M a r k e t N e w s
Tanzania: USD 1.6 Billion Mega Resort to Come Up in Zanzibar
Posted on : Tuesday, 20th December 2016
Zanzibar — China's MCC Overseas Company has signed a contract to build the Zanzibar Amber Resort in Matemwe Village. The resort will be one of the biggest in the East African region, say project owners.
The signing ceremony, witnessed by dignitaries including Speaker of the Zanzibar House of Representatives Zubeir Ali Maulid, his deputy, Mgeni Hassan Juma, legislators and ministers was held at Park Hyatt Hotel in Stone Town.
The ceremony saw exchange of documents between the MCC Overseas Chairman Zou Weimin and the Owner/Director of the Pennyroyal (Gibraltar) Limited, Brian Thomson. The ambitious project is worth USD 1.6 billion.
"It is my honour and pleasure to witness the Engineering Procurement and Construction (EPC) contract on Amber Resort. This is an opportunity for Zanzibar...all you need is tourism infrastructure and facilities to match the escalating demand for high-end destination," Weimin said.
According to Thomson, the project will include construction of 1,900 luxury villas, 3,500 apartments, residential complexes, 5-Star hotels, marina, luxury islands golf course, 100,000 square metre of retail space, among others.
"The signing ceremony indicates seriousness and commitment to see the project moves. We thank President Ali Mohamed Shein for his support as we finalise paper works.
However some people are trying to frustrate us by delaying the issuing of work permits to our experts," Thomson said.
In his brief statement at the signing ceremony, The Principal Secretary in the Ministry of Finance Khamis Mussa said that the project was a milestone for Zanzibar's efforts in building the economy through the tourism industry.
Source : allafrica.com
