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|Kuwait to Finance Two Projects On Socotra worth $ 52 Million|
Article Date: February 09, 2009
The Ministry of
Transport is to start during this year the construction of the first of
its kind trade port on the Socotra Island.
Minister Ibrahim Khalid Al-Wazeer said the concerned authorities at the ministry are currently finalizing the studies and designs for the $ 40 million project which would be financed by the Kuwaiti Development Fund.
Once the studies and technical designs are ready, the ministry will announce an international tender for the building of the port, the minister said.
The main purpose of the project is to boost the capacity of the Yemeni ports in addition to operating them economically well.
The Cabinet approved lately a Transport Minister's decision to reserve the land on which the project would be set up covering 1.3 million square meters in addition to 60 thousand square meters for other annexed facilities.
The government-owned Arabian Sea ports institution is expected to oversee the construction of the port which would be devoted for trade exchange due to its location between the Indian Ocean, the Arabian Sea and the Aden Gulf.
Al-Wazeer said the
construction of the project also comes within the government intentions
to enhance the Soctora Island infrastructure and to promote its
population income resources.
On the other hand, Kuwaiti Deputy Premier and Foreign Minister Sheikh Muhammad Sabah Al-Salim Al-Sabah laid on Monday along with Abu Bakr Al-Qirbi, Foreign Minister, the foundation stone of the Community College on the Socotra Island.
The college would be built at a cost of $ 12 million which would be provided by Kuwait.
The Soocotra Island located in the Indian Ocean is one of the Yemeni large islands. It is 510 miles from the Yemeni coasts and it covers 3650 kilometers.It enjoys great international support due to its biodiversity and was officially announced as one of the World Heritage Sites in July 2008.