Saudi investor to build cement factory in Yemen [Archives:2006/931/Business & Economy]

Saudi investor Hussein Al-Attas announced completion of registration procedures for constructing a $533 million cement factory in Yemen with an annual production capacity of 3 million tons.

Al-Attas also said there soon will be an announcement of international tender to supply the factory, as well as conducting a geological and technical study and an ecological impact evaluation of the area where the factory is to be built.

In a Yemeni press conference, the Saudi investor said the plant will be built in the city of Ahwar in Abyan governorate according to the world's latest technical and technological specifications. He added that the factory aims to meet Yemen's cement needs, with remaining quantities exported to Gulf States.
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