VOL. XXXIX

No. 26

25-March-1996

YEMEN

Yemen Signs $500Mn Aden Free Zone Contract

On 18 March the Yemen Free Zone Public Authority (YFZPA) signed a final contract worth $500mn with the Yemen Investment and Development Company (Yeminco) for the construction of a free zone at the port of Aden on a build-operate- transfer (BOT) basis covering a period of 25 years. The decision to award the contract to Yeminco - a joint venture firm owned by Saudi investors, the Saudi International...