Friday, 25 January 2013

Yemen Infrastructure Report Q1 2013

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Yemen Infrastructure Report Q1 2013
Jan 25th 2013, 00:00

BMI View: Yemen continues to face both political and economic difficulties that threaten to hampergrowth in its construction and infrastructure industry. We forecast that the contraction seen by the sectorover 2011 and 2012 will continue, but at a slower rate. We expect a year-on-year contraction of 1.8% for2013, taking the industry''s value to US$2.0bn. Weak growth is set to return from 2015 onwards, withindustry value expected to reach US$4.4bn by end-2021.Key developments in the sector:?? Yemen''s electricity and energy minister, Saleh Sumai, has announced that the ministry is tosupply 500 megawatts (MW) of additional power by mid-2013. He also announced contr...

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