ID :
24051
Sun, 10/12/2008 - 21:02
Auther :
Shortlink :
http://m.oananews.org//node/24051
The shortlink copeid
American company to invest $ 100mln in AFZ
ADEN, Oct. 11 (Saba)- The Aden Free Zeon (AFZ) signed a memorandum of understanding
on Saturday with American Vicinage company to fuel ships.
Under the memo, the American company would carry out investment project for fueling
ships at a total cost of $ 100 million.
The memo was signed by chairman of the zone Abdul-Jaleel al-Showaibi and board
chairman of the American company.
Al-Showaibi said that the project would create around 300 jobs, adding that the
project would help in attracting further American investments to Yemen.
For his part, the board chairman of the American company highlighted strategic
location of Aden for navigation regionally and internationally.
He praised facilities offered by the administration of the zone for investors within
Yemeni law of investment.
on Saturday with American Vicinage company to fuel ships.
Under the memo, the American company would carry out investment project for fueling
ships at a total cost of $ 100 million.
The memo was signed by chairman of the zone Abdul-Jaleel al-Showaibi and board
chairman of the American company.
Al-Showaibi said that the project would create around 300 jobs, adding that the
project would help in attracting further American investments to Yemen.
For his part, the board chairman of the American company highlighted strategic
location of Aden for navigation regionally and internationally.
He praised facilities offered by the administration of the zone for investors within
Yemeni law of investment.
