ID :
113264
Wed, 03/24/2010 - 16:01
Auther :
Shortlink :
https://oananews.org//node/113264
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Mubadala explores investment opportunities in Yemen
Sana'a - March 24, 2010 (WAM)- The delegation of Mubadala Development Company held talks with HE Ameer Al-Aidaroos, Minister of Oil and Minerals of Yemen in the presence of HE Khalid Ghanim Al Ghaith, Assistant Foreign Minister for Economic Affairs on investment potential in the fields of oil, gas and minerals and the possibility of entering into a partnership in different fields in the Republic of Yemen.
During the meeting, the Minister of Oil and Minerals and Mubadala delegation discussed the possibility of establishing a petrochemical industry through the exploitation and collection of gas in a number of productive sectors.
The company's delegation submitted a proposal on the type and forms of partnership in which Mubadala wants to invest, including cooperation with SAFER E'&'P Operations Company. In addition to the establishment of a joint venture between Yemen and the UAE to exploit investment opportunities in a number of areas.
For his part, Minister of Petroleum and Minerals referred to UAE-Yemeni distinguished relations pointing out to the growing economic ties between the two countries which is witnessing development in various fields.
He reviewed the advantages and investment opportunities in the oil fields in Yemen and the facilities provided to investment companies in this aspect.
During the meeting, the Minister of Oil and Minerals and Mubadala delegation discussed the possibility of establishing a petrochemical industry through the exploitation and collection of gas in a number of productive sectors.
The company's delegation submitted a proposal on the type and forms of partnership in which Mubadala wants to invest, including cooperation with SAFER E'&'P Operations Company. In addition to the establishment of a joint venture between Yemen and the UAE to exploit investment opportunities in a number of areas.
For his part, Minister of Petroleum and Minerals referred to UAE-Yemeni distinguished relations pointing out to the growing economic ties between the two countries which is witnessing development in various fields.
He reviewed the advantages and investment opportunities in the oil fields in Yemen and the facilities provided to investment companies in this aspect.
