Mohammed Mohammed Salah, a member of the board of directors of Sanaa’s Chamber of Commerce and Industry, highlighted the positive outcome of the meeting of Saudi and Yemeni businessmen which was recently held in the Kingdom of Saudi Arabia.
In a statement on Saturday, Salah said that the two sides agreed to establish a joint tourism investment company with a capital of $100 million.
Saudi Arabia and Yemen, will each own forty per cent of the company’s shares, and the remaining twenty per cent will be floated for subscription.
The company will implement tourism investment projects. The two sides have agreed to hold a further meeting in March 2004, in Sanaa.
Source: SPA
