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Al Nafisi said about the plan of Al Mazaya Holding in the coming three years, and after taking all the required provisions during the last five financial years and completing most of the projects that were under development and changing it into income generating projects, currently the company has begun to study a number of new projects that fall under two main categories: the income producing aspect and the availability for sale.
Inaugurated by the Honorable Sheikha Safiya bint Hamdan Al Shehhi Member of the State Council and Chairperson of the Omani Women Association in Khasab, Zaree is an income generating project that will sell special tour packages exclusively to female tourists who wish to visit Khasab Castle and embark on a cultural experience of a lifetime.
A pilot project for the Ministry of Local Government, the Sustainable Housing Income Generating Project was launched by the Minister for Local Government Samuela Saumatua this week.
He added that the government launched 13,000 income generating projects across the Syrian provinces, some of which aim at settling rural families in Deir Ezzor, Hasaka and Raqqa, in addition to the rural women empowerment program.
It has now commenced operating its income generating projects, Al Mazaya Holding chairman Rashid Al Nafisi said at the company's general assembly meeting after seeing the balance sheet and final accounts for the last fiscal year.
Opened in May 2010, the Tahiniyeh income generating project was initiated by NHF's Poverty Pockets Program, and funded by the Ministry of Planning & International Cooperation (MoPIC).
The company has previously said it is aiming to generate at least 50 per cent of its income from overseas markets, but it has also said that income generating projects such as Dubai Mall are key to boosting the firm's profits.
The INDH actions aim at improving the living conditions of the population through the development of social infrastructure and incentives, and the creation of small income generating projects to benefit, notably, the youths and women, Lahlimi said.