Over 60 investment projects licensed in AFZ worth $ 525 mln

ADEN, Sep.04 (Saba)- The
Aden Free Zone (AFZ) has licensed 61 investment projects at a total cost of UAD 525
million
during June 2009- June 2010.
A statistical report issued by the AFZ, Saba got a copy of it, revealed that the
project, would provide 5,470 job opportunities.
The report pointed out that the licensed projects were distributed to 15 industrial
projects, 10 storage projects, seven trade projects, six tourist projects, 18
service
projects, four housing projects, and a project for the development of the projects
infrastructure.
The projects being under implementation of the projects above amounted to 46
investment projects at a cost of USD 224.9 million and provided about 2,148 jobs
for Yemeni
skilled labor.
The report pointed out that the number of agreements and memoranda of understanding
signed by the AFZ with local and foreign private sector companies during the same
period,
amounted to 17 agreements, while the total number of land lease contracts reaches 43
contracts for the AFZ's lands.
BA