Steel factory to be built in Mukala [Archives:2006/913/Local News]
SANA'A, Jan. 18 – A steel factory is to be built in Mukala in Hadramout governorate. The cost of the factory, which will be the first steel factory in Yemen, is estimated to be $26 millions. An official in the Chamber of Commerce told the media that the factory, which is funded by a number of Yemeni investors, would start production at the end of this year. The factory will have a capacity of 120 thousand tons. However, it will reach 300 thousand tons when the project is completed.
The source added that the factory would produce building steel with different sizes and measurements, together with the Hangers' steel and other iron works. The factory will cover the needs of Hadramout and other neighboring governorates. It will furnish jobs for 300 employees and will be managed by foreign technical experience.
The erection of the factory will start in March 2006. It will be in Salab area in Al-Rayan, 50 kilometers north east of Mukala, on an area of 180 sq meters.
The project is one of the strategic projects that Hadramout will witness in 2006 along with other investments, such as Hadramout refinery, which will cost about $900 million. There is also a cement plant that will cost $260 million. In addition, resident tourist cities of Durat Al-Mukala and Joharta Al-Mukala, costing YR 8 billion and $300 million respectively, are to be built on the coast of the Arab sea.