VOL. XXXIX

No. 10

4-December-1995

YEMEN

Yemeni Group Wins $400Mn Aden Free Zone BOT Contract

The Yemen Investment and Development Company (Yeminco) was awarded on 30 November a $400mn contract on a build- operate-transfer (BOT) basis for a period of 25 years for the construction of a free zone at the Port of Aden. Yeminco - owned by Yemeni investors and the Saudi firm, the Saudi Economic Development Company (Sedco) - won the contract from the Yemen Free Zone Public Authority (YFZPA) in...