YEMEN. HE Abdul-Karim Al-Arhabi, Deputy Prime Minister & Minister of Planning and International Cooperation announced Tuesday that Yemen is looking to invest US$5 billion in developing and expanding its electric infrastructure and capacity.
The announcement was made at the 3rd International Yemen Oil, Gas and Minerals Conference (YOGM Conference) which kicked off its activities in Sana'a.
The minister stated that the Yemeni government would fund 20% of the projects while the rest would be funded by investors and international donors such as the World Bank.
The 3rd International Yemen Oil, Gas and Minerals Conference was held from 18-19 October at the Movenpick Hotel, Sana’a, Republic of Yemen.
The two-day event is held under the auspices of HE Ali Abdullah Saleh, President, Republic of Yemen, has strong government support and is witnessing keen interest from international companies in the oil and minerals sector.