[DEHAI] The Qatari Diar Real Estate Investment and Eritrea

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From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Fri Apr 17 2009 - 12:11:28 EDT

Friday, April 17, 2009
Qatari Diar signs MoU with Eritrea

Posted: 2007-01-29 00:00:00 Menafn

The Qatari Diar Real Estate Investment and Development Company and the
Government of Eritrea recently signed a Memorandum of Understanding
(MoU) to invest, develop and construct several projects of international
standard in Dahlak Island (Dahlak Kebir).
The MoU was signed by the Minister of Finance, Burhan Ibrei, on behalf
of the Eritrean Government and by Eng. Nasser Hassan Al Ansari, CEO,
Qatari Diar Real Estate Investment and Development Company.
Speaking at the signing ceremony, Ibrei said: "The depth of relations
between the two countries reflects positive mutual interests, continuous
endeavor to develop bi-lateral cooperation between the two nations, and
the MOU reinforces such efforts and a shared desire to develop
He said that the agreement lays the foundations for the development of
several tourism projects in Eritrea, adding that it reflects the
proactive efforts of the Eritrean government to support and enhance the
Eritrean economy and investment activities contributing to the nation's
growth on the one hand and encourage direct foreign investments on the
Eng Nasser Hassan Al Ansari stated that the agreement underscores Qatari
Diar's various investment plans in the African continent.
He explained that Qatari Diar's Cairo office has been assigned to be the
regional centre for Qatari Diar and its affiliate investments in the
African continent.
Al Ansari noted that Qatari Diar will finalise feasibility studies for
the agreed projects and confirmed that Qatari Diar is in the process of
establishing Qatari Diar - Asmara, Eritrea for its investment in several
tourism related infrastructure projects. He pointed out that Eritrean
coasts enjoy a variety of natural beauty complementing its vast coast
line, pristine beach in combination with some exotic wildlife of the
inland areas.
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