Increasing Investment in the Free Zone [Archives:2000/40/Business & Economy]

The free zone in Aden will witness in the forth coming months big investments.In a statement for Mr. Derham Abdah Noman the chief director of the free zone in Aden, the containers harbor has witnessed a very active period in which very big projects have taken place in the sector of infra structure of the harbor. What has been done so far exceeds the plan made for the free zone, the work in the decks of the containers harbor is in progress. By the end of August this year the number of applications for investments in sector G reached 455, distributed in different fields.
Mr. referred to the 11285 job opportunities provided by those projects of a total cost of $412,934,056 and YR32,189,435. He also added the land given for the free zone is about 4,870,581squared meters.
Mr. Derham concluded his statement by referring to the anniversaries of the 26 Sep and 14 Oct revolutions and how these can be great motivation for them to work harder and to serve the people of the Republic of Yemen.
The total number of applications received from Yemeni and foreign investors reached 775 thousand with a total sum of $ 1,239,067,940.

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