ADEN, Oct. 11 (Saba)- The Aden Free Zeon (AFZ) signed a memorandum of understanding on Saturday with American Vicinage company to fuel ships.

Under the memo, the American company would carry out investment project for fueling ships at a total cost of $ 100 million.

The memo was signed by chairman of the zone Abdul-Jaleel al-Showaibi and board chairman of the American company.

Al-Showaibi said that the project would create around 300 jobs, adding that the project would help in attracting further American investments to Yemen.

For his part, the board chairman of the American company highlighted strategic location of Aden for navigation regionally and internationally.

He praised facilities offered by the administration of the zone for investors within Yemeni law of investment.

AH