Aden Land Authority warns of withdrawing lands in stalled investments.

Arab Sea Newspaper - News Updates

Arabian Sea - Yemen - Follow-ups: The General Authority for Lands, Survey and Urban Planning in the interim capital, Aden, warned investors benefiting from state lands that they would be withdrawn if they did not comply with the prescribed investment conditions. The Authority explained, in an announcement issued by its head, Salem Thabet Al-Awlaki, that some investors have not started implementing the projects allocated to the lands granted to them, or have not completed the necessary procedures of studies, engineering drawings and licenses, despite the passage of sufficient periods of time. The Authority gave the defaulting investors a one-month deadline to complete their procedures and start implementation, stressing that the lands that do not comply with their conditions will be withdrawn and reallocated to serious investors, in accordance with the organizing laws. It also stressed that any sale, assignment or change in the use of the granted lands is considered legally invalid, calling on all beneficiaries to review its headquarters in Crater within the specified period, in order to preserve state lands and direct them towards development projects that serve the public interest.