Sky News Network
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Science & Technology
  • Opinion
  • Sports
No Result
View All Result
Sky News Network
No Result
View All Result
Home Travel

Construction of East Africa’s largest resort resumes

skynewsbyskynews
June 28, 2021
in Travel
0
Construction of East Africa’s largest resort resumes
0
SHARES
215
VIEWS
Share on FacebookShare on TwitterWhatsapp

Construction Zanzibar Amber Resort has resumed and completion of the first phase is scheduled for end of 2022, according to Manager Murtaza Hassanal and the project director of the Pennyroyal (Gibraltar) limited Saleh Mohamed Said.

“We had unavoidable problems which contributed to the delay of the project. For example, we were supposed to get our lease in 2015, but it was not possible until late 2018,” Said explained.

The director said the first phase of this project includes construction of a 5-star hotel with at least 50 rooms and a four-room presidential suite, recreational centre, golf course and 60 modern houses for sale in the area.

The houses will be sold based on square metres and each square metre will cost U$1600, adding that the construction work has created about 700 employment opportunities.

“But it is unfortunate that most of the local youths or residents in the area shun manual work such as masonry,” he said.

The project also includes construction of luxury villas, and that the total area of the project to be implemented in phases, measures 411 hectares.

” We have started receiving insufficient sand for the project. We requested for 15000 tonnes but we received 4000 tonnes on phase one,” he said.

Opening of Zanzibar Amber Resort—a 3,756-acre luxury resort expected to be East Africa’s largest to date—was supposed to be in 2020.

This luxury development has been hailed by many as not only being the largest luxury property in Africa (spanning some 3,756 acres across Zanzibar), but as also being the very first to offer non-residents the opportunity to buy vacation homes within.

The $1.6billion project, will be developed strategically in five phases over the next 15 years and will create some 5,000 jobs during construction and 5,000 others permanently.

Besides a private airport, a world-class medical facility and a private international school, the development will also offer permanent residences such as 1,914 luxury villas and 3,440 penthouse apartments priced at $700K to $10 million; all of which the developers boast will have no inheritance tax, no capital gains tax, low corporate tax on local income and a very low two to three percent transfer tax.

Developed by Pennyroyal Gibraltar Limited, this tropical community boasts a number of luxury facilities, such as East Africa’s first championship Ernie Els-designed golf course, five global leading hotels (including the Ritz Carlton and Anantara), a deep water marina, aqua park, underwater restaurant and nightclub, glamorous souk dedicated to promoting local goods and music, equestrian center plus super-yacht facility.

But there’s more to this $1.6-billion project, which will be developed strategically in five phases over the next 15 years, according to Saleh Said—Managing Director of the Zanzibar Amber Resort.

Among the most impressive offerings besides a private airport with a 9,842-foot runway, a world-class medical facility and a private international school, are permanent residences such as 1,914 luxury villas plus 3,440 luxury and penthouse apartments priced at $700K to $10 million.

With strong governmental support, the duty-free retreat boasts residency with no inheritance tax, no capital gain tax, low corporate tax on local income and a very low two to three percent transfer tax, according to the managing director.

Tags: Zanzibar Amber Resort
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
skynews

skynews

Related Posts

A bumpy start for Uganda Airlines but there is a silver lining
Travel

African Airlines begin to recover

April 12, 2022
Air Tanzania in tight competition with Kenya Airways
Travel

Air Tanzania in tight competition with Kenya Airways

October 14, 2021
Ethiopian Airlines maintains lead in Africa
Travel

Ethiopian Airlines maintains lead in Africa

October 1, 2021

Popular Stories

  • How corruption has eaten up Uganda’s water corporation

    How corruption has eaten up Uganda’s water corporation

    0 shares
    Share 0 Tweet 0
  • Uganda’s water boss lined up for sacking as wife shames minister in party elections

    0 shares
    Share 0 Tweet 0
  • NWSC Board probes Silver Mugisha as Museveni unleashes intelligence on water ministry

    0 shares
    Share 0 Tweet 0
  • Assassinations: who is spilling blood in Uganda, and why?

    0 shares
    Share 0 Tweet 0
  • How Ugandan brokers sealed Museveni, Ruto deal throwing Kenyatta, Odinga into chaos

    0 shares
    Share 0 Tweet 0

Archives

About Us

We are the leading online news publication in Uganda with authentic and reliable news.

LEARN MORE »

Recent News

  • Prince Charles represents Queen at Commonwealth meeting in Rwanda June 22, 2022
  • New method can stop cyberattacks in less than a second June 21, 2022
  • We all have to work together in DRC, Museveni tells EAC colleagues June 21, 2022

Quick Links

  • About us
  • Advertise
  • Careers
  • Contact Us

Address

UJA House, Bombo Rd,

Keti Falawo Zone, Kawempe Division

Kampala – Uganda

© 2020 – Sky News Network

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • National
  • Sports
  • Science & Technology
  • Agriculture & African Medicine
  • Travel
  • Opinion

© 2020 Sky News Uganda

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.