In HadramoutThree gigantic projects launched [Archives:2003/641/Business & Economy]

June 12 2003

Yemeni president Ali Abdullah Saleh has recently laid foundation stone for three YR 5.4 worth investment and services projects in the governorate of Hadramout planned to be funded by the public and private sectors.
The projects include construction of College of Medicine buildings in Mukalla. The over YR 2 billion worth project is to be financed by a number of businessmen and to be implemented by Bin Laden Group.
The second project is to be implemented by Yemen Fish Company at an estimated cost of YR 3 billion. It includes building an institute for training on fish industry and a factory for producing ice. The project is expected to produce 10 tons of fish a week and also supplying fishermen with fishing boats to help them fishing and selling their merchandise to the company. In Shahar city a foundation stone was laid for a project of fishing port and harboring boats at a cost of YR 2.200 billion with a water flat depth reaching 6 meters. IN its first phase the port includes building two sea barriers; the first 1200 meters long and the second 600 meters long. In addition the projects include building a lighthouse to guide boats. The port harboring capacity is around four-thousand boats.
The projects aims at compensating the fishermen for what they have lost as a result to blasting the French super oil tanker Limburg and to contributing to increase of annual production of fish. The project is to be implemented by Al-A'moudin Group under governmental funding and it would urge fishermen and fish cooperatives to provide fishing boats with bigger loading capacity and bigger supply.
Building this port project would consequently help preserving fish production, both refrigerated and frozen. The present production of fishermen in the city of Shahar is estimated at about 25 tons per day; sometimes it reaches 100 tons per day.