Local News

Saudi investors lose money in Yemen

National Yemen

Free Trade Zone

Yemeni investors working with Saudi princes have stated that certain princes have suffered huge losses in projects in Sana’a, Aden, Mukalla, and Taiz.

According to the Yemeni investors, as a result of fighting in Abyan in 2011-2012 and the resulting sharp decline in tourism and investment, the princes were forced to spend large amounts of money on workers and security arrangements for their projects.

Saudi investments in Yemen top the list and have reached a billion U.S. dollars over the last five years.