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Optimism Over Economic Revival Sweeps Aden

Optimism Over Economic Revival Sweeps Aden

Saturday, 9 January, 2021 - 10:15
A street in Aden’s old town (Asharq Al-Awsat).

Residents in Aden said that optimism for an improvement in the economy and services was prevailing over the temporary Yemeni capital, reviving the hopes that Yemenis hold in the liberated areas.

Asharq Al-Awsat made a tour in the city, where the living situation has noticeably improved in the wake of the implementation of the Riyadh Agreement and the formation of the new government.

Large areas of the eastern suburbs of the city have turned into warehouses, where merchants unload their goods before redistributing them to the rest of the governorates. International relief organizations also store materials in those warehouses to be then channeled to various areas, even those under the control of the militias, in order to avoid obstacles in Houthi-controlled regions.

Aden’s restaurants and beaches have flourished, as the nearby international airport offers a gateway for residents and tourists. New restaurants and parks have been launched and talk spread about hotels and other upcoming projects in the city.

However, the rebounding commercial activity, which attracted large groups of professionals, politicians and journalists, caused a significant increase in home and commercial rentals, which represents a challenge to the services that have deteriorated due to the war ignited by the Houthi coup in September 2014.

Aden residents believe that the improving value of the riyal and the reconstruction of the infrastructure were a sign of services recovery.

Tawfiq Abdullah says: “If the government performance continues at this level, our economic and political conditions will be better.”

A feeling of reassurance prevails over the city’s markets and streets after the implementation of the Riyadh Agreement and the formation of the new government. The residents are confident that Aden will regain its position as one of the most important ports in the East.

The state of political and security stability is also reflected in the active commercial movement on Queen Arwa road, where most of the commercial and government banks are located. Following last year’s events, life has also returned to local public institutions and ministries.

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