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Dubai: Sheikh Tariq bin Faisal Al Qassimi, EIG’s Chairman announced the projects – Sana’a Terraces and Sana’a East – yesterday in the presence of Yemeni Prime Minister Dr. Ali Mohamed Mujawar.
The $500 million developments, which fall within a series of signature projects that EIG plans to launch in Yemen, will fall in prime locations. Strategically situated 10 kilometres away from the new airport expansion, 2.5 kilometres 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 covers an area of 140 million square meters comprising neatly designed residential and commercial units, while Sana’a East will consist of residential and commercial units, and hotel apartments.
Sheikh Tariq bin Faisal Al Qassimi said: “Given the rich history of Yemen and its influential cultural heritage, it is a prime destination for this level of property development. These two projects will be new landmarks that reflect the great cultural stature of the country and its pre-eminent historical significance. The innovative designs will pay tribute to the ancient civilizations of the country, bearing in mind that Yemen is the cradle of the world's oldest civilisations. It was part of the Sabaean, Awsanian, Minaean, Hadhramawtian, and Himyarite kingdoms, and original home to the ancient Arabs.”
The designs of Sana’a Terraces have been conceptualised to provide an unpretentious lifestyle in harmony with the natural surroundings, featuring open spaces and wide valleys extending to the centre of the city, creating a picturesque landscape.
The project consists of 200 apartments, 101 terrace villas, 61 villas and 85 traditional houses. Amenities include a mosque, swimming pool, tennis court and a rural club that will be a meeting point for families to enjoy social and sporting activities. The project will be developed over a period of three years.
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