ADAIR Invests in Aden Free Zone [Archives:2001/13/Local News]

March 26 2001

The ADAIR International Oil and Gas, INC signed on March 20 a memorandum of understanding with the Yemen Free Zone Public Authority to build and operate US$ 60 million Power Plant and a Sugar Refinery at the Free Zone.
The Sugar Refinery is expected to produce about 200 thousand tons of pure sugar while the Power plant is expected to provide 21 megawatt.
“The facilities and privileges granted by the Investment Law have been attracting a good number of Arab as well as foreign businessmen,” said Mr. Dirhem Abdu No’aman, Vice Chairmen of the Free Zones, Chairman of the Aden Free Zone. He added that the Sugar Refinery will cover a great part of the needs of the local market.