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« North West Shelf opens $2.6bn project | Main | Nigeria Needs $100bn for Infrastructure »

October 24, 2008

Dubai rivals compete for $4bn South African mega project

by Andy Sambidge

A Dubai-based company behind a $4 billion development in South Africa says it is confident that the project will not be derailed amid a political row.

Ruwaad Holdings unveiled Amazulu World, a massive themed entertainment and mixed-use destination development on the north coast of Durban at a glittering ceremony in the emirate last month.

Bosses said the real estate, hospitality and tourism project on 16,500 hectares of land in KwaZulu-Natal province would be the biggest development of its kind anywhere in the African continent.

Full Story...

Posted by boyang at October 24, 2008 12:00 AM