Construction of first steel plant in Hudaida begins
The Source: www.sabanews.net - 7/12/2009
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The Chinese-Yemeni Steel Company ' Star' has already started the
construction of the first steel plant in the industrialized zone in
Hudaida province .
The project which would be implemented in three phases will cost $ 75 million.
The
company started in November implementation of the first phase of the
project which included the setting up of concretes of the plant and
residential complex that covers 194 thousand square meters, director of
the Industrial Zone in Hudaida Abdullah al-Bukari said.
The
cost of the first phase is estimated at $ 25 million and the plant will
produce during his phase 200 thousand tons of steel a year.
The project would be launched officially in May providing jobs for 300 Yemenis and 100 foreigners.
The 13 megawatt-electricity station which would be used to operate the plant will arrive in Yemen during this month.
At
the second phase of the project, the plant will produce 400 thousand
tons of steel a year and by 2010 after the three phases of the project
complete the plant is expected to produce 1 million tons annually.
As
we find the project shows success, other Yemeni-Chinese companies would
be set up that will produce foods, phones and electronics, Chinese
executive director of the project Yang Shumen said.
The
Yemeni-Chinese Steel Company, in which China holds 80 percent, obtained
in July a license to establish the plant at the Industrial Zone in
Hudaida province.
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