ID :
24057
Sun, 10/12/2008 - 21:06
Auther :
Shortlink :
http://m.oananews.org//node/24057
The shortlink copeid
German Company finalizes to establish Iron Factory in AFZ
Aden, Oct. 11 (Saba) - A German Company has finalized studies concerning the
establishment of an Iron Factory in Sector /L/ in the industrial zone at Aden Free
Zone (AFZ).
The AFZ's head Abdul Jalil al-Shu'aibi told Saba that this company is the first from
Germany invests in the AFZ and would contribute to attracting Germen capitals to
invest here and to avail from the merits the Yemeni Investment Law offered to Arab
and foreign investors.
He said that the project - costs $ 60 million on 70.000 M² - would assist in
providing many job opportunities and encourage Arab and foreign capitals to invest
in the industrial zone.
The AFZ has witnessed last two years great development in field of offering
facilities for investors in the various fields, al-Shu'aibi said, expecting more
progress in Aden in the coming two years.
establishment of an Iron Factory in Sector /L/ in the industrial zone at Aden Free
Zone (AFZ).
The AFZ's head Abdul Jalil al-Shu'aibi told Saba that this company is the first from
Germany invests in the AFZ and would contribute to attracting Germen capitals to
invest here and to avail from the merits the Yemeni Investment Law offered to Arab
and foreign investors.
He said that the project - costs $ 60 million on 70.000 M² - would assist in
providing many job opportunities and encourage Arab and foreign capitals to invest
in the industrial zone.
The AFZ has witnessed last two years great development in field of offering
facilities for investors in the various fields, al-Shu'aibi said, expecting more
progress in Aden in the coming two years.
