http://www.english.hadhramaut.info New port worth $ 240 million to be established in Hadramout [The Source: www.sabanews.net - 21/1/2009] Yemeni Corporation for Arabian Sea Ports will sign next week a contract with French specialized company for establishing new Hadramout Trade Port with the cost of $ 250 million, said Minster of Transport Ibrahim al-Wazir. Speaking to Saba, al-Wazir affirmed the French company would take time of eight months for revising and studying designs for establishing the new port. He added that the ministry is due to make tenders next month before specialized international companies for establishing the port. This comes in the frame work of the government's plans for raising competence of Yemeni ports and operating them in better economic way. He made it clear that the port, which will be constructed in Broom area, would be built the area of 11,888,200 square meters. The port would be constructed via two phases and would be assigned for free trade exchange due to its strategic location in the middle of Asia and Africa cotenants and between Bab al-Mandab and Hormos Straight. The ministers expected that the project will create great investment revival and trade exchange with regional and international countries. The port will bet the forth strategic ones in addition to Aden, Hudeidah and Mukalla ports.