Saudi, Yemen to Establish a 400 - 500 Million Dollar Joint Venture

Published April 16th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

A business delegation from Saudi Arabia and Yemeni will discuss later this week the ways of establishing a joint share-holding company with a capital of $400-500 million, reports said. 

Both delegations will investigate during their meeting all possible ways to boost investment in Yemen. 

The first joint Saudi-Yemeni venture would be an oil refinery with a capacity of 60,000 tons each year at the Yemeni port of Mukalla —Albawaba.com

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