$12 million for farming shrimp in Red Sea coasts

SANA'A, Feb. 08 (Saba) - Ministry of Wealth Fisheries signed on
Sunday an understanding memorandum with Asdaf al-Yaman Company for
Fish and Sea Creatures for farming shrimp in the Red Sea coasts
amounting to $12 million.

The memorandum was signed by Minister of Wealth Fisheries Mohammed
Shamlan and General Manager of the company Ali al-Ba'adani.

Under the memorandum, the company conducts economic and technical
feasibility studies on the project and establishes an integral farm
for shrimp in the Red Sea coasts according to the studies' results
and environmental effect assessment carried out by the company.

The memorandum also stipulated on exchanging information and
scientific experiences between the two sides in farming shrimp and
visiting the company's investments' sites to avail from its
experiences.

BA/AF