VOL. XLVI

No 50

15-December-2003

INFRASTRUCTURE

YEMEN

National Cement Company Established In Yemen

The Yemeni General Investment Authority has established a National Cement Company with capital of YR11.1bn ($60mn) to undertake a cement project in Malah in the southern province ofLahaj, with an investment of some $150mn. According to a report in Arabic daily al-Hayat on 21 November, the company will open a large part of its shares to public subscription, allowing Yemenis to invest in what it calls a...