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Middle-East eyes investment in Namibia
PUBLISHED 5 JUL 2008

SOVEREIGN Hospitality Holdings (SHH), with an integrated asset base of US$800 million which is also a member of the M.A Kharafi Group, a Fortune 500 company registered in Kuwait with an annual turnover of US$4 billion, has chosen Namibia as one of its investment destinations. SHH is an independent hospitality, tourism and real estate investment company based in Geneva, Switzerland, and has regional offices in South Africa and Egypt.
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Through strategic acquisitions, it intends to expand by financing and developing assets in these sectors in Namibia and worldwide. The expansion programme will be achieved through a mixture of organic development and portfolio acquisitions that are financed and thereafter proactively managed.

The portfolio is set to increase significantly with the completion of 11 further unique hospitality developments which will encompass some 1 800 additional rooms reaching a total of 5 800 rooms over the next 3 years, totalling 32 hotels in 10 countries.

For the full article please visit: http://www.republikein.com.na/die-mark/middle-east-eyes-investment-in-namibia.69142.php
 


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