ArabianBusiness.com - Middle East Business News
Sunday, 05 July 2009 07:47 UAE time

YOUR DIRECTORY /

| Share |

New protest over Ruwaad's $4bn South African plan

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Friday, 28 November 2008
MEGA PROJECT: Dubai-based Ruwaad is planning the largest development of its kind in the African continent. (ITP Images)

Dubai-based developer Ruwaad has been warned to prepare for major disruption to construction work if it goes ahead with its propsed $4 billion Amazulu World project in South Africa.

The Macambini community in KwaZulu-Natal, says it will disrupt all economic activities on the North Coast near Durban if loal people are forced from their homes to make way for the ambitious leisure, retail and residential development.

Hundreds of Macambini residents on Thursday marched to voice their anger at the proposed project, which community leaders claim would result in about 8,500 families being uprooted from their ancestral land, reported South Africa's Independent Online newspaper.

Story continues below
advertisement

Leaders, who are backing a rival development scheme from another Dubai-based company, said they had given Premier of KwaZulu-Natal, Sibusiso Ndebele, a seven-day ultimatum to respond to their demands for the Ruwaad plan to be withdrawn.

The provincial government signed an agreement with Ruwaad Holdings earlier this year to give impetus to the project, which would include Africa's first internationally branded entertainment theme park, a shopping centre, a sports village and a dedicated education and health village.

This would be alongside hotels, resorts, spas, a marina, residential offerings, community facilities and nature reserves.

Arabian Business
contacted a spokesperson for Ruwaad but they were unable to provide a comment on the latest developments.

Last month, Ruwaad CEO Hayan Merchant told Arabian Business he was confident that the development - planned to be built in phases over 25 years - would "progress as planned".

He added: "We remain committed to developing this project which we believe will have huge benefits for the local community, the Kwazulu-Natal province and South Africa."

Initial studies indicate that Amazulu World will create more than 200,000 new jobs, and will increase tourism to the region by almost 40 percent through attracting millions of tourists.


For news updates sign up for our newsletter
| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
Ruwaad project is needed
Posted by Alex on Wednesday 10 December 2008 at 15:40 UAE time


I totally agree with Ahmed. In fact, South Africa and the whole African continent is desperately in need of new development projects that improve the livelihoods of the people.

Regarding Ruwaad – I read that the Government and the whole business community of South Africa went out publicly talking about the need for the Ruwaad project. This clearly shows the positive light in which this project is being perceived by the wider community in South Africa.
Ruwaad
Posted by Ahmed, Cape Town, SA on Saturday 29 November 2008 at 00:31 UAE time

Nonsense. SA is crying out for this sort of thing. Soccer World Cup, Rugby World Cup, Cricket World Cup, Sun City... All in SA and this place is becoming even more of a playground. Lots of fun.
Good Luck
Posted by Aadil, Johannesburg, South Africa on Friday 28 November 2008 at 10:25 UAE time


From first hand experience, I can tell you Ruwaad has their work cut out for them.

A deal like this is very complicated. Different sides with different agendas will push/pull/sabotage in any way they can and by any means.

Ruwaad has a 25% chance of getting this project done.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

RELATED LINKS

  1. Ruwaad Holdings LLC»

 EMAIL ALERTS

  1. Ruwaad Holdings LLC

  2. Construction & Industry


CURRENCY CONVERTOR


READER COMMENTS

Reader Comments (24 hrs)

  1. Is a merger best? 1
    04 Jul ' 09 at 15:29
    The comments above make one wonder why this guy is earning a tiny salary as editor of a minicule local mag for brickies when with his...  More »
Read all user comments >

BUSINESS FEATURES

Real value?

How will Emaar merger with three Dubai Holding cos affect its investors and the emirate's property market?

Top 10 billion dollar projects in Abu Dhabi

Abu Dhabi has come out on top during the economic downturn and is still forging ahead with development.

Gateway to a new Jeddah

Emaar Properties' Jeddah Gate project is leading the charge to rebuild Jeddah's city centre.

BUSINESS INTERVIEWS

Discussing the downturn

We ask a select group of key decision-makers about current issues in the construction industry.

Six tips for surviving the downturn

Find the factors that are helping some companies thrive, while others struggle.

Man with a plan

Saudi Arabia’s Deputy Minister for Town Planning discusses the economic cities and offers advice to foreign companies looking to invest.

MORE FROM ARABIANBUSINESS.COM