Yemen's Arab Iron and Steel Corp (AISCO) plans to spend $1.6bn to turn a plant, which started in 2005 and now sells 100,000 tonnes domestically, into a regional exporter that makes its own power, Reuters has reported. The firm, which is based in Aden's free-trade zone, plans to increase steel output to 1.5m tonnes in the next decade, managing director Ravinder Singh told the news service.
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