LIBREVILLE, GABON – Agence Média Africaine – August 3, 2023 – The Gabonese Fund for Strategic Investments (FGIS), its subsidiaries Façade Maritime du Champ Triomphal (FMCT), an urban development company, Luxury Green Resorts (LGR), a Gabonese tourist operator , on the one hand, and the Kasada group, on the other hand, signed on August 2, 2023 a partnership agreement to develop hotels in Gabon.
Through this agreement, FGIS, FMCT, LGR and Kasada, the independent real estate investment capital platform dedicated to the hotel industry in Africa, respond to the ambition of strengthening the attractiveness of the territory and boosting the Gabonese economy. With a current portfolio of eighteen (18) hotels in eight (8) African markets, Kasada will be involved in the identification, evaluation, structuring and management of hotel projects in Gabon, from conception to completion.
Among the projects to be analyzed as part of this collaboration is the high-end hotel complex in the northern zone of the Baie des Rois site. It will meet the growing needs identified in terms of urban planning, business tourism and leisure, by offering innovative services to users looking for unique and local experiences. Architecturally and environmentally innovative, the hotel will feature sustainable materials, water treatment and the use of green energy in accordance with international standards.
Baie des Rois is part of the urban development program of the Special Investment Zone (ZIS) Baie des Rois, led by FMCT. In line with the Transformation Acceleration Plan (PAT), Baie des Rois aims to become an exceptional center that meets the criteria of a sustainable, innovative and low-carbon city. Located on the seafront of Libreville, it is distinguished by its land and commercial mix for local residents.
Mr. Akim Mohamed DAOUDA, CEO of FGISsaid: “This project is part of our overall strategy for the development of sustainable infrastructure based on the enhancement of our natural capital. The construction of an eco-friendly hotel complex will showcase Gabon’s low-carbon solutions.
Mr. Emmanuel EDANE, CEO of FMCTsaid: “The partnership with Kasada demonstrates the investment opportunities offered by Baie des Rois. This development zone will contribute to the economic influence and tourist development of the Gabonese capital.
Mr. Olivier GRANET and Mr. David DAMIBAManaging Partners of Kasada Capital Management, said, “We are delighted to partner with FGIS and its affiliates. The Baie des Rois is an ambitious and exciting project. It once again demonstrates our expertise and our role as a privileged partner of sovereign entities to carry out complex projects. Our ability to analyze projects of this scale and our agility in terms of financial structuring allow us to find the right solution for this flagship project in Gabon. In addition, through this project, we aim to establish a new standard for sustainable development in Gabon, in line with the country’s initiatives to deal with climate change.
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