Lands for FIRDOS and Jinan Aden projects to be owned by Shibam Holding

This land is assigned for setting up investment project of FIRDOS Aden.

The cabinet approved last Tuesday ownership of an area which was specially assigned for setting up investment projects to FIRDOS Aden and Jinan Aden and to the General Holding Corporation for Property Development and Investment (SHIBAM HOLDING). This will enable them to contribute to their value as representative of the government in partnership with investment companies to set up those projects in accordance with the border areas for each project.

SHIBAM HOLDING was established in March 2008 under the Republican decree, it is equipped with government assets, and is empowered with significant leverage as well as an added flexibility for strong representation and high performance said Saad Sabrah, Chairman and CEO of SHIBAM HOLDING. 

At Shibam Holding, we plan to have a solid presence in key investment areas, utilizing Yemen’s competitive advantages- including proximity to the GCC region, highly strategic location, pleasant weather, heritage, cultural richness, adaptability, flexibility, and more, Sabrah said. 

Sabrah said that their vision is aimed at maximizing Foreign Direct Investment (FDI) into Yemen through participation in strategic joint ventures with global investors interested in investing in Yemen. 

“Our Mission is to be the pioneers in representing the Government of Yemen’s interest in hosting and encouraging investors’ interest in different developing segments” Sabrah said.” In addition, we are set to be the leading agency (as the exclusive owner of various prime land locations in Yemen) by engaging as a strategic partner with lead international investors in the best and most suitable investment opportunities in Yemen” he said. 

Such opportunities are to be undertaken in accordance with Yemen’s National Development Strategy, while continuing to provide our partners a level of partnership that meets and exceeds their expectations, and keeping their interest and benefits at the highest priority level.  

Sabrah said that our methodical partnership process is focused on reducing investment risk, substantiating sustainable measures, and ensuring a maximum impact in terms of; profitability, poverty reduction, and improving peoples’ lives in Yemen. 

As a holding corporation, our medium-long term mission is to provide a full range of services ranging from property development, property management for residential and commercial properties in association with our clients to finance (debt, leasing and Housing) services for a range of customers in Yemen. . In the process, we plan to become a one-stop commercial services company for our immediate customers and investors, Sabrah said.

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