Yemen and Dubai to jointly run Aden port

03 December 2007
Sanaa has revealed that it has reached agreement with International Dubai Seaport Company over the development and operation of the container terminal at the port of Aden.

The Yemeni transport minister, Khalid al-Wazir, says the country has signed a memorandum of understanding which establishes the principal of a joint Yemeni-UAE company to run the terminal.
Aden Seaports and Dubai Seaports will each own 50 per cent of the new company. A full structure for the new business will be established in December.
The minister denied reports that the UAE had threatened to withdraw investment in the port before the new agreement was reached.

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