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Dubai World puts Africa projects on hold
- United Arab Emirates: Thursday, August 06 - 2009 at 12:09
Dubai World has put on hold a number of projects until the tought economic conditions ease, including some tourism projects in Africa and elsewhere, Reuters has reported. The ports and property group has invested in a wildlife game reserve in Zimbabwe, acquired three South African wildlife game parks, and was planning to invest in project in Ethiopia and Rwanda worth $100m and $230m respectively. This included two luxury hotels, to boost its exposure to Africa's tourism industry.
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StaffThursday, August 06 - 2009 at 12:09 UAE local time (GMT+4)
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