Dubai World Africa on Saturday announced that it will invest $200 million in the Bilene Hotel, a luxury beach resort, golf estate and eco development along 4km of prime beachfront in Mozambique. Situated in a popular holiday village in the south of the country, north of Maputo, the resort spans a 1,000 hectares and encompasses 18km Sao Martinho Lagoon, nature reserve and turtle breeding area. This area is home to the largest of all living turtles, the leatherback. The nature reserve will be managed by Dubai World Conservation Africa and eco tourism will be of prime focus. Lending to the organisations eco tourism interests, the coral reefs will be of particular interest to wildlife and water recreational sports enthusiasts alike.
Conservation is a key focus area for the company, which is currently establishing Dubai World Conservation Africa as a holding company for a number of prime reserves in Africa. The Dubai state-owned company, with interests ranging from real estate to ports, is to invest $150 million in the creation of an international competition standard golf course, a 5 star hotel as well as 500 golf course and beach villas and condos. The resort will be served by its own airport, Bilene Praia. In addition to extensive water sport facilities the Bilene Hotel will feature a diving centre.
"There are vast opportunities in Africa, opportunities unlike anywhere else in the world, such as the magnificent Bilene Hotel. Our presence on the continent places us at an advantage for African investment," said Dubai World Chairman Sultan Ahmad Bin Sulayem. – Gulf News
RELATED ARTICLES
UAE investment in Pakistan at US$21 billion: UAE envoy - 25 January 2012
Adia buys stake in UK's biggest water company - 14 December 2011
Mubadala wins best Large Treasury Team of the Year award - 17 November 2011
Republic of Guinea and Mubadala Development Company announce collaborative agreement - 14 November 2011
Mubadala now part-owner of EMI - 13 November 2011
RETURN TO MAIN NEWS PAGE | WAM
UP TO THE MINUTE NEWS
Home
