Aden embraces giant investment projects costing US$ 10 billion |
|
Construction work has started in the Firdous Aden Residential and Tourist City project in Aden city's Al-Beraiqa district. The project is considered the largest among investment projects in Aden carried out by Al-Guaizi and Al-Salahi Instruction Companies.
The project aims to build a modern residential city of 16 million square meters on the coastal area between Faqim and Amran regions, stretching for 8 kilometers.
The project will contain five-star, four-star and three-star hotels in addition to a tourist and residential resort. It will also contain restaurants, cafeterias and markets, similar to the Sharm Al-Sheikh and Marina resorts in other Egypt. Furthermore, 2,000 villas will be constructed, many including swimming pools and gardens. There will be a special zone in the resort dedicated to housing presidential palaces which overlook the sea. Another residential zone will contain 1,400 buildings with a total of 16,000 apartments.
There are also many recreational facilities intended for the resort city. Amusement parks of the latest international technology and character will also be constructed. Tourist sites and yachts will be provided in the city, and there are designs to build the largest water park of its kind in the Middle East. A social club and a sports club will be equipped with sport and health facilities, and will supplement an athletic sports academy with trained technical staff.
The project also includes plans for world trade towers which will house international companies, banks and restaurants. Foreign and Arabic schools for all school levels will be built in the resort, in addition to a scientific university available for students who will live in the city and in nearby areas. To serve the health and medical needs of its residents, a medical complex will be built which will contain clinics for different medical specializations. The Firdous Aden Tourist City will also include a civic defense system and security stations. There will be infrastructure in place for a postal system, phone bill payment and car parks.
Those involved in the construction claim that the city was designed in a way such that it will be able to contest with the greatest tourist cities worldwide.
In addition to Firdous Aden Tourist City, other investment activities are significantly increasing day by day in Aden's Free ZoneAden's Free Zone
. The number of accredited projects currently amount to 75 companies and factories which employ 15.000 workers, according to Abdul Jaleel Al-Shuaibi, head of the Aden Free ZoneAden Free Zone. Al-Shuaibi stated that the international community is preparing a report about the future and strategic vision for the Free Zone in the upcoming period as part of the World Bank's project to develop port cities. He pointed out that the vision focused on the ways and means of developing the Free Zone's activity in Aden.
He further noted that all the concerned bodies should cooperate with each other in order to promote and develop activities in the Free Zone, which would serve to attract Arab and foreign investment projects into the area. He particularly stressed the importance of providing facilities and resources to create a better investment atmosphere.
He explained that licenses were given to the international companies which established their offices in containers' stations in the Aden Free ZoneAden Free Zone
. For example, a number of companies including perfume and steel factories were recently inaugurated, with preparations to open the factories in the future. The companies had received licenses from the General Authority for Investment Attraction, which aims to attract businesspeople to invest in Yemen.In the near future, Aden is preparing to host the Gulf 20 sporting event. The area has plans in the making for the construction of more hotels in order to accommodate the expected influx of local and international tourist groups, particularly given that preparations are in the making for the Gulf 20 sporting event. Currently, the accommodation of visitors and tourists is considered to be one of the largest obstacles facing Yemen with regard to hosting the Gulf 20 sporting event.
By Radhwan Al-Saqqaf
© Yemen Times 2008
Community Comments (0) - 
Comment on this article 
Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
Loading ...
Zawya Comment Policy:
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Community Buzz
Stories
Companies
Most viewed companies by Community in the last 24 hrs
| Company Name | Country | Industry |
| Abu Dhabi Investment Council | UAE | Investment Firms and Funds |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
| Mubadala Development Company | UAE | Investment Firms and Funds |
| Qatar Investment Authority | Qatar | Investment Firms and Funds |
| Al Hilal Bank | UAE | Banking |
| Al Rajhi Investment Group | Saudi Arabia | Investment Firms and Funds |
| Emaar Properties | UAE | Landlords and Developers |
Projects
Most viewed projects by Community in the last 24 hrs
| Project Name | Country | Sector |
| IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) | UAE | Oil and Gas |
| Qatar Foundation - Sidra Hospital | Qatar | Real Estate |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| ADCO - SAS Field Development | UAE | Oil and Gas |
| Abu Dhabi Municipality - Salam Street and Mina Road Development | UAE | Infrastructure |
| Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Qatalum Aluminum Smelter | Qatar | Industry |
| KNPC - Al Zour Refinery | Kuwait | Oil and Gas |
| Nakheel - Dubai Waterfront | UAE | Real Estate |