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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatari Diar to restart USD600mln Yemen project

Posted on 02 December 2013

Qatari Diar, the Qatari developer, is planning to resume work on a USD 600 million real estate project in Yemen, a newspaper in the Gulf kingdom reported on Monday. Nearly 44 villas were constructed in Al-Rayyan Hills (Sanaa) before the company was forced by war to freeze work, a senior official told the Qatari Arabic language daily Sharq.
The project is being developed by Al-Yemania Al Qatariah Real Estate Investment and Development Company - a joint-venture between Qatari Diar and Shibam Holding, which is owned by the Yemeni government………………………………Full Article: Source


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