Mauritius to get R650m resort

THE IFA Consortium has announced that it is to invest in a major resort in Mauritius, to be developed by IFA Hotels & Resorts at a cost of approximately R650m. The announcement follows a visit to Mauritius by the chairman and md of International Financial Advisors, (IFA), Kuwait, Jassim M Al-Bahar in July 2004 and a subsequent meeting last week during a state visit to Mauritius. In IFA’s agreement with the Government of Mauritius, IFA it will acquire a major property and establish a resort consisting of an internationally operated hotel, villas, townhouses and a golf course. Al-Bahar said: “When the plans of the resort are completed, the luxury complex will represent an investment of over $100m – the single largest tourism investment into the island to date. Our plan is to have the largest luxurious destination resort, employing up to 1000 people, on this beautiful island.” The resort will include a fully integrated five-star hotel and residential resort; an entertainment complex including retail facilities; golf and country club including a golf course and 750 freehold properties, including villas, townhouses and apartments. (Darren Sandras)