See also:
» 05.03.2011 - Benin protesters won demanded vote delay
» 21.02.2011 - Benin protests ahead of presidential polls
» 01.10.2009 - Benin's livestock farmers sign support grants with USADF
» 15.07.2009 - Benin flood victims visited by ECOWAS
» 08.04.2009 - EU blacklists Benin airlines
» 20.02.2008 - Benin let-go CAR rebel leaders
» 20.03.2007 - Benin President comments on assassination attempt
» 27.10.2004 - Benin President hospitalised in Paris

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development | Politics | Society

Benin secures tourism investment

afrol News, 18 April - Dubai World and the government of Benin have entered negotiations to develop large-scale tourist attractions in the West African country, including a 32 km beachfront development and building of an international hotel in the capital city of Porto Novo.

Benin was chosen for major investments by the leading global holding company after its Chairman, Mr Sultan Ahmed bin Sulayem and a team of senior officials from various group companies, including James Wilson, Chief Executive Officer of Dubai World Africa, the group's investment arm in the continent.

The company's executive team also discussed potential business partnership opportunities with the President of Benin, Boni Yayi.

"The steadily growing trade relations between Dubai and Benin are encouraging," Mr Sulayem concurred. "This gives confidence to Dubai World to engage in business ventures with Benin, which has high growth potential in West Africa."

He hailed President Yayi's "efforts to give a new focus for the country's economy with farsighted plans for overall development."

"Benin has made impressive economic recovery in recent years and is now poised for a future that holds huge promise. The government's policy on clear governance, liberalization and privatisation has provided the economy the much needed vigour for growth. This is the kind of investment atmosphere that Dubai World is searching for," he said.

For Mr. James Wilson, the the Benin partnership will provide Dubai World Africa with another opportunity to shape eco-tourism in the continent.

"The involvement of Dubai World Africa in the masterplanning of the beachfront and the development of game parks, will not only boost the country's tourism industry, but will also preserve the unique qualities of Benin's natural beauty," he said.

"Dubai World Africa will be sending wildlife and ecology experts from it existing game reserves in South Africa to Benin to evaluate its national parks. This is in keeping with the group's strategy to rehabilitate, develop and manage high-end game reserves across the African continent, demand for Eco-tourism and adventure tourism has shown a 90% growth over the past 5 years and is growing by 20% per annum," he said.

Dubai World has also shown interest in the international port of Cotonou on the Atlantic coast, which has modern facilities and is a key trade gateway to the West African market.

The group's flagship marine terminal operator, DP World, is said to be looking at the prospect of investing in port management and a possible free zone, areas where the group has stamped its seal of excellence across the world. The port handles trade in cotton, crude oil and palm products among other things.

Dubai World Africa's major projects in the continent include the world-class Shamwari Game Reserve, Sanbona Wildlife Reserve and Jock Safari Lodge in South Africa.

- Create an e-mail alert for Benin news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Politics news
- Create an e-mail alert for Society news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at