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Economy
Monday, 02-June-2008
Almotamar Net - Middle East Development LLC, the Dubai-based construction company announced Monday its intention to build two new cities in Djibouti and Yemen and a bridge linking them. The cost of the entire project is estimated at $200 billion.  Almotamar.net, Agencies - Middle East Development LLC, the Dubai-based construction company announced Monday its intention to build two new cities in Djibouti and Yemen and a bridge linking them. The cost of the entire project is estimated at $200 billion.
Tarek Mohammad Bin Laden will provide at least $10 billion of seed financing for the $200 billion project, Issam Halabi, Middle East Development's vice president of technical affairs, told reporters at a conference organized by the Middle East Economic Digest in Dubai today.
Yemen, the Gulf state, faces Djibouti across the Red Sea and has attracted investment from neighbors including Qatar's state-owned Qatari Diar Real Estate Co. and Dubai-owned port operator DP World Ltd. DP World also has a management contract for Djibouti's sea port, and last year Dubai-owned investment company Istithmar PJSC bought a stake in the east African state's Daallo Airlines in a bet on increasing trade and travel between the Gulf and east Africa.
Construction of a 28.5 kilometer bridge linking Yemen and Djibouti is due to begin next year and the project will take about 15 years to complete, Halabi said. The bridge is being designed to carry road vehicles, trains, and pipes for gas and water, he said.
The new cities in Yemen and Djibouti are intended to attract manufacturing, technology and leisure ventures, and companies including Bechtel Group Inc., Hewlett-Packard Co. and Ericsson AB have expressed interest in the project, according to Halabi.
Middle East Development has projects in Saudi Arabia, Dubai and Bahrain and a publicly-traded unit in Singapore, according to its Web site.
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Tuesday, 17-October-2017
The United Arab Emirates acknowledged on Tuesday that two of its pilots were killed when their military aggression plane crashed over Jawf province, a military official said

The official added that the aggressive crashed plane was an apache that was
Tuesday, 17-October-2017
Three citizens were killed and four others wounded in two Saudi air strikes hit Majza district of Saada province, an official said on Tuesday.

The strikes hit a citizen's car in al-Jamalah area in the district, the official added.
Tuesday, 17-October-2017
Artillery of the army and popular shelled a gathering of Saudi-paid mercenaries in al-Moqadra area in Serwah district of Marib province, a military official said on Tuesday.

Meanwhile, dozens of Saudi-paid mercenaries were killed and others injured in Wadi al-Theek in the district, the official added.
Monday, 16-October-2017
The army and popular forces carried out on Monday unique military operations in Taiz province.

A military official said that a number of Saudi-paid mercenaries were killed at the hands of the army and popular forces in al-Jazami Hill in al-Kadaha area in al-Ma'afer district.
Monday, 16-October-2017
A Saudi aggression fighter jet targeted a citizen's car driving in Fara area of Kutaf district in Saada province overnight, killing the driver and injuring his friend, a security official said on Monday.
Monday, 16-October-2017
The army artillery and popular committees launched a fierce attack on Saudi-paid mercenaries' sites in Jawf province, a military official said on Monday.

The attack destroyed a military vehicle belonging to the mercenaries and killed all on board in Sabran area in khab and shaaf district.
Sunday, 15-October-2017
Scores of Saudi enemy soldiers were killed and injured on Sunday when the army and popular forces repelled a Saudi military attempt to sneak into Shurfah site in the border province of Najran, a military official said.

The operation was accomplished successfully against the Saudi
Sunday, 15-October-2017
The army and popular committees have killed a total of 18 Saudi-paid mercenaries in sniper operations over the past hours in the central province of Marib, a military official said on Sunday.

Ten mercenaries were killed in Nehm district and eight others were killed in Serwah district, said the official.
Saturday, 14-October-2017
Saudi aggression warplanes have launched more than 49 airstrikes over the past hours on several residential areas across Yemen, a security official said on Sunday.
The airstrikes targeted the areas of Malahiz and Husama in Dhahir district, and areas Thuban, Masahif and Sdad in Bakim district of northern Saada province.
Thursday, 12-October-2017
The army and popular forces carried out an operation attack on Saudi-paid mercenaries' sites in al-Hawal area in Nehm district.

A local official said that the operation attack resulted in killing and injuring mercenaries, adding they also incurred heavy losses at their ranks

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