TradeInvest Africa (Cape Town)
31 October 2008
Investment Opportunity: Tourism & Leisure
Summerfield Resorts is inviting investors to partner in establishing a Casino & Golf Estate on it's expansive land in Swaziland. Ten hectares of the land hold a beautiful botanical garden with a river frontage.
Summerfield exclusive resort is located in Matsapha on a 100 hectares private farm. The resort is ten minutes from the airport and close to the city and major tourist attractions. A pre-feasibility study is available for interested investors.
The project is expected to boost the tourism infrastructure, serve the growing market for golf estate living; provide job opportunities and foreign currency.
A conference facility is currently under construction in the same location.
Cost of investment: Minimum US$25 million. US$10 million has been invested on the project so far.
Operational Date: The project is expected to be fully operational by 2011.
Partners: Summerfield Casino would have 51% ownership of the investment, and foreign investors the remaining 49%. The payback period is 10 years, and a minimum of 25% rate of return on capital is expected.
The project's coordinating entities are Exclusive Resorts (Pty) Ltd and Swaziland Investment promotion Authority (SIPA).
For more information: http://www.tradeinvestafrica.com/investment_opportunities/882171.htm
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