Yemeni Businessmen to Fly to KSA [Archives:2001/11/Local News]

March 12 2001

A group of Yemeni businessmen will fly to the Kingdom of Saudi Arabia in the coming few days to continue discussions pertaining to the investments of Saudi businessmen in the Aden Free Zone as well as to explore the possibility of implementing mutual projects in the area. Mohammed Omar Ba-Mashmous, Chairman of Aden Chamber of Industry and Commerce said that the Saudi businessmen who visited Yemen recently said they were willing to implement a number of investment projects in Aden, mainly in the field of storage, trade and industry. Ba-Mashmous added that an area of around 3000 meter has been singled out for the Saudi investment in the Aden Free Zone whose total area is 8 hectares. He said that an agreement in this regard might be signed in this meeting.
A group of 80 Saudi businessmen visited Yemen last month in which the two sides agreed on the establishment of a Yemeni-Saudi Businessmen Council through which cooperation between them is to be enhanced. During that meeting around 20 Saudi businessmen expressed their willingness to invest in Yemen in different fields as well as expanding the scope of imports and exports between the two countries.