Al Qudra Unit to Develop Luxury Project in Yemen

Al Qudra International, the international investment arm of Al Qudra Holding, recently signed an agreement with the General Investment Authority in Yemen, to develop the Abraaj Sana’a project in Sana’a city, a statement said on Sunday.

Abraaj Sana’a comprises residential and commercial towers, a shopping centre, a luxurious hotel, as well as villas, diplomatic club, and a variety of services and innovative facilities with the highest standards of security and safety.

The agreement was signed in the presence of Shaikh Abdullah Bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, and a number of senior political and economic personalities.

Salah Salem Bin Omeir Al Shamsi, chairman and managing director of Al Qudra Holding, said: “Our decision to develop the Abraaj Sana’a project is in line with Al Qudra International’s long term vision, and its determination to develop unique and luxurious projects throughout the world.

“We chose to invest in Yemen as Al Qudra strongly believes that Yemen’s market has the right and distinctive mix of factors of success within the region.”

According to the agreement, Al Qudra International, in association with Yemen’s General Investment Authority, will commence the processing of the project’s infrastructure, in terms of laying roads, electricity connections, sanitation and other services.

In order to boost tourism in the Yemeni capital, Abraaj Sana’a will include swimming pools, landscaped gardens, tennis courts, parking space and other facilities.

Source: Zawya