Influx of foreign investment in tourism, housing sectors

SANA'A, June 05 (Saba) - The Chairman of General Investment
Authority (GIA) Salah al-Attar has said that Yemen would witness the
influx of investment projects in real states and tourist sectors in
spite of the current international crisis.

The Yemeni official was quoted by the state-run 26september as
saying that the last visit of Saudi Prince Al-Waleed Bin Talal to
Yemen has came out plans of implementing two large projects in the
real states and tourism sectors in the coming period.

Meanwhile, al-Attar also unveiled that the Qatari Diar Company
affirmed its readiness to carry out the Al-Rayyan residential city
in Sana'a and the al-Saleh medical city at a total cost of $ 280
million.

"It has been completed the necessary procedures to implement
al-Amodi company's project to establish Golden Life hotel in Sana'a
with approximately estimated at $ 150 million, including the
establishment of a five star hotel and a conferences center",

Al-Attar said the company has chosen an international contractor to
implement the project.