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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Tuesday, January 6, 2009

Four Million Jobs Will be Created in Yemen and Djibouti

Development and construction group Al Noor Holding Investment has announced plans to build two cities in Yemen and Djibouti.
Al Noor Cities - meaning the cities of light - will be located on opposite sides of the Red Sea and will be linked by a bridge and rail network. The bridge across the Bab Al Mandeb Strait will connect Asia and Africa. Dubai-based Al Noor, owned by Sheikh Tarek Mohammed bin Laden, plans to raise an initial investment of $200 billion (Dh736bn) and the total investment in the project will reach $1 trillion. The project will create four million jobs and take up to 20 years to complete. ...

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