Privatization starts with Aden Refinery [Archives:2001/03/Business & Economy]

January 15 2001

Preparations are underway to privatize Aden Refinery, as 51% percentage of the total value of the refinery would be offered for investment as has been declared by Prime Minister, Dr. Abubakr Al-Iryani to the Middle East Economic Digest. He also mentioned that the privatization of Yemenia Airlines is out of consideration in the time being. On another level, the World Bank Representative in Yemen, Gianni Brizzi that privatization in Yemen includes many services such as telecommunications, three cement factories, and the Drug Company.