Monday, December 17, 2007

Dubai World investing in Rwanda tourism

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Dubai to invest $230 million in Rwanda tourism


State-owned enterprise Dubai World to build eight tourism facilities in Rwanda.


NAIROBI - Dubai World, a state-owned enterprise, said Thursday it will invest 230 million dollars in Rwanda's tourism sector.

Through its investment arm, Istithmar Real Estate, Dubai World will build eight tourism facilities in the tiny east African country, including luxury hotels and lodges in national parks as well as golf courses and villas.

It will put up an 60-room lodge in the Akarega National Park, east of the capital, and a five-star tented camp in the Volcanoes National Park, home to hundreds of rare mountain gorillas.

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