Lagos signs smart city deal with Dubai. Lagos aims to be the first smart city of Africa.
(Image Source: clarasanchiz/Flickr) The MoU was signed at the Emirates Tower in Dubai by Lagos state attorney general and commissioner of justice, Adeniji Kazeem and the CEO of Smart City Dubai LLC, Jabber Bin Hafez. Lagos State governor Akinwumi Ambode and chairman of Dubai Holdings, Ahmad Bin Byat were also present at the signing. Singapore-style urban development in Tanzania. An artist’s impression of the proposed Star City development.
On the south-western tip of Singapore island stand two desalination plants that covert sea water into drinking water suitable for human consumption. Together they cater for about 25% of the country’s water needs. Israelis To Build Condominiums And Industrial Parks In Ethiopia - Geeska Afrika Online. NARIBOI (HAN) April 16. 2016.
Public Diplomacy & Regional Security News. AlefBet’s Planners representatives, one of the largest design groups in Israel, visited Ethiopia and the sites where those new neighborhoods and parks are to be built. They have also met the Ethiopian Urban and Development state minister. The hosts have expressed their desire for cost effective and high quality projects. Perennial Real Estate makes its foray into Africa with S$352m deal. SINGAPORE: Local developer Perennial Real Estate Holdings is making its foray into Africa through a joint venture deal with Shangri-La Asia to develop an integrated mixed-use complex in Ghana worth more than US$250 million (S$352 million).
In a statement on Friday (Aug 21), Perennial said it will acquire a 55 per cent stake in a 49,874 square metre (sqm) site from Shangri-La Asia for S$21.3 million. The site is located in the prime airport district of Accra, the capital of Ghana. Both parties plan to develop the site into an integrated mixed-use development which will include a hotel, residential towers, an office tower, a shopping mall and serviced apartments.
Thai hospitality companies enter the African market - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News. AFRICA is proving to be the next frontier for Thai hospitality groups buying, building or acquiring properties on the continent.
Asian, African mayors set smart city alliance. Sharing experience: Expert from Waseda University, Japan, Toshio Obi (left to right) mayor of Rawaldi-Palestine Majed J.
A Abdulfattah; Bandung Mayor Ridwan Kamil; mayor of Victoria, Seychelles, Jacqueline Moustache-Belle; and expert on urban planning Francesc Girait of Spain (right, walking) present their ideas during a discussion at the Asia Africa Smart City Summit (AASCS) 2015 in Bandung, West Java, on Thursday. Representatives of city administrations, academicians and business community discussed issues facing their own local governments, such as environment, housing, energy and transportation. Untitled. Osama Bin Laden’s Half-Brother to Build Tallest Skyscraper in Africa.
Africa (updated 16:24 13.12.2014)
UAE hotel Group enters Tanzania. Emirati company Al-Sweiden to invest over EGP 40bn in Egypt. Emirati firm Al-Sweiden Holding Company is seeking to construct a commerce and shopping district close to the Suez Canal axis.
(Photo Presidency Handout) Emirati firm Al-Sweiden Holding Company is seeking to construct a commerce and shopping district close to the Suez Canal axis, the Ministry of Supply and Internal Trade announced on Sunday. This is one of the two projects the company is undertaking in Egypt, and has an investment value of EGP 40bn. The project will cover over 4.2m square metres and is expected to offer 500,000 job opportunities after the completion of the first phase. The second project includes the establishment of a logistics centre for food products in Damietta. “The centre aims to transform Egypt into a hub for logistical, global storage,” said Minister of Supply Kahled Hanafy. Anantara opens Mozambique resort. Dubai's Arabtec says plan for $40 billion Egypt housing scheme nearly completed. Dubai investor expects ‘fast growth’ in Africa’s mid-market hotels. A Dubai-based investor is betting on Africa’s growing inter-regional trade and movement to build a new brand of mid-market hotels.
Jameel Verjee, founder of CityBlue Hotels, is optimistic that the less than US$150 a night room is the low hanging fruit in Africa’s hospitality industry. A corporate lawyer turned entrepreneur, Verjee is the founder of Diar Capital, an investment company focused on the creation of growth businesses. Diar Capital launched three hotels in Kigali, Rwanda earlier this year and is keen on expanding across the region. “We are in a number of sectors but we believe that this is one of the fast growth sectors to focus on: mid-market hotels. Africa’s economies are growing with a lot of inter-regional trade [and] inter-regional movement,” said Verjee. Diar Capital has made investments in various sectors including retail, fast-moving consumer goods and real estate in sub-Saharan Africa and Dubai.
“Our goal is to have 500 bedrooms by the end of 2015,” said Verjee. N hotel firm to invest $150 mn to build Maldives resort. Thai billionaire eyes Nairobi with 5-star hotel. Nigerian billionaire Aliko Dangote (pictured) and India’s Mukesh Ambani are others who have been seeking opportunities in Kenya.
Photo/William Oeri Thailand’s second richest family is set to put up a hotel in Kenya, highlighting the growing interest of foreign billionaire investors in the country. The Chirathivat family, with a net worth of $12.3 billion, is already in talks with a Nairobi property developer to manage the planned hotel under their Centara Hotels & Resorts brand.
The company is also looking for a property at the Coast as it eyes to grow its portfolio in the region from the current four. Dubai firm, Thai hotel giant eye African expansion - Travel & Hospitality. Minor Hotel Group has announced the formation of a long term strategic partnership agreement with Dubai-based Rani Investment, the owner of high end resorts across Africa. The two organisations have formed a joint venture company for ownership of Indigo Bay Resort & Spa in Mozambique, with plans for further expansion in Africa, a statement said. Located on Bazaruto Island, 30km off the east coast of the country, Indigo Bay is a five star 44-villa resort, and will be re-branded to Anantara Bazaruto Island Resort & Spa later this year and managed by Minor Hotel Group. Plans major African expansion Thailand's Minor gets major.
Thailand’s Minor Hotel Group has signed a major new partnership that will see it develop a series of high-end resorts in Africa. The deal with Dubai-based Rani Investment LLC entails the creation of a new joint venture company that will initially take ownership of the Indigo Bay Resort & Spa in Mozambique. Located on Bazaruto Island, 30km off the coast of the southeast African country, the 44-villa resort will be rebranded as the Anantara Bazaruto Island Resort & Spa later this year, and managed by Minor.
(The name Minor Corp originates back to Bill Heinecke's father Roy, who registered the company for him. Bill was too young according to Thai company law - he was still considered a minor. Qatari Diar - Projects. Dubai-based luxury hotel group discusses its African expansion plans. Luxury five-star hospitality group, Jumeirah – headquartered in Dubai – has set its sights on Africa, with specific interest in the cities of Luanda, Abuja, Lagos and Accra. Cherif Hosny “Africa is now becoming a very good market and its very important to be in Africa,” Cherif Hosny – Jumeirah’s senior vice president of development for the Middle East, Africa and South Asia – told How we made it in Africa in Dubai this week.
Hosny said that the group is looking at key African cities with tier one locations that can sustain the Jumeirah brand. Marriott CEO says $3.5bn of MidEast, Africa hotels in pipeline - Travel & Hospitality. Marriott International, operator of The Ritz-Carlton and JW Marriott brands, has US$3.5bn worth of real estate currently under construction in the Middle East and Africa, its president and CEO told Arabian Business. The US-based hotelier, which operates 3,800 properties in over 74 countries, is in talks with several investors to open new hotels in Saudi Arabia and will continue to grow its presence in the UAE, said Arne Sorenson. “We have 42 [properties] open and 49 signed and in the pipeline for the Middle East and Africa. MidEast, Africa adds 68 hotels in 2012 - Travel & Hospitality. The Middle East/Africa hotel industry opened 68 new hotels with 15,735 rooms in 2012, according to latest data released by STR Global.
Top-end hotels again dominated the new-builds in the region's tourism sector while economy hotels contributed only two properties, the figures showed. The Upper Upscale segment added the most new rooms in 2012 with 3,600 rooms in 10 properties, followed by the Luxury segment (11 hotels with 3,508 rooms) and the Upscale segment (16 hotels with 3,467 rooms). The Midscale segment reported the largest increase of new rooms added in 2012 compared with new rooms added in 2011, rising 79.5 percent with 10 hotels and 1,431 rooms.
MidEast, Africa set to add 150 hotels in 2013 - Travel & Hospitality. A total of 150 hotels are forecast to be built in the Middle East and Africa next year as the region looks to build up its growing tourism industry. Foras Mali Housing Project مشروع شركة فرص مالي للإسكان الاقتصادي. RIM, Huawei and Samsung to open in Konza City. Fourteen local and multinational corporations, including RIM, Huawei and Samsung, have committed to setting up shop in Kenya’s Konza Techno City. Construction at Konza has officially begun after a groundbreaking ceremony yesterday, officiated by President Mwai Kibaki. According to Dr Bitange Ndemo, the permanent secretary at the Kenyan Ministry of Information and Communication, there has been a diversion from the original plan that intended the city to focus solely on ICT.
“Konza is expected to bring together researchers, industry and government to foster economic expansion,” says Ndemo. Other companies that have showed interest in working at Konza include integrated communications provider Safaricom, Kenyan software company Craft Silicon and local Internet service provider Wananchi. International companies expected to break ground in the first quarter include TeraMark of the United States, Danush of India and Toyota, which will set up a training institute inside the city. GFH changes its plan for Royal Ranches Marrakech.