Saudi Arabia: Yemen Looking for $10 Billion USD in Investments

19 Mar 2007 by Local Press Report
Saudi Arabia, JEDDAH
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— Yemen is looking to secure $10 billion USD worth of investments from Saudi Arabia and other Gulf countries. Potential areas of investment include water desalination plants, electrical power plants seaport facilities, oil refineries, aviation projects, and railways, Yemeni Minister of Trade and Commerce Khaled Shaikh said. Yemen will offer incentives for Gulf Cooperation Council investors including exemption from taxes and provisions to facilitate the transfer of capital and profits, Shaikh said The minister's remarks, made at a recent press conference in Riyadh, come ahead of a scheduled conference in Yemen on investment opportunities in the country...

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