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Friday, November 27 - 2009

Dubai World Africa concludes deal with Singita Game Reserves

  • United Arab Emirates: Monday, November 03 - 2008 at 13:21
  • PRESS RELEASE

Dubai World Africa has successfully concluded an agreement that sees the company acquire 50% of Singita's interest in their Kruger National Park concession incorporating two Relais & Chateaux lodges - Singita Lebombo and Singita Sweni.

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  • Lebombo Lounge at the Singita Game Reserves.
    Lebombo Lounge at the Singita Game Reserves.
The new ownership structure will not give rise to any change in the management and marketing of the operations which will continue to be contracted to Singita's management company.

Luke Bailes, CEO of Singita commented:
"Working with one of the world's leading global investment companies bodes well for Singita Game Reserves. Dubai World Africa has accessed and sourced great opportunities in Africa and this deal could pave the way for us to explore the possibilities of more new tourism ventures together."


Sultan Ahmed Bin Sulayem, Chairman of Dubai World said:
"Dubai World through our African division, Dubai World Africa, has accomplished much in the way of conservation and tourism related products on the continent over the last 12 months. We have acquired several leading game reserves with world class hospitality offerings and recipients of numerous international tourism awards, our portfolio is complemented by the partnership with Singita Game Reserves. Together we will make significant advances in bringing superior African conservation tourism products to market and showcase a level of excellence for which both Dubai World and Singita are renowned to the world."


James Wilson, CEO of Dubai World Africa added:
"The deal with Singita affords Dubai World Africa the opportunity of working with one of the industry's leading brands in one of the most beautiful parts of the world - Kruger National Park. We hope to replicate the synergies that characterise this deal in future endeavours."

Situated at the confluence of the Nwanetsi and Sweni Rivers, the 15 000 hectare (33 000 acres) property is situated along South Africa's border with Mozambique on the far eastern reaches of the Kruger National Park.

Both lodges boast spectacular scenery teeming with the highest concentration of wildlife in the entire Kruger National Park.

Singita Lebombo offers 15 luxurious, fully air-conditioned wood and glass loft style suites with light, contemporary interiors whilst the more intimate Singita Sweni Lodge has 6 exclusive suites set in cool, dappled shade on the river bank.

The use of African artifacts, leather and khaki lend a more classic safari feel to Sweni Lodge.
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About Dubai World
Dubai World is a holding company that manages and works towards making Dubai the leading hub for the commerce and trading industry.
Dubai World contributes to the rapid economic growth of Dubai across a wide range of strategic industry segments ranging from Nakheel's unique real estate concepts; the iconic development of The Palm, DP World the third largest port operator in the world to segments as diverse as Investments, Leisure and Financial Services.
In the past decade, creation of wealth has undergone a paradigm shift, with greater importance placed on acquisition and application of knowledge as the primary engine for economic growth all over the world.
Our business strategy is driven by a combination of acquisition and investment in diverse fields and is designed to deliver real, measurable results to Dubai world's business units and investment partners.
A strong, visionary leadership has ensured that our ideas have always been innovative, ambitious and well thought out.
Our corporate philosophy is based on strong fundamentals, best ethical practices, integrity, healthy relationship between the management and workers and continuous interaction with stakeholders and partners.
Dubai World is firmly committed to make every country and community in which it operates a better place to live and work, knowing that the ongoing vitality of our host nation and local communities has a direct impact on the long term health of our business.

For more information, please contact:
Media Department
Dubai World
PO Box 17000
Dubai, UAE
Tel: +971 4 8818808
Fax: +971 4 8817722

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