New Car Tyre Factory Proposed in Yemen
Abdul-Galil Shaif al-Shaibi, vice chairman of the Yemen General Free Zones Authority and Aden Free Zone (AFZ) met with a delegation from the UAE on on 25 October. During the meeting the delegation, chaired by director of Bin Sooda Investment Companies Kareem Far’a reportedly “expressed a desire to establish a factory for producing cars tyres in Aden Free Zone.”
According to Yemeni news reports, the factory is initially expected to serve markets in the Middle East and the Horn of Africa. Abdul-Galil Shaif al-Shaibi reportedly indicated that AFZ may offer investment opportunities and facilities due to the Port of Aden’s strategic importance in the region.