Construction under way at luxury Zanzibar Amber Resort

Construction under way at luxury Zanzibar Amber Resort

Artist’s impression of some of the villas at Zanzibar Amber Resort in Zanzibar.

Construction has started on phase one of Zanzibar Amber Resort, a 411 ha development by Pennyroyal (Gibraltar) Zanzibar Ltd incorporating 4km of Indian Ocean waterfront on the north-eastern coast of Zanzibar, just off the Tanzanian coastline.

The Pam Golding Property group has been appointed to market luxury apartments and villas in the first phase of the tropical beach, golf and hospitality resort.

“With a total capital investment of $2 billion, when completed this will be the largest hospitality investment and resort in East Africa,” says Pam Golding Property group chief executive, Dr Andrew Golding.

“The seven-phase Zanzibar Amber Resort will include an array of options and facilities. These comprise five 5 star hotels including Ritz Carlton and Anantara Resort, stylish apartments and villas, an Ernie Els Signature 18-hole golf course and clubhouse, a gourmet underwater restaurant, a series of man-made islands and off-shore reefs, a luxury marina and super-yacht facility, a souk-style mall, a dedicated private airport, a tropical aqua park, an equestrian centre, an international school and a medical facility.

“This major development has the stamp of approval from the Zanzibar government, and will create about 5 000 jobs during construction and permanent employment for a further 5 000 staff. A strong emphasis will be on green building, a minimised footprint and environmental sustainability.

“With numerous airlines around the globe flying daily to Zanzibar to historic Stone Town, Zanzibar Amber Resort is just an hour’s drive away, making it easily accessible.”

Buyers will acquire the residential units on a 99-year leasehold basis, with an option to renew for a further 49 years. This is the first opportunity for non-Zanzibari to legally own titled land on the island. Residency is available and can be granted for three years, which is then renewable for a fee.

Construction of the resort has been awarded to Metallurgical Corporation of China, a Chinese Fortune 500 company which was responsible for the Bird’s Nest Stadium in Beijing.

Already renowned as one of the leading tourism destinations in the Indian Ocean, Zanzibar is one of the World’s Heritage Sites and has a rich and diverse cultural history.

Adds Golding: “The potential for this world-class development is huge. According to New World Wealth, there are over 11 000 dollar millionaires across East Africa, fuelling the demand for high end goods and services, including high quality housing. East African economic growth continues to outperform the rest of Africa, while the region has been successful in attracting foreign investment in recent years, including the attention of numerous international hotel groups.”

Saleh Said, Managing Director of Zanzibar Amber Resort says: “Zanzibar also offers a stable economic and political environment with growth rates of around seven percent, a stable financial sector and lucrative incentive packages to strategic investors. All foreign investors own 100 percent of their businesses and government continues to introduce measures aimed at improving the business environment to ensure profitable business opportunities.

“Rapid growth in Zanzibar’s tourism sector has resulted in this sector accounting for 27 percent of GDP and between 70 and 85 percent of foreign earnings, and it is identified by government as a strategic growth sector.”

Call Brian McCurrach 021 710 1700 or email brian.mccurrach@pamgolding.co.za.