Yemen, Oman to Establish Joint Projects

Published May 30th, 2000 - 02:00 GMT

Oman and Yemen have agreed on establishing joint industrial projects including a shipping company and a commercial bank, reported Yemen Times Monday, quoting an Omani official. 

The official said that these projects aim at supporting trade between the two countries, adding that suggested blueprint for the two projects were drawn during a meeting held in Oman between businessmen from the two countries in October 1999.  

The two companies will open the door for trade between the two countries after the settlement of the Yemen-Omani row over borders, the newspaper added.  

Yemen is considered one of the major importers of Omani products, Yemen Times said, adding that the total volume of imports up to the year 1999 reached $30 million - Albawaba.com 

© 2000 Al Bawaba (www.albawaba.com)

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