Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

yemen

Donors Pledge $55Mn To Yemeni Wind Project

The Arab Fund for Economic and Social Development (AFESD) and the World Bank (WB) have donated a combined $55mn to help finance a 60mw wind power project in Yemen. AFESD will contribute $35mn to the $125mn project, with WB contributing $20mn. The facility will be constructed at the western port city of Mokha in Ta'izz province as a means of promoting increased private sector investment in...