Sunday, April 19, 2009

South Africa a 'Hotspot' for Investment

South Africa is a hotspot for investment according to Sultan Ahmed Bin Sulayem, chairman of Dubai World, main equity partner of the newly opened One & Only luxury hotel in Cape Town.

He considers South Africa a relative investment hotspot, notwithstanding the current global economic climate. "Our strategy is to invest in high-end assets in key destinations around the world which deliver real, measurable results. Our South African portfolio is certainly performing to these criteria."

South Africa's increasing presence on the global stage, specifically in terms of sport tourism as host of the Fifa 2010 World Cup and the Indian Premier League amongst other high profile events, means that there are vast levels of demand for additional amenities for hospitality and tourism, explains Dubai World Africa Services (DWAS) managing director Mike Griffin.

Source:
'SA a property investment hotspot'
Property 24
April 15, 2009