1.4 Other Sectors

Mineral: Over Seventeen Multinational companies involved in oil and gas exploration and production. Till the year 2000 A.D. Oil Production will not reach 500,000 barrels per day. The French Company Total and consortium then can derive handsome income from the Gaz as the government attempts to market the Gaz production in the Far East, Turkey. Competitors buyers from elsewhere will be welcomed. Other minerals such as Zinc, Aluminum, Gold, etc. discovered in the Eastern/Western provinces in large quantities. Chances still available for serious inquiries in exploration and production.

Trade and Service Activities:

When ADEN FREE ZONE being taken its place practically mostly after 2 years could be the global that we can meet as businessmen building our mutual relationship in every aspect.

ADAN DISTRIPARK PHASE 1 & 2

CONCLUSION

Please propose or specify the SORT or manner of AGREEMENT or if likely other arrangements of RELATIONSHIP. Please, if project initially approved, please prepare drafts of the FORMALITIES, BUDGETING, GRACE PERIOD, COMMENCEMENT, SUGGESTED DURATION OF AGREEMENT including TERMINATION, etc.

Your views will be highly considered with open minded in order to reach reasonable agreement for our mutual benefits. If you can recommend reliable contractor of INTERNATIONAL BIG SIZE will agree to your DIRECT payments to them upon progress of work if approved by our Supervised Representative Engineer, and for Furniture, Equipment, etc. to be imported under L/C to be established by your goodselves, choiced by contractors "Decorations" Engineer, approved by our representative and finally the entire project when completed to be handed over to an International Hotel Management, who can retain amounts due to you automatically.

Please bear in mind that the entire PROJECT could be mortgaged your favour under Yemen Law, any additional mortgage required abroad, is possible, pending recovery of finance. Yemen Investment Law permits your reimbursements of finance plus your benefit in any currency you require payable abroad. Please refer to the General Investment Authority of Yemen (for laws, regulations, etc.) at http://www.giay.gov.ye/.