Preparations are ongoing to set up a strategic alliance to support investment in Yemen, a Yemeni businessman told September weekly on Thursday.

Head of the Union of Chambers of Commerce and Industry Mohammad al-Mitami said the alliance was adopted by the World Bank in coordination with a number of government bodies, private sector and donors.

Al-Mitami pointed that the alliance aims to prepare a good environment for investment and providing a technical support to the government in addition to offering more facilities and circulating investment opportunities in the country.

Meanwhile, al-Mitami said Yemen is seeking to join the World Investors Network (WIN) that consists of investors from the European union, South America, Africa and Asia.

Al-Mitami pointed that Yemen's joining to WIN would be a chance for circulating automatically investment opportunities in Yemen and coordination between members of WIN to set up joint investment projects in the country.