Go-ahead for pilot project to develop hotel in Mozambique – Real Estate & Hospitality Fund planned for African Subcontinent
The Southern African Development Agency (www.sadea.org) in partnership with the German based Orange Lion Hospitality & Real Estate Solutions GmbH (www.orangelion.de) and the German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (www.deginvest.de) has revealed plans to develop a 200 room sustainable eco-hotel with an attached hospitality training academy for training of local staffing in Mozambique as a pilot project for further real estate investments throughout the African Subcontinent. The fund has plans to create tourism routes by linking city hotels with resorts, wildlife lodges and mixed-use projects.
In Q3 2015 talks with the Ministry of Tourism of Mozambique, the UEM, regional equity partners and landowners in Mozambique will commence. The project planning is co-funded by the German development finance institution DEG through the German Federal Ministry for Economic Cooperation and Development.
The company is pursuing the establishment and implementation of a project development with DEG and the partner SADEA as a first step for a long-term involvement in the Southern African region, a local branch and local/regional partnerships with regards to investments and project planning, construction and operations.
With the construction of hotels and integration of local supply value chains, the investment will stimulate regional economic growth. The hotel operations will create new jobs and the training at the in-house hotel academy will create long-term opportunities in the hospitality market.
Innovative and sustainable design, construction and operational solutions such as the use of local materials, renewable energy, energy efficient solutions and recycling, as well as sustainable water management will ensure a low carbon footprint throughout an asset lifecycle. This will have a positive impact on the local labor market.