SANA'A, Nov. 11 (Saba)- The International Ltd Nautilus Asset Management firm announced on Sunday its readiness to increase the volume of its investments in Yemen to $70 billion for the coming ten years in various field.

In a press conference held in Sana'a, the chairman of the firm Ken Jones said that a understanding memo has been signed recently by the firm and Electricity and Energy Ministry to generate wind power and its capacity of 1000 megawatts.

Jones pointed that the power project would be one of 12 strategic projects the firm intends to implement in the country.

Jones noted that the 12 projects would provide a large number of jobs opportunities for Yemeni workers.

"We expect to provide more than 3000 jobs in the project of an oil refinery and more than 10000 jobs in a railway project", said Jones.

WS/YA