LOC10:28
07:28 GMT
SANAA, Jan 3 (KUNA) -- Yemen will present vital projects to Arab investors during the Arab Economic Summit, set to be held in Kuwait on January 19-20, said Minister of Commerce and Industry Yahya Al-Mutawakil on Saturday.
In a statement carried by local press, the minister said that of those projects was the free trade zone in Aden and electricity generation plants.
"Yemen will focus its vision on the inter-Arab electricity linkage project, as well as the railway network, and giving the private sector a greater role to play through establishing Arab investment banks to finance development projects," he said.
He said the Arab countries had prepared some 400 projects for the summit, but the global economic crisis may weaken some expectations.
Al-Mutawakil added that his country would call for consideration of conditions in less-developed countries and establishing an Arab development fund that would ensure a balance in the development equation among the different countries. (end) az.ema KUNA 031028 Jan 09NNNN