Ethiopian investor contracts with Thai company to manage huge Ethiopian resort
A local real estate developer is putting in USD 150 million to partner with Thailand’s Dusit Thani to build Ethiopia’s biggest resort. Located in Legadadi, Oromia region, 23km from Addis Ababa, the resort will take up 400,000 sqm and take four years to complete. Construction will begin in October of 2017.
Unlike most resorts this one will not be a lakeside property. Although it will be on land it will feature an artificial lake and 30 swimming pools. It also will have a presidential suite, 380 rooms, an executive floor and multiple food and beverage outlets, including; a restaurant serving international cuisine; a specialty café and a fashionable rooftop cocktail bar.
It will also feature a spa and fitness centre, wellness center and conference room which can accommodate 1,000 people and eight meeting centers. The mega resort dubbed Dusit Thani Wellness and Conference Destination Resort is expected to create over 1,000 jobs especially for local people.
The architect is from South Africa and the interior design is being done by an Italian company. Their parking lot can accommodate 500 cars. It will also have a golf course in the second phase of the project.
The project is expected to be financed by international banks. Construction companies from Ethiopia, China and Italy have submitted proposals to construct the resort.
Read more at: CapitalEthiopia.com
You suggest that the project is co-owned by Thai and Ethiopian entities. You name the Thai partner but not the Ethiopian side. Are you unsure as to who it is? Is the project in such a preliminary stage that the Ethiopian side is not ready to be identified in a public forum? In either instance, why is the story news worthy if the actors are not worth identifying? Some times your “news” reports can easily pass for the campaign posters of the government. Just saying,…