[11 October 2008]

Aden, Oct. 11 (Saba) - A German Company has finalized studies concerning the establishment of an Iron Factory in Sector /L/ in the industrial zone at Aden Free Zone (AFZ).

The AFZ's head Abdul Jalil al-Shu'aibi told Saba that this company is the first from Germany invests in the AFZ and would contribute to attracting Germen capitals to invest here and to avail from the merits the Yemeni Investment Law offered to Arab and foreign investors.

He said that the project - costs $ 60 million on 70.000 M² - would assist in providing many job opportunities and encourage Arab and foreign capitals to invest in the industrial zone.

The AFZ has witnessed last two years great development in field of offering facilities for investors in the various fields, al-Shu'aibi said, expecting more progress in Aden in the coming two years.

AF/AF


Saba