Sana'a:The Board of Directors of the "Shibam" Public Holding Corporation for Real Estate Development and Investment convened on Wednesday under the leadership of Sam Al-Bashiri, the Acting Minister of Economy, Industry, and Investment. The meeting focused on evaluating the current status of the corporation and strategizing plans for its revitalization.
According to Yemen News Agency, the gathering was attended by key figures including the Province Undersecretary for Policies, Studies, and Planning, Fuad Al-Junaid; the Chairman of the General Investment Authority, Mohammed Ishaq; and Abdullah Al-Shaer, Chairman of the Board of Directors of "Shibam." The participants assessed an evaluation report on the corporation's situation, reviewed the updated strategic plan for 2026-2030, and discussed urgent projects aimed at boosting the corporation's performance in accordance with the strategic plan.
During the meeting, Al-Bashiri underscored the necessity of collaborative efforts to enhance the corporation's status and enable it to play a pivotal role in real estate development. He stressed the importance of developing a new operational vision that addresses existing challenges, identifies funding sources, and fosters partnerships with the private sector to leverage promising investment opportunities in real estate.
Al-Bashiri also emphasized the importance of pinpointing specific issues and accurately diagnosing the causes of the corporation's stagnation. The aim is to implement prioritized solutions and remedies, thereby enabling the corporation to effectively serve as the government's investment arm in advancing Yemen's real estate industry.
