Geneva: Yemen joined the World Trade Organisation this week and is adamant that it can now move ahead and transform itself into a maritime hub.
Years of political strife have harmed prospects for this well located Gulf country.
Saad Al Deen Ali Salim Talib, Yemen’s trade minister, said: “We have easy access to three continents, Africa, Asia and Europe. Our location is on the highway of trade. Our port in Aden is three hours away from the highway.”
Yemen’s WTO admission will take the Geneva-based organisation’s membership to 160 when it comes into force officially on June 26.
The development of Aden port includes deepening and expanding the dock, and installing new cranes and to boost the capacity of the port to 1.5m teu, in addition to building a storage yard for containers and services and a maintenance workshop. [29/05/14]