$18 Million Aquaculture Project in Hadhramout

The Fish Site
by The Fish Site
5 August 2008, at 1:00am

YEMEN - A German investment company is carrying out the final arrangements to start construction of an aquaculture project in Hadhramout in the last quarter of the year.

This, according to the Yemen news agency SABA is to be the first of its kind in Middle East at $18 million, 26 September reported on Monday.

The German company signed contracts with al-Zabi Corporation to implement the project.

The news agency says that according to the contract, the corporation shares 50% of the capital of the project.