Yemen to invest $5bn in power projects
Sana'a, October 20, 2010
Yemen is looking to invest $5 billion in developing and expanding its electric infrastructure and capacity.
The announcement was made at the third International Yemen Oil, Gas and Minerals Conference (YOGM Conference) which ran on October 18 and 19 at the Movenpick Hotel in Sana’a.
Abdul-Karim Al-Arhabi, Deputy Prime Minister & Minister of Planning and International Cooperation said the Yemeni government would fund 20 per cent of the projects while the rest would be funded by investors and international donors such as the World Bank. – TradeArabia News Service