Yemen plans US$5 billion investments in electricity infrastructure
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Thu October 21, 2010 11:31 pm

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.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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KUWAIT. Kuwait has built up very large fiscal and external net asset positions over many years, which will continue to help it weather the current low oil price environment; The overall fiscal and external balance sheets will remain strong, backed by a significant stock of financial assets.
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