Egypt - El Sewedy to set up cable plant in Yemen - 0 views
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Panos Kotseras on 29 May 09El Sewedy Cables announced that it will establish a low-voltage power cable plant in Yemen. The investment of the project will amount to US$42M and it will be the first cable manufacturer in the country. The capacity of the plant will be 12,000t of copper and aluminium cables per annum. The project, to be build on government leased land and tax exempt for five years, will be a joint venture between El Sewedy Cables (70%) and Hassan & Masoud Abo Gaig (30%).