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Czechs Have Signed a Giant Contract With a Sheikh Within the Bin Ladin Family

September 1, 2008

CZMT (Czech Republic), technological unit exporter, signed a contract worth CEK 17 bil with the company Middle East Development (MED) in Aug 2008. It is a contract on supplies of technological units to the Yemen Arab Republic and Dzibutsko. Czech companies will build cement works, iron works and a power plant in these countries according to the contract. CZMT has already obtained trust of the company MED before thanks to a contract on building of cement works worth EUR 250 mil in the Yemen Arab Republic which was signed in 2006. The company MED is controlled by the sheikh Bandar Tarik in Ladin.

(c) 2008 Access Czech Republic Business Bulletin. Provided by ProQuest LLC. All rights Reserved.




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