The first group of Yemeni trade up to the second stage of MIT competition for their project of the site of Arab Real Estate Market.
YemenOnline. March 01 - 3 successful young Yemenis qualified to the second stage of MIT Arab Business Plan Competition - after they presented their business project of the site of Arab Real Estate Market.
"The latest Web 2.0 techniques are used in the submitted project" said Mr.Imad Al-Mas'udi, one of the participants in the competition, adding that "We have designed an innovative way to connect property owners with tenants and buyers and that is the reason why we advanced to the second phase of the competition." "We did not participate in this competition to win the award, but we were determined to make it a launching point for this landmark project, and we will be launching the project in the near future regardless of the outcome of the competition. Currently, there are a number of Yemeni immigrant investors who are willing to finance the project, and we are still looking for other investors." emphasized Al-Mas'udi. Notably, the three young Yemeni have been selected from among 3000 applicants to the competition the grand award of which amounts to $ 50000.
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