Nobles Properties to establish two real state projects in Yemen

DUBAI, Oct 10 (Saba) - The Nobles Properties, a newly established real state Dubai-based Company, has announced it will set up two real state projects in Yemen.

The two projects would be as part of a number of projects the company intends to
establish in a number of Arab countries from the November, 2008 and that will be
finished by 2009.

Chairman of the company's board of directors Omer Ayesh said investment elements and
climate in Yemen are encouraging, adding Yemen along with Libya are the most Arab
attractive destinations for investors with better investment laws and regulations.

Ayesh said the company will start from November 2008 to the end of 2009
implementation of nine projects, two in Yemen, three in Libya, one in Jordan, two in
Syria and one in Dubai in the United Arab Emirates.

He confirmed the company has got licenses from these countries.

The Emirate Nobles Real State Company was founded in August 2008 with a capital of
Dh 4 billion. The company is interested in developing real state projects in the
United Arab Emirates and region countries having promising investment opportunities.