JLL MENA real estate services in Yemen
The Republic of Yemen of 23 million people enjoys a strategic location on the southwestern edge of the Arabian Peninsula with more than 1,900 km of coastal line and 200 islands under its territory and controls the gateway between the Gulf of Aden and the Red Sea, namely Bab Al Mandeb. The Yemeni Government has been implementing a number of reforms to improve governance, public finance management and civil service administration. Also, it established the General Investment Authority, which is an independent entity responsible for promoting investment opportunities and favoring the business environment.
Sana’a, its capital, has experienced in the past years a massive infrastructure upgrade program in which roads have been expanded, and utilities networks have been modernized. However, the existing Urban framework of Sana’a and lack of transparency still challenge the rapid growth of the city and would result in inefficient low-density sprawl and the proliferation of informal settlements. This fact didn’t stop leading developers from the Gulf from investing in Yemen which is perceived as a virgin land full of undiscovered investment opportunities.