Pennyroyal Ltd, Tanzania invites UAE Investors for it’s
Five-Star Project – Blue Amber Zanzibar
Abu Dhabi, United Arab Emirates, 30th January 2018: Pennyroyal Ltd, the Master Developers of Blue Amber Zanzibar, the largest mixed-use development in Africa, recently hosted a country round table discussion in Abu Dhabi, highlighting Zanzibar as an Investment and tourist friendly destination and Blue Amber as a pioneer development offering premium hospitality with leisure facilities along with the private residences.
The discussion was led by Mr. Saleh Said, the Managing Director of Pennyroyal Ltd, who highlighted key points of Zanzibar’s positioning in the high end and luxury markets. He spoke about the numerous Innovative Incentives and opportunities for investors looking to invest in this large five-star development through Private Residences, which will feature beachfront homes, golf course homes, lakeside homes and more. He projected returns for the year as well as discussed, the effects of a mega project, such as Blue Amber, on the wider sector.
Mr. Saleh Said, the Managing Director of Pennyroyal Ltd, said, “Facility of direct flights from Dubai has encouraged the residents and expats to opt Zanzibar as a preferred holiday destination. Zanzibar has seen a rise in tourist numbers steadily over the past 7 years and has a projected increase of 26% for 2018. Tourism provides approximately 27% of the GDP of the country with the majority of the labour force employed in informal employment. A development of this scale will directly impact the local community empowering and uplifting the economy financially and socially.”
Blue Amber Zanzibar, due to launch in mid-2018 is a large five-star project is situated on the Indian Ocean-facing North East of Zanzibar Island on 411Ha of land with 4km of private beach. It also boasts of the first Ritz-Carlton property in East Africa and the first Championship Golf Course designed by Ernie Els in East Africa too. The resort will cater for the escalating demand for high-end destinations within the expanding East African tourism market and real estate sectors.
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About Pennyroyal Ltd:
Pennyroyal Ltd. is the Master Developer of Blue Amber Zanzibar, the largest mixed-use development in Africa. Blue Amber Zanzibar is wholly owned by Pennyroyal Limited. This development was conceptualized as a direct response to the growing interest in Zanzibar as a destination, as well as to create and facilitate the introduction of auxiliary hospitality services
and attractions on the island. The development will host, amongst others, the leading hotel brand’s The Ritz Carlton and Anantara, which will address the number and quality of rooms currently available, as well as offering foreign investors the opportunity to own luxury residential homes on the island for the first time. The resort will also boast a championship golf course designed by Ernie Els, creating East Africa’s first Signature Golf Resort Development.