SAVL Signs a Joint Development Agreement with FPD and IGEPE

SAVL
17 September 2014
Content from a Premium Partner
Signature Africa Ventures Limited (Ebene Cybercity)
press release

In August, Signature Africa Ventures Limited (SAVL) has signed a Joint Development Agreement with O FUNDO DE PROMOCAO DESPORTIVA (FPD) and INSTITUTO DE GESTAO DAS PARTICIPACOES DO ESTADO (IGEPE) for the development of an integrated project in Maputo, Mozambique which includes a platform for youth development, recreational sporting facilities, residential and commercial developments, together with all the related amenities expected in a purpose-built city, including hotels, community centres and entertainment venues.

The Project will have a mix of retail, commercial and residential components for sale and rental purposes, along with sports facilities and hospitality components. The project land measuring 5.4 hectares has already been identified and allocated to the project. Initial approval from the local authorities has also been sought, based on the initial concept design which has been prepared by an International Design Consultant.

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