Iranian firm to build electricity transfer pylons in Yemen [Archives:2005/869/Local News]

August 18 2005

Iran's Parsian company has signed a contract to build electricity transfer pylons for Yemen's Marb power plant.

The Yemeni State News Agency reported Monday that the contract with a value of US$45 million is financed by Yemeni government and the Arab Fund for Economic and Social Development.

The Iranian firm is to build four electricity transfer pylons, it added.

Iran and Yemen inked several agreements in various areas during President Mohammad Khatami's visit to Sana'a in May 2003.

The 7th Iran-Yemen Joint Economic Commission was held in June and the two nations stressed on speedy execution of all agreements signed.

Iran and Yemen inked earlier in the year seven agreements of cooperation in areas of customs, standards, tourism, chambers of commerce, and television as well as removing double taxation on trade and investments.