Yemeni Assas company signed Wednesday with Chinese CMS and Hong Kong Mix More companies a partnership agreement to establish a cement plant in Abyan governorate with daily production capacity 5000t.
The project, which will cost US$240m represents a direct fruit of president Saleh’s visit to Hong Kong last year.
Hussein bin Shuailah, the representative of Shuailah Group Co, signed the agreement on the Yemeni side and the chairman of CSM company, on the Chinese.
Yemeni-Chinese cooperation has achieved great improvement during the past three years. The total cost of Yemeni- Chinese trade reached more than three billion dollars.