[09/December/2008]

SANA'A, Dec. 09 (Saba) - A Yemeni-Saudi Businessmen Council (YSBC) intends to establish soon two joint companies for Marketing and transport.

The head of the investment committee in the Yemeni General Federation of the Chambers of Commerce and Industry Saeed Ba-Neaymoun told the state-run 26sep.net that the announcement of establishing the two companies would be during the meeting of the YSBC in Mukalla city on 20 – 23 December.

The meeting will be coincided with convening the conference of "Industry is Yemen's future" organized by the Chamber of Commerce and Industry of Hadramout. A number of Saudi businessmen and former Malaysian Prime Minister Mahathir Mohamed will attend the conference.

Ba-Neaymoun said that the YSBC is determined to carry out joint-capital company for transport and marketing in addition to a joint fund for financing future studies and projects would be set up shortly.

The YSBC will review scenarios to speed up the establishment of the industrial zone in joint economic al-Wadiea'ah outlet, which was agreed upon in May 2006 as well as discussing smoothing the commercial exchange and the goods flow between the two countries.

AF/AF

Saba