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Saudi-Yemeni Joint Capital To Finance Ten Industrial Projects - ASHARQ AL-AWSAT English Archive
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Sanaa, SPA — The Chairman of the Board of Directors of Jeddah

Company for International Exhibitions, Dr. Abdullah Meraiey Bin Mahfooz, said on Wednesday that the Saudi-Yemeni Joint Economic Council, established 2 months ago, has set up a plan to implement 10 industrial projects during the next 5 years from the capital provided by both Saudi Arabia and Yemen.

In a press statement, Dr. Bin Mahfooz praised the agreement signed by Prince Sultan bin Abdulaziz, the Second Deputy Premier, Minister of Defense and Aviation and Inspector General and Yemeni Prime Minister, Abdulqader Bajamal, under which the Kingdom will provide $ 150 million to the Industrial Development Fund in financing execution of developmental projects in Yemen during 2005

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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