainable financing sources and creating a stimulating investment environment across multiple vital sectors. The initiative seeks to enhance the role of innovative startups in driving economic growth and generating new employment opportunities for youth. Following the signing, the CAC Bank delegation visited the Hadhramout International Community College building, where they reviewed the progress of the project supervised by Business World Company. The delegation also met with several startup enterprises currently being incubated and developed under the company’s Business Building Programs. This collaboration reaffirms the commitment of both CAC Bank and Business World Company to supporting innovation and high-impact initiatives that contribute to building a more prosperous and sustainable economic future for Yemen through strategic partnerships aligned with modern economic transformations.
