World Trade Centers Holdings (Cyprus) Ltd


World Trade Center Sanaa



Location: Yemen

The legendary home of the Queen of Sheba, Yemen has been at the crossroads of Africa, the Middle East and Asia for thousands of years thanks to its position on the ancient spice routes.  It is a country located in Western Asia, occupying the southwestern to southern end of the Arabian Peninsula. Yemen territory includes about 182 Islands, the Largest is Soqotra. Yemen was reunified in the Republic Of Yemen in 22nd May 1990 with H.E. Ali Abdulla Saleh the president of the Republic of Yemen. Yemen is one of the oldest centers of the civilization in the world. It has a long history of international trade. Mineral resources in Yemen have not yet been accurately assessed or fully exploited, but are thought to be large.  Copper deposits were found near Ta'iz in 1969 and oil was discovered in 1972. It is known that further rich mineral deposits exist, chiefly of zinc, iron, lead, gold, silver, copper, sulphur, cobalt and nickel.

Full name: Republic of Yemen
Population: 27,392,779 (July 2016 est.)
Capital: Sanaa
Area: 536,869 sq km (207,286 sq miles)
Major language: Arabic
Major religion: Islam

Yemen is a low income country that is highly dependent on declining oil resources for revenue. Petroleum accounts for roughly 25% of GDP and 70% of government revenue.  Yemen has tried to counter the effects of its declining oil resources by diversifying its economy through an economic reform program initiated in 2006 that is designed to bolster non-oil sectors of the economy and foreign investment. In October 2009, Yemen exported its first liquefied natural gas as part of this diversification effort.

GDP: $31.33 billion (2015 est.)

GDP by Sector: Agriculture: 23.6%, industry: 8.9%, services: 67.5% (2016 est.)

Exports: $124.3 million (2016 est.)

Main Exports: Crude oil, coffee, dried and salted fish, liquefied natural gas.

Imports: $3.624 billion (2016 est.)

Main Imports: Food and live animals, machinery and equipment, chemicals.

World Trade Centers Holdings Cyprus holds the license for Sanaa, which is one of the oldest continuously inhabited cities in the world.  At an altitude of 2,300 metres (7,500 ft), it is also one of the highest capital cities in the world.  The old city of Sana'a, a UNESCO World Heritage Site, has a distinctive visual character due its unique architectural characteristics, most notably expressed in its multi-story buildings decorated with geometric patterns.  As the capital city of Yemen, 40% of jobs in Sana'a are in the public sector. Other primary sources of formal employment in the city are trade and industry.  Like many other cities in the developing world, Sana'a has a large informal sector which is estimated to constitute 32% of nongovernmental employment.

Telephone: +357 25 588116
Fax: +357 25 588299
Website: WTCA profile, Sanaa