New investments in Hadhramout and Mahrah

Chairman of Industry and Chamber of Commerce in Hadhramout, Omer Ba-Jarash, revealed that four international companies have presented their applications to develop and manage a Mukalla port, build a new port in the Dhabah area in al-Shaher and to establish a joint company with the Arab Sea Ports Authority.

Ba-Jarash affirmed that a Saudi group voiced its willingness to establish a company and invest in the free trade zone in al-Wadiah outlet. 

He added that another Saudi group also voiced its readiness to invest in the Socotra Archipelago through establishing a joint company between the citizens and the government and the private sector. 

Ba-Jarash revealed that two UEA investment companies and three Saudi companies have shown their interest in establishing tourist hotels and luxury towns on the coast line of Hadhramout and Mahrah provinces.

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