Aden development projects will cost $6 billion
Yemen, Economics, 5/4/1998

Mohammed Said Zafer, the chairman of the promotion and investment sectors in the general organization of the Yemen free zone, said today that the estimated cost of the projects essential to developing the Aden region over 25 years total about $6 billion.

Zafer added that these projects include $2.8 billion dollar for developing petroleum filters and $907 million for establishing the free harbor, whose first phase is currently implemented as well as modernizing Aden's airport at a cost of $225.6 million.

Zafer said that industrial, storage, tourism, road, water and drainage projects will cost about $1.648 billion and that the electricity sector needs an addition of 750 Megawatts. Besides developing current resources, the water sector also needs to increase its desalination capacity by 60 million cubic meters.

The industrial plan for the free zone in Aden aims at establishing six areas for middle, light, heavy, and petrochemical industries as well as the Sheikh Othman area, the people's city and the entrance to small Aden.

Previous Stories:
  Yemen hopes Egypt can help with economic advice   (4/15/1998)
  Measures underway to reduce foreign employment in Yemen   (4/10/1998)
  Oil crisis to hit Yemen   (4/7/1998)

Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.

Search