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German Company finalizes to establish Iron Factory in AFZ
Aden Published in Saudi Press Agency on 11 - 10 - 2008

A German Company has finalized studies concerning the establishment of an Iron Factory in Sector /L/ in the industrial zone at Aden Free Zone (AFZ), Saba reported.
The AFZ's head Abdul Jalil al-Shu'aibi told Saba that this company is the first from Germany invests in the AFZ and would contribute to attracting Germen capitals to invest here and to avail from the merits the Yemeni Investment Law offered to Arab and foreign investors.
He said that the project - costs $ 60 million on 70.000 M² - would assist in providing many job opportunities and encourage Arab and foreign capitals to invest in the industrial zone.

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