Sharjah: President Faroole meets with UAE officials business men: PICS

[General Duke]

Waftiga M/weynaha Puntland ee hadda ku sugan Imaraadka Carabta oo la kulmay maalqabeenka Al-Jaabiri.

 

 

Sharjah, July 20 - Madaxweynaha Puntland iyo wasiirada ku weheliya safarka uu ku joogo wadanka Imradka carabta ayaa hotelka uu ka dagan yahay Sharjah kula kulmey ganacsade Al-Jaabiri oo wax ku leh maxjarka magaalada Bosaso ee Puntland.

 

Maxjarka oo ah xarun lagu kala sooco xoolaha ka dhoofa Bosaso qaarkood kuwooda caafimad qaba iyo kuwa jiran ayaa waxaa shirkad ku ah Imarada Ra'asu khaymah, ganacsade Sucuudiga ah ee Jaabiri iyo mamaul goboleedka Puntland oo khidmad ka qaada Xoolahaas.

 

Madaxweynaha Puntland, Wasiirada iyo Ganacsade Jaabiri ayaa aad isula jeex-jeexey qaabka shaqo ee Maxjarka iyo lacagaha laga qaado ganacsatada Xoolaha ka dhoofsata iyada oo sidoo kale laga hadley saamiyada ay kala leeyhiin ganacsatada carabta ah ee ku shirkowdbey Maxjarkaan.

 

Md. Farole oo hadal ka jeediyey kulankaan ayaa carabka ku adkeeyey in loo bahan yahay in la helo qaabkii ganacsatada Puntland loogu mideyn lahaa maxjarkaan iyada oo la dhimayo saamiyada qaybaha ku midoobey Maxjarkan.

 

Xukumada uu madaxda ka yahay Madaxweyne Cabdiraxman Farole ayaa marki xukunka qabatey ku baaqdey in ay dib-u-eegis ku sameyneyso dhamaan heshiisyadii ay sixiidey dowladii ka horeysay.

 

Madaxweynaha Puntland iyo waftigiisa ayaa kulamo la qaadnaya madaxda Ra'azul Khaymaha oo qayb ka ah saamileyda Maxjarka iyada oo sidoo kale qorsheynaya in kulamo la yeeshaan shirkadaha shidaalka oo heshiis muran siyaasdeed dhaliyey la galey Xukuumadii Cadde Muse.

 

Xafiiska Warfaafinta Madaxweynaha Puntland

[General Duke]

 

[Fiqikhayre]

^Great news, President Farole also met with H.E. Former President of Puntland State Mudane Mahamoud Muse Hirsi (Adde) as I'm hearing from some outlets.

[N.O.R.F]

UAE 'officials'

[Thankful]

What's funny about UAE officials?

[N.O.R.F]

[General Duke]

^^^Your hate for Puntland is well known ya North.

 

Madaxweynaha Puntland iyo waftigiisa ayaa kulamo la qaadnaya madaxda Ra'azul Khaymaha oo qayb ka ah saamileyda Maxjarka iyada oo sidoo kale qorsheynaya

You know President Faroole met with US officials so what is big about the UAE?

[Fiqikhayre]

Poor North, doesn't know that the government of RAK and State of Puntland have excellent bilateral relations.

 

 

RAK plans to be offshore hub of the region

 

In an attempt to continue diversifying and growing RAK’s economy, Crown Prince Sheikh Saud and his team of business advisors are planning to capture a portion of the region’s offshore market through the latest development, RAK Offshore.

 

Ras Al-Khaimah continues to push its big ambitions to be a player in the United Arab Emirates regional investment boom, with major property developments getting under way. Pushed by Crown Prince and Deputy Ruler Sheikh Saud Bin Saqr Al-Qasimi, RAK is looking to bite into the financial services business now being fought over by Dubai, Bahrain and other centres.

 

Rakeen chief executive Imad Haffar told GSN recently that, “our feasibility study on the outsourcing (offshoring/ nearshoring) of financial services have shown that by taking 1% of the $57bn worldwide outsourcing of financial services consisting for example of payroll, audit, call-centres for banks and other financial back-office services, RAK Offshore will contribute to a significant share of RAK’s growth.”

 

Rakeen is developer of RAK’s flagship Al-Marjan Island project, costed at $1.7bn. Located within the Al-Marjan island financial city premises RAK Offshore will consist of residential and commercial units catering for offshore companies, and more than 80 have already registered.“We’ve got German, French, British and Asian companies coming in,” Rakeen’s chairman – and advisor to Crown Prince Sheikh Saud – Dr Khater Massaad told GSN. These include 15 ancillary service providers, insurance and financial companies.

 

Haffar said these companies were “registered but not signed up to office space yet.” He added, “we already have a dozen multi-national and GCC companies that have expressed a commitment in acquiring office space for setting up their regional and back office operations.”

 

According to RAK Offshore regulations, incomers are required to have their office in the new RAK Financial City, as opposed to anywhere else on the island. According to Haffar, RAK has its own distinct identity and is a more attractive investment option than the other emirates. He pointed to RAK’s higher anti-money laundering compliance standards, a 30% cheaper rate for setting up compared to the larger emirates and no red-tape.

 

Although the RAK Offshore centre is government-owned, the buildings have been financed through a combination of equity and leveraging from banks. “In all our projects we depend on equity, presale income, joint venture partnership and loans,” Haffar said.

 

The Iranian factor

 

Underlining RAK’s preparedness to do business with the Islamic Republic despite outstanding territorial disputes, one of Rakeen’s major overseas developments is in Iran with a project on an estimated 1.5m m2 of land to include hotels, commercial complexes, a shopping mall, travel agencies, bank branches, restaurants, cinema and recreation facilities, exhibition space, roof-top parking and a helipad.

 

Haffar told GSN: “there are great investment opportunities in Iran, particularly in real estate. Today, many Iranians come to Dubai for shopping, because of the availability of nice malls and retail areas. By creating such retail style in Iran, there would be great interest.” It will be located on the crossing of Vahid Dastgerdi highway and the Esfahan ring way, and is due for completion in 2010.

 

Investors in the project are Rakeen, state-owned RAK Ceramics, Khorshid Sepahan (a private RAK/Iranian joint venture, also investing in commercial and residential projects in Iran), and Sharjah-based International Construction and Trade Company (ICTC), a supplier of structural and steel systems. The projects’ designers are Cadiz International and Tehran-based Naqsh-e-Jahan-Pars. With a floor-print of over 103,672m2 of land and situated near the business area, it is to be built in two phases. The initial phase includes the shopping mall with a total area of 144,235m2.

 

Additionally, a 25-storey 7-star luxury hotel with an area of 51,275m2 will be located over the mall, which will incorporate restaurants and sport facilities. The complex will also include an office tower, a 3-star hotel and an exhibition centre.Earlier this year, RAK Ceramics established a ceramics factory in Esfahan.

 

ICTC’s chairman is Sheikh Abdullah Bin Mohammed Al-Qasimi, younger brother of the aged RAK Emir Sheikh Saqr. Sheikh Abdullah, born in the early 1920s, has been chairman of Sharjah Municipality for a number of years. His father, Sheikh Mohammed, rejected the RAK rulership in 1948, effectively handing the throne to Sheikh Mohammed’s brother Sheikh Sultan Bin Salim Al-Qasimi; however, Sheikh Saqr deposed his uncle, and has been ruling ever since.

 

Puntland investment

 

Following Ras Al-Khaimah’s recent ambitious asset buying (GSN 806/11), the RAK government has got in on the act by signing an agreement with Puntland President Mohammed Musse Hersi who visited the emirate in April. Crown Prince Sheikh Saud and Hersi signed a series of accords to increase business co-operation, and Hersi stressed the potential for economic development in Puntland, an autonomous republic in the north of fractured Somalia. Both leaders signed an agreement to set up Puntland Hydrocarbon Development Company LLC, which would undertake exploration and development of oil and gas fields. The new joint venture will also provide services to Puntland to manage its hydrocarbon resources, including transfer of technical know-how, assessment of hydrocarbon potential, conducting seismic surveys and other services.

 

RAK also signed an agreement to undertake a study to help Puntland come up with a development plan, covering energy, ports, tourism and real estate development – perhaps echoing RAK’s own path.

[Fiqikhayre]

RAK and Puntland State of Somalia sign agreements to boost bilateral cooperation

H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, held talks with H.E Mohamud Musse Hersi, President of the Puntland State of Somalia, and an accompanying delegation who called on him at the

Al Dhait Palace, Ras Al Khaimah on 14th April, 2007.

 

United Arab Emirates: Monday, April 16 - 2007 at 11:24 PRESS RELEASE

 

'H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, and H.E Mohamud Musse Hersi, President of the Puntland State of Somalia, signing bilateral economic agreements at the Al Dhait Palace in Ras Al Khaimah.

 

 

 

 

H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, and H.E Mohamud Musse Hersi, President of the Puntland State of Somalia, signing bilateral economic agreements at the Al Dhait Palace in Ras Al Khaimah.

 

Welcoming Mohamud Musse Hersi, Sheikh Saud expressed hope that the high level visit would widen the scope of cooperation between UAE and Somalia. 'We hope that closer business ties between the two countries would further enhance economic activity that would contribute towards substantial economic development of Somalia and Puntland,' he said.

 

Mohamud Musse Hersi said that there was considerable potential for economic development in the Puntland State of Somalia and said that the Puntland was attracting considerable investor attention in recent times. 'UAE is one of our major trading partners and we look forward to further strengthening economic cooperation by extending collaboration across various fields,' he said.

 

The two leaders signed an agreement to set up a new hydrocarbon company, Puntland Hydrocarbon Development Company LLC, which would undertake exploration and development of oil and gas fields in Puntland.

 

The new joint venture company would also provide services to Puntland to manage its hydrocarbon resources including transfer of technical know-how, assessment of hydrocarbon potential, conducting seismic surveys and other services.

 

Ras Al Khaimah Government has also signed another agreement with the Puntland State of Somalia for undertaking a comprehensive study to come up with a development plan for the Puntland State, covering diverse areas such as development of ports, energy sector, airports, tourism and real estate development.

 

It has also inked a deal for setting up of a dedicated livestock quarantine facility to facilitate the import of livestock from Somalia to the UAE.

 

Sheikh Mohammed bin Saqr Al Qasimi, Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK Customs and Ports Department, Mohammad A. Al Mehrizi, Director of RAK Customs and Ports Department, Ruurd Abma Managing Director of RAK Gas a number of government officials were present at the function.

[Peacenow]

A sick joke. The arab and his hate for blacks. You are shameful for invoking this damn dirty arab.

[Thankful]

I am just wondering why Mr. Torres laughed??

 

 

I heard that the former President Mohamud Muse Hersi went and greeted current President Abdirahman Faroole because both are in the U.A.E. I think there should be some pictures of it.

 

The article Aw Muuse Ismaciil posted was something signed in the past, so the former President was just present to sign it over to President Faroole.

 

In Puntland things are done peaceful!

[General Duke]

^^^Nicely put..

[sool_boy]

Originally posted by peacenow:

A sick joke. The arab and his hate for blacks. You are shameful for invoking this damn dirty arab.

Business have no colors buddy.

[N.O.R.F]

Duke, I saw pics of a few Saudi business men. RAK Puntland maxay u tari? Yagii baaba liite

[Som@li]

lol,what happen to other Emirates?