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FINANCIAL NEWS
Yemen to invest $5b in power projects
21 Oct 2010
(MENAFN) Yemen’s Deputy Prime Minister & Minister of Planning and International Cooperation said that the government is looking to invest $5 billion in developing and expanding its electric infrastructure and capacity, Reuters reported.
The announcement was made at the third International Yemen Oil, Gas and Minerals Conference (YOGM Conference) which ran on October 18 and 19 at the Movenpick Hotel in Sana�a.
The minister affirmed that the Yemeni government would fund 20 per cent of the projects while the rest would be funded by investors and international donors such as the World Bank.
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