Yemen gets the Tameer Holding brand

In a celebratory event recently held in the nation's capital of Sana'a, executives announced the establishment of 'Tameer Yemen', a subsidiary that will oversee the construction plans for the Gulf based firm within the borders of Yemen. The announcement which signifies Tameer's aim to develop state-of-the-art projects across the entire Middle Eastern region and Europe comes less than a year after plans were unveiled to develop several commercial, residential and tourism projects in Jordan.

'Tameer's ambition has always been to take our name globally and to develop groundbreaking projects wherever they are needed. Jordan was our initial step to fulfill this ambition and now Yemen is its continuation." said Tameer Holdings President Omar Ayesh. "Akin to what we plan to develop in Jordan and what we are currently doing in the Emirates, our Yemen based projects will feature a mixture of residential and tourism developments. In the city's capital of Sana'a we plan to construct several stylish but affordable residential projects, while in the coastal city of Aden we intend to build several mega sized tourism developments. We envisage that within three years, our work in Yemen will in actuality be one of the biggest projects the country has ever experienced."

To assist in the development of these projects, Tameer announced that they have formed a calculated partnership with the Tadhamon International Islamic Bank, Yemen's leading financial intermediary and Hayel Saeed Group.

"Our partnerships with these organizations are essential for the progress of our firm in this country." Ayesh continued. "Tadhamon International Islamic Bank and Hayel Saeed Group are two of the most respected organizations in Yemen, which have a vision which coincides with the Tameer vision. Our companies are not here just to make money, but to also provide affordable housing for the populace while simultaneously creating job opportunities. Just the development of these projects alone will generate a great deal of employment and embody Tameer's endeavor to be an organization that cares for the people it serves."

Formed through a strategic partnership between Al-Rajhi Investment Group & Tameer Property Establishment, Tameer Holding had entered the thriving UAE property market with the world's tallest tower "Princess Tower", located in Dubai Marina, the Dana 1 & Dana 2 projects in International City, Al Shahd in the International City, The Regal Tower in Business Bay, The Palace Tower in Dubai Silicon Oasis, AlSalam City in Umm Al Quwain, and Al Ameera Village in Ajman. Today, the firm's investment portfolio in the market exceeds AED 40 billion.