EMIRATES MUBADALA DESIRES TO INVEST IN YEMEN

SANA'A, March 22 (Saba)- Mubadala Development Company of United Arab Emirates voiced on Monday desire to invest in fields of in oil, gas and minerals in Yemen.

In a meeting with the Minister of Oil Amr al-Idarows, the delegation of the company presented a suggestion over holding a partnership of investment in Yemen including to be a partner with Safar Old Company to increase production in block No.18.

The minister also discussed with the delegation of the company possibilities of investments in domains of gas and petrochemical industry.

He highlighted Yemeni-UAE ties, reviewing advantages of oil investments in Yemen and facilities presented to the companies.

Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, Mubadala’s strategy is built on the management of long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate.

AH