Investing in an aluminum foil factory in Yemen represents an investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, strengthen the foundations of economic stability, increase the country’s exports, and raise per capita GDP by accelerating industrialization and encouraging public-private partnerships.
What is an aluminum foil plant?
The aluminum foil factory produces aluminum foil in various thicknesses and lengths upon request. Aluminum foil is widely used in the packaging of medicines, cosmetics, and food products such as juices, beverages, dairy products, and more. Mashroo3k Consulting Company indicates in its latest studies that Yemen is one of the most promising countries for an aluminum foil factory project.
In 2020, the global aluminum foil market was valued at About 28.4 billion US dollars, and the value is expected to reach Global Aluminum Foil Market To USD 47.4 billion by 2027, at a CAGR of 4.5% during the period 2021-2027.
In 2020, Yemen’s imports of aluminum foil amounted to Its products are valued at approximately US$96.9 million, and the figure rose to US$115.9 million in 2021. It is expected to exceed Yemen’s aluminum foil imports are expected to reach $220 million by 2027.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
