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UAE firm unveils $500-mn worth of projects in Yemen
Middle East News.Net
Monday 24th March, 2008 (IANS)
The United Arab Emirates (UAE)-based Emirates Investment Group (EIG) has announced 1.8 billion dirhams ($500 million) worth of projects in the Yemeni capital of Sana'a.
The projects, which fall within a series of signature projects that EIG plans to launch in Yemen, will be in prime locations, the company said in a statement.
Strategically located 10 km from the new airport expansion, 2.5 km to the east of Old Sana'a City, the plush Sana'a Terraces overlooks the Movenpick Hotel Sana'a, one of the most exclusive hotels in the Yemeni capital.
It will cover an area of 140 million square metres comprising neatly designed residential and commercial units, while Sana'a East will consist of residential and commercial units, and hotel apartments.
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