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Sat 11 Dec 2010 06:33 PM

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Aujan Group subsidiary to build $100m Mozambique resort

Rani Resorts, which is owned by Saudi based Aujan Group, will start construction in 2011 and open the resort in 2013

Aujan Group subsidiary to build $100m Mozambique resort
Chairman of Aujan Group said Mozambique has rich resources and outstanding potential for tourism

Rani
Resorts, the hospitality group owned by Saudi-based Aujan Group, is to start
construction on a new $100m resort in Mozambique, the announced on Wednesday.

Aujan
Group, which is the largest privately owned beverages and confectionery
business in the GCC, has expanded into the hospitality sector and through Rani
Resorts it is the largest investor in Mozambique’s tourism industry.

“Mozambique
is shaping up to be Africa’s brightest rising star, with rich resources and
outstanding potential for tourism,” Adel Aujan, chairman of Aujan Group said on
the sidelines of the Gulf Africa Investment Conference in Riyadh.

Rani
Resorts currently operates five luxury hotel projects in Mozambique and
construction on the $100m Paradise Island resort will start in 2011 and is
expected to open in 2013.

“The
architectural concept for the new hotel is retro, in keeping with the original
establishment on the island that was so popular with glamourous jet-set of the
50s and 60s”, said Kamel Abdallah, CEO of Rani Investment.

Located on
the Bazaruto Archipelago, which is two hour’s flying time from Johannesburg,
Paradise Island will have an airstrip, an 80 room hotel, 50 holiday villas and apartments,
restaurants and various retail and entertainment venues.

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