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SANA'A, May 10 (Saba) - The capital of foreign investment projects registered in Yemen in the 1st quarter of 2011 has raised to nearly YR 5.5 billion for 5 projects.

A report issued by the General Investment Authority (GIA) indicated that the foreign projects' capital of the 1st quarter of 2011 has registered an increase of over YR 4 billion, compared to YR 1.4 billion for 7 projects registered in the same period of 2010.

The report showed that the 2011 registered foreign projects were from Kuwait, UAE, China and Uzbekistan.

The report pointed out that the projects' fixed assets amounted to over YR 735.2 million and will provide about 136 job opportunities.

According to the report, Kuwait was topped the list of the registered foreign projects at a cost of YR 5.25 billion for an investment project, followed by China with a capital of YR 95 million for two investment projects.

The UAE is placed in the third position registering an investment project at a cost of YR 62.8 million, then an investment project worth YR 53.5 million for Uzbekistan.

HA/AF