Director of the Public Authority for islands development Yahya Al Kainai unveiled of arrangements for a study to implement a tourist investment project in Socotra island by Al Salama International companies Group (SICG) with cost of about five billion dollars for the primary phase.

Al Kainai said that SICG delegation was briefed during investment conference on  details of available investment opportunities in the Yemeni islands, expressed its willingness to pay 1% of he project value to guarantee project implementation.
 
For his part, Mr. Marcel Mansour project manager said to "26 Sept.net" SICG board chairman would arrive in Sanaa next week to discuss details of procedures for project implementation.
 
He Pointed out that project would consist of five phases including construction of hotels, pools and sport club, children's playgrounds, parks, ice-skiing and marina.
 
"The project will be the first in Yemen and the region as well as the implementation phase would take about 15 years", he added.