ID :
58823
Mon, 05/04/2009 - 14:23
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Shortlink :
https://oananews.org//node/58823
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Dubai World Africa invests in Zimbabwe
Dubai, May 4, 2009 (WAM) - State-owned holding company Dubai World said yesterday its African unit was investing in a wildlife game reserve in Zimbabwe as part of plans to boost its investments in Africa according to a report by Reuters.
Dubai World Africa, which in March said it bought three top-end South African wildlife game parks, has been pursuing investments that boost its exposure to Africa's tourism sector, including investments in hotels and beach resorts.
"(Africa) is a place where you can see growth…double-digit growth," Dubai World Chairman Sultan Ahmed bin Sulayem told the Arabian Hotel Investment Conference. "It's virgin and has so much charm and we can add value to it," he said, adding Dubai World was looking at investing in game parks in Zimbabwe and S Africa. A company official confirmed that Dubai World Africa is developing the Bubye reserve in troubled African state Zimbabwe. - Reuters
Dubai World Africa, which in March said it bought three top-end South African wildlife game parks, has been pursuing investments that boost its exposure to Africa's tourism sector, including investments in hotels and beach resorts.
"(Africa) is a place where you can see growth…double-digit growth," Dubai World Chairman Sultan Ahmed bin Sulayem told the Arabian Hotel Investment Conference. "It's virgin and has so much charm and we can add value to it," he said, adding Dubai World was looking at investing in game parks in Zimbabwe and S Africa. A company official confirmed that Dubai World Africa is developing the Bubye reserve in troubled African state Zimbabwe. - Reuters
