Update on progress of $1bn Pennyroyal Gibraltar’s Zanzibar resort project

PUBLISHED: Fri, 13 Oct 2017 14:45:31 GMT

Pennyroyal Gibraltar recently unveiled plans to construct an iconic $1.6 billion Amber Resort northeast of Zanzibar. The investment comes at a time when the Government is encouragement investment by revising the tax regime. At the Africa Hotel Investment forum, CNBC Africa tracked the progress of the resort with Saleh Said, Managing Director at Pennyroyal Gibraltar and a YPO member.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.