Houthis’ New Investment Law Aims to Tackle Economic Collapse

If the Houthis succeed in attracting investors, this will transform Yemen into an investment destination competing with the Abraham Market. The law likely opens the door for Iran to invest as well.

Last month, the Yemeni parliament approved a new investment bill aimed at attracting both local and foreign investment, as well as stimulating local enterprises and projects. The details were made public last week, and the legislation has been in effect since then. With this new framework, the Houthis in Yemen are seeking to capitalise on the momentum created by BRICS and their portrayal of victory in Gaza. This initiative is part of broader economic reforms they are undertaking, designed to ease domestic economic challenges and capitalise on their increasing popularity across the Arab world.