New port worth $ 240 million to be established in Hadramout

SANA'A, Jan. 20 (Saba)-Yemeni Corporation for Arabian Sea Ports will
sign next week a contract with French specialized company for
establishing new Hadramout Trade Port with the cost of $ 250
million, said Minster of Transport Ibrahim al-Wazir.

Speaking to Saba, al-Wazir affirmed the French company would take
time of eight months for revising and studying designs for
establishing the new port. He added that the ministry is due to make
tenders next month before specialized international companies for
establishing the port.

This comes in the frame work of the government's plans for raising
competence of Yemeni ports and operating them in better economic
way.

He made it clear that the port, which will be constructed in Broom
area, would be built the area of 11,888,200 square meters.

The port would be constructed via two phases and would be assigned
for free trade exchange due to its strategic location in the middle
of Asia and Africa cotenants and between Bab al-Mandab and Hormos
Straight.

The ministers expected that the project will create great investment
revival and trade exchange with regional and international
countries. The port will bet the forth strategic ones in addition to
Aden, Hudeidah and Mukalla ports.

MA