US$5 Billion Investments in Electricity Infrastructure in Yemen

US$5 Billion Investments in Electricity Infrastructure in Yemen
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Published October 20th, 2010 - 15:20 GMT

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Yemeni government

Abdul-Karim Al-Arhabi, Deputy Prime Minister & Minister of Planning and International Cooperation announced today that Yemen is looking to invest US$5 billion in developing and expanding its electric infrastructure and capacity.

The announcement was made at the 3rd International Yemen Oil, Gas and Minerals Conference (YOGM Conference) which kicked off its activities today in Sana'a. The minister stated that the Yemeni government would fund 20% of the projects while the rest would be funded by investors and international donors such as the World Bank. 

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