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. Lagos State governor Ambode said, “A Smart City Lagos will be the pride of all Lagosians just as we have a smart city in Dubai, SmartCity Malta and SmartCity Kochi (India).
“The future is ours to take. A ‘smart Lagos city’ involves the vision to integrate Information and Communications Technology (ICT) solutions in a secure way to provide services to its residents. 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. Hyflux, the Singaporean company that owns the plants, has built similar facilities across the world, including two in Algeria.
In addition to water solutions, it is also involved in power generation and commercial property development. Hyflux now wants to use its know-how to develop a new town, called Star City, in Tanzania. The project is situated on 33 km2 of land (roughly 5% the size of Singapore) outside the town of Morogoro, 170 km west of the commercial hub Dar es Salaam. Singapore, one of the world’s most densely-populated countries, sees itself as an expert in urban master planning, with companies such as Hyflux and Surbana Jurong exporting this expertise to Africa. 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. In the last years, many projects were built by companies from the Far East. Ethiopia approaches Israeli Real Estate entrepreneurs: “Come to build our condominiums and Industrial Parks”. Daphna Regev from AlefBet Group said: “Ethiopia’s economy is growing very fast, the construction sector reached more than 30% growth in the past two years. 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.
The development, with a gross floor area of 162,000 sqm, will be funded through the sale of the residential and office components to minimise the total capital outlay and optimise cash flow of the joint venture partners. Still, part of the development cost will be funded by internal funds and external borrowings. 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. In the latest announcement, Minor Hotel Group (MHG) said yesterday it has acquired the Cheli & Peacock Group of Companies and its six camps in Kenya –Elsa’s Kopje, Elephant Pepper Camp, Joy’s Camp, Tortillis Camp, Kitich Camp and Lewa Safari Camp.
To come under MHG’s Elewana Collection, which already consists of eight other properties showcasing the highlights of Northern Tanzania, Kenya and Zanzibar, the Cheli & Peacock camps will nevertheless continue to operate independently under the guidance of founders Stefano and Liz Cheli. Earlier this month MHG also said it is partnering Qatari Diar Real Estate Investment Company for two Anantara resorts in North Africa – the 93-key Anantara Tozeur Resort in south-west Tunisia and the 230-key Anantara Al Houara Tangier Resort in northern Morocco. Both are scheduled to open in 2017. 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. Antara/AACC2015/M Agung Rajasa Mayors from the Asia-Africa region agreed to establish the Asia Africa Smart City Alliance as part of an agreement after discussing the topic and attending a panel session at the Asia-Africa Smart City Summit on Wednesday and Thursday in Bandung. Besides being grouped in an alliance, the participants also issued the Bandung Declaration on smart cities.
Untitled. Osama Bin Laden’s Half-Brother to Build Tallest Skyscraper in Africa. Africa (updated 16:24 13.12.2014) MOSCOW, December 13 (Sputnik) — Dubai-based Middle East Development LLC, owned by Saudi businessman Sheikh Tarek bin Laden, is set to build what will become the tallest skyscraper in Africa, according to AFP reports. Sheikh Tarek bin Laden is the half-brother of the late Osama bin Laden; in 2008 he proposed a similarly gargantuan project to build a bridge across the Red Sea, according to the Independent.
The skyscraper will be located in Morocco’s largest city, Casablanca, and will be 540 meters tall; its height was symbolically chosen to represent Africa’s 54 sovereign states. © Photo: Taken from Al Noor Tower official site Al Noor Tower “The height of the tower is 540 meters to remind us that Africa has 54 countries. The proposed building will be more than twice as tall as the 223-meter Carlton Center in Johannesburg, a shopping center skyscraper which has been the tallest building in Africa for 41 years. 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. The project will introduce global mechanisms for storing, handling and packaging grains. The Ministry indicated the Ministries of Transportation and Housing will cooperate on the project. 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. The Chirathivats are the latest dollar billionaires to seek investment opportunities in Kenya, after Nigeria’s Aliko Dangote and India’s Mukesh Ambani, Ratan Tata and the Sanghi brothers.
The company recently signed a management contract in Ethiopia, having opened its first resort in Mauritius early this year. A second one is expected in December. Pwangui@ke.nationmedia.com. 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.
This new addition to MHG’s portfolio takes the number of properties in operation to 94 and adds a new country of operation, taking the total to thirteen. The new strategic partnership will explore more opportunities in Mozambique, including in the capital Maputo, and in the vibrant East Africa market to further strengthen MHG’s presence on the continent. 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. Hence the name developed from that.) Investment in the African continent is set to expand the joint venture company said with plans to explore further opportunities in Mozambique, including in the capital Maputo, as well as other markets in East Africa. 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.
“So the most important thing is to not only look for a project but a project which can be in line with our brand standard.” Can the brand be sustained in Africa? “Not everywhere in Africa can sustain our brand,” added Hosny. According to Piers Schreiber, Jumeirah’s vice president for corporate communications and public affairs, the decision to enter Africa will come down to whether there is a market for their high-end brand on the continent. 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. When we look across the region we see Dubai, the kingdom [of Saudi Arabia], the rest of the emirates and probably Nigeria as being the most significant growth markets,” he said. Marriott, which currently operates seven hotels in Saudi Arabia including The Ritz-Carlton, Riyadh, expects to open a “few dozen” in the kingdom as the number of religious tourists continues to grow. “I think we will, in the next ten years, open a few dozen hotels in Saudi. 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. The Economy segment reported the smallest number of new rooms in 2012 with 242 rooms in two properties. The Middle East/Africa hotel development pipeline comprised 478 hotels totalling 119,233 rooms, according to the December 2012 STR Global Construction Pipeline Report. MidEast, Africa set to add 150 hotels in 2013 - Travel & Hospitality. Foras Mali Housing Project مشروع شركة فرص مالي للإسكان الاقتصادي. RIM, Huawei and Samsung to open in Konza City. GFH changes its plan for Royal Ranches Marrakech.