Qatari Diar outlines plans to Yemeni PM

Qatari Diar CEO Ghanim Bin Saad Al Saad and the Yemeni Prime Minister Dr Ali Mohamed Majour.

Qatari Diar CEO Ghanim Bin Saad Al Saad and the Yemeni Prime Minister Dr Ali Mohamed Majour met yesterday to discuss the company’s initiatives across Yemen.

The Al Rayyan Hills development in Sana’a and future developments including a US $280 million Al Saleh Medical City development were discussed.

“Qatar’s commitment and friendship with Yemen is a long-term relationship, and we see strong potential in the country’s development in the business and tourist sectors,” Al Saad said.

In 2008, Al Yemania Al Qatariah Real Estate Investment and Development Company was established as a joint venture between Qatari Diar and Yemen’s General Holding Corporation for Real Estate and Investment Development (Shibam).

Advertisement

FEATURED COMMENT Please click here to comment on this article

That same year, the company launched the $600 million Al Rayyan Hills project - Yemen’s largest real estate development, spread over 440,000m2 and located in Faj Attan, one of the highest sites in Sana’a.

During the meeting Al Saad said the first phase of construction of Al Rayyan Hills would be completed “as soon as possible”. He did not give an exact date, but stressed the project remained one of Qatari Diar’s most important.

Qatari Diar currently has 60 projects underway across the world including, but not limited to, Qatar, Morocco, Egypt and Europe.

 

---