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Yemen mixed use project launched

by Benjamin Millington on Nov 5, 2009

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The project is located in the Yemeni capital of Sana'a
The project is located in the Yemeni capital of Sana'a

The Yemeni Prime Minister Dr Ali Mohammad Majawar launched the first phase of construction for a new mixed use project in the country’s capital Sana’a today according to a statement released by developer Qatari Diyar.

Majawar led media and distinguished guests on a tour of the site where he officially announced the groundbreaking of the Al Rayyan Hills development, it said.

Phase one of construction will commence immediately and include land-leveling work and the building of 172 luxury villas and a residential tower, in addition to the development's basic infrastructure. Consolidated Contractors Company (CCC) was selected to carry out design and construction of the project.

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IS this beginning of real estate develpements in Yemen

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The project is being developed by Al Yemania Al Qatariah Real Estate Investment and Development Company, a joint venture between Qatari Diar and Yemen's General Holding Corporation for Real Estate and Investment Development (Shibam Holding).

Located in Faj Attan, one of the highest sites in southern Sana’a, the development will cover a 400,000m2 hilltop site and include a five-star hotel, a range of residential villas, luxury apartments as well as shopping, entertainment and business destinations.

Qatari Diar’s DCEO of operations Dr Hassan Al-Fadala said the project had been designed to specifically suit the ancient city.

"Taking into account the time-honored architectural tradition of Sana'a, we have designed this development to express the ancient architectural style of Yemen in a modern template,” he said.

“The final master plan is a compendium of comprehensive architectural, engineering and environmental studies undertaken to accommodate the surrounding environment, keeping in mind considerations for sustainable development and energy conservation.

“It outlines Qatari Diar's vision to develop and promote this vital project in downtown Sana'a as a prime investment destination both locally and internationally.

“The project also serves Qatari Diar's commitment to encouraging the real estate sector in Sana'a, which is bursting with opportunities for further development and investment.”




Readers' Comments


gulseema (Nov 8, 2009)
florida
USA

question
IS this beginning of real estate develpements in Yemen


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