Dubai World Will Invest in Eight Tourism Facilities In Rwanda

Partnership with the Government of Rwanda to develop country's tourism offering will include:

• The 1,080 sq kilometre Akagera National Park
• Projects in Nyungwe Forest National Park and The Volcanoes National Park
• A hotel and residential golf resort in the capital city Kigali

01 October 2007, Dubai, UAE: Dubai World announced it will invest approximately US$ 230 million in eight tourism facilities in the Republic of Rwanda, including luxury hotels; a residential golf course development; residential, high-end eco lodges; and the 1,080 square kilometre Akagera National Park. The assets will be developed and managed through Dubai World's investment arm Istithmar Real Estate.

Dubai signed an MOU yesterday with the Minister of State in charge of Investment Promotion and Industry Representation of Rwanda. The MOU saw the formation of partnerships between the Republic of Rwanda and Dubai World.

Read the Full Story »