Al Qudra International signs an agreement to develop ‘Abraaj Sana’a’ with the General Investment Authority in Yemen.
In the presence of Sheikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs of the United Arab Emirates and a number of senior political and economic personalities, Al Qudra International, the investment arm of Al Qudra Holding abroad, recently signed an agreement with the General Investment Authority in Yemen, to develop “Abraaj Sana’a” project in Sana’a’.
‘Abraaj Sana’a’ consists of residential and commercial towers, a shopping centre, a luxurious hotel, as well as villas, diplomatic club, and a variety of services and innovative facilities.
Eng. Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director, Al Qudra Holding said: “Our decision to develop ‘Abraaj Sana’a’ project is inline 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.
Beside the commercial and residential towers, villas, prestigious clubs, furnished apartments, and the huge shopping center, ‘Abraaj Sana’a’ includes landscaped green areas, swimming pools, tennis courts, parking spaces, and other advanced facilities, which will make this project a major tourism destination within the Yemeni capital.
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