Investment Opportunities in Yemen [Archives:2007/1043/Business & Economy]
By:Yemen Times Staff
The upcoming conference for investment opportunities to be held next Sunday might be the start of a new era for the Yemeni economy. With investment opportunities worth over US$ 8 billion available for grabs, and around 150 regional and international corporations will take part in the conference, the Yemeni government is very optimistic about the outcome of the conference, indicating that the prime investment opportunities are in the fields of Energy, Oil & Gas, and Tourism.
This Conference aims to explore the various investment opportunities in Yemen to attract foreign investments, mainly from the GCC. The Republic of Yemen enjoys many assets such as its unique location, long strategic coastal strip, and the availability of cheap yet competitively skilled work force. These factors qualify the Republic of Yemen for attracting investment in various fields such Tourism, Mining, Energy (electricity and water), Real Estate, and several other sectors.
The conference will provide a unique opportunity for attendees and participants to develop relationships with key decision makers, policy makers, and economic and financial investment experts as well as local and regional businessmen and entrepreneurs. The conference has the potential to create a brilliant platform for the exchange of experiences, views, and ideas with senior officials and experts in the Gulf and Yemen.
Below is the list of investment opportunities which will be presented by the Yemeni authorities during the conference:
Health Sector
– A hospital for Cancer treatments – estimated cost: US$ 16 million
– A hospital for orthopedics, brain surgery and neurosurgery – estimated cost: US$ 30 million
– A hospital for kidney diseases and surgery – estimated cost US$ 10 million
– A hospital for heart diseases and surgery – estimated cost US$ 16 million
– Investing in drugs and medical supplies
Electricity and Water Sector
– A gas power plant in Ma'reb – estimated cost: US$ 200 million
– A gas power plant in Ma'abar – estimated cost: US$ 200 million
– A gas power plant in Belhaf, Shabwa – estimated cost: US$ 200 million
– Establishing desalination plants (in the framework of a comprehensive study for water in Greater Aden)
Agricultural and fisheries
– Classification and packaging of agricultural products – estimated cost: 5 million US$
– A factory for producing vegetable Oil in Hodiedah
– A salt production & refining plant in Aden – estimated cost: US$ 10 million
– A regional Cattle trade center in Al-Makha – estimated cost: US$ 20 million
– Poultry farms in Taiz and Dhammar
– Fishing for shrimps, shellfish and other crustaceans
– Artificial fish farms
– A plant for packaging and export of fisheries
Residential & housing projects
– 22nd May housing project in Aden – estimated infrastructure cost: 26 billion Riyals + US$ 15 million excluding construction costs.
– Unity residential project in Capital Secretariat – estimated infrastructure cost: 26 billion Riyals + US$ 15 million excluding construction costs.
– Hope residential project in Hodeidah – estimated infrastructure cost: 18 billion Riyals + US$ 12 million excluding construction costs.
– Future residential project in Hadramut – estimated infrastructure cost: 18 billion Riyals + US$ 12 million excluding construction costs.
– President's city residential project in Lahj – estimated infrastructure cost: 18 billion Riyals + US$ 12 million excluding construction costs.
Transportation
– Dabbam port in Hadramut- estimated cost: US$ 641 million
– Khalfut port in Al-Mahara – estimated cost: US$ 70 million
– Al-Mukalla port upgrade – estimated cost: US$ 37 million
– A maritime transportation company – estimated cost: US$ 33 million
– A domestic Airline – estimated cost: US$ 100 million
– A cargo Railway – estimated cost US$ 150 billion
– A company for navigation and sea transport – estimated cost: US$ 20 million
– A passenger / cargo Land Transportation Company – estimated cost: US$ 35 million
Industrial Zones
– Hodieda Industrial zone – infrastructure construction – estimated cost: US$ 36 million
– Mukalla Industrial zone – infrastructure construction
– Capital Secretariat's Services and handicraft industrial zone – infrastructure construction
– Lahej Industrial zone – upgrade & second-phase development
– Belhaf's export-originated industrial zone
– Abyan's Industrial zone – infrastructure development
– Raw-Material zones in Al-Jawf, Maareb and Shabwa governorates
– Joint Economic zones between Yemen and Saudi Arabia as well as Yemen and Oman.
– Aden Free Zone – infrastructure construction – estimated cost: US$ 50 million
– An air Cargo and Goods village (Aden) – infrastructure construction – US$ 15 million.
Tourism Investment Opportunities:
– A resort and tourism village – Midi city and Dawima Island (Hodieda) – estimated infrastructure cost: US$ 7 million
– A resort and tourism village – Mount Sirr beach and Morq Island (Hodieda) estimated infrastructure cost: US$ 7 million
– A resort and tourism village – Al-Khokha (Hodieda) – estimated infrastructure cost: US$ 11 million
– A resort and tourism village – Ras Kotheib (Hodieda)- estimated infrastructure cost: US$ 7 million
– A resort and tourism village – Malak valley beach (Taiz) – estimated infrastructure cost: US$ 9 million
– A luxury resort and tourism village – Fukom-Emran (Aden) – estimated cost: US$ 120 million
– A resort and tourism village – Ras Omran beach and the Ozaiziya Island (Aden) -estimated infrastructure cost: US$ 13 million
– A resort and tourism village – Shahr beach (Hadhramout)- estimated infrastructure cost: US$ 7 million
– Dhaher valley recreational park (Sana'a)
– A maritime tourism & adventure company
– A desert tourism & sporting company
– A tourist mud village project (several locations)
– A tourist mountain village project (several locations)
– Chains of restaurants (several locations)
– A therapeutic tourism resort – Al- Raouda, sik & Soubir (Hadhramout)
– A therapeutic tourism resort – Jaref valley – Belad Al-rous (Sana'a)
– A therapeutic tourism resort – Hammam Ali (Dhammar)
– A therapeutic tourism resort – Howeimi (Karsh) Hammam (Lahej)
– A therapeutic tourism resort – The Joweiri Hammam and the Bamabed Hammam (Shabwa)
– A therapeutic tourism resort – The Zara Hammam (Ibb)
– A therapeutic tourism resort – The Sokhna Hammam (Hodieda)
– A therapeutic tourism resort – Damt (Al-Dhale'e)
Oil, Gas and Minerals Sector:
– An oil Refinery – estimated cost: US$ 700 million
– Upgrading Aden refinery – estimated cost: US$ 500 million
– Upgrading Mareb refinery – estimated cost: US$ 70 million
– An oil Treatment facility (Aden) – estimated cost: US$ 12 million
– A facility to produce petrochemicals – estimated cost: US$ 180 million
– Exploration and extraction of minerals (various locations)
Other Investment Opportunities:
– Glass manufacturing
– Cement manufacturing
– Car assembly
– Household electric appliances
– Iron fusion and other iron products
– Manufacturing of Sodium hydroxide
– Marble extraction and production
– Manufacturing and assembly of electronics and electronic components
– Paper recycling
– Ceramic and porcelain products
– Fertilizers
Source: Conference for exploring investment opportunities in Yemen
——
[archive-e:1043-v:15-y:2007-d:2007-04-19-p:b&e]
