Major golf resort investment for Mozambique

Dubai World Africa as announced that it will invest US$200 million in an eco golf and beach resort in Mozambique.
Situated just north of Maputo, and covering 1,000 hectares, the full investment includes an international competition standard golf course, a five star hotel and 500 beach and golf course villas. The resort will be served by its own airport, Bilene Praia. According to the Maputo Corridor Logistics Initiative (MCLI), the nature reserve will be managed by Dubai World Conservation Africa and a major focus of the resort will be eco tourism.

The Dubai World Group has already made several other significant investments in Mozambique. The company currently own shares in a container terminal in Maputo, and have recently secured a stake in the company responsible for managing the port of Maputo.

According to the Dubai World Group, their strategy is to acquire high-end assets in key destinations across the world. Dubai World Chairman Sultan Ahmed bin Sulayem has indicated that the company will invest about $1,5 billion in Africa over the next five years.

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