Rwanda Optimistic About Dubai Tourism Investments

Deputy CEO at Rwanda Development Board said he does not expect Dubai’s Istithmar World project to be affected by the parent company’s announcement (Dubai World) regarding its debt problems.  Chantal Rugamba said “Regarding investments in Rwanda, we have not received any indication of change of strategy from the previous report,”   Dubai World discontinued six of its eight planned tourism developments for Rwanda in August.  This was a drastic scaling back of a sizable $230 million investment the company first announced in 2007.  

Mr. Rugamba said Dubai World expects to complete at least two projects – an eco-lodge at Nyungwe Forest National Park, and the redevelopment of a lodge in Kinigi, near Volcano National Park.  Dubai World initially planned to invest in eight tourism projects including a residential golf course development, luxury hotels, high end eco lodges, and the 1,080 square meter Akagera National Park.

More Hotels
Emirates Palace Abu Dhabi to celebrate Mexican National Day with Mexican food fiesta
Looking for an adventure - go to Iraq for Eid
* Hotel Metropole Geneva
Latest Travel News
UAE carriers join hands to celebrate the...
New Istanbul airport starts operations...
Discover the making of a Royal Bisht - g...
Featured Sights To See
Montreal Science Centre

Montreal Science Centre

Montreal, Canada

At the nexus of science, technology, and entertainment, the Montreal Science Center is a great destination for families.  There are seven permanent exhibitions and several temporary exhibitions.  Science 26 offers 26 hands-on stations showcasing everyday science, one for each letter of the alphabet.  Mission Gaia is all about sustainable development and the environment.  Cargo ...

Schonbrunn Palace

Schonbrunn Palace

Vienna, Austria

Recognised as one of the most important cultural monuments in Austria, and also a World Heritage Site by UNESCO, this palace was the  Habsburgs' summer escape and was  built in characteristic Habsburg architecture, containing lavish gardens which are the major tourist attraction. The palace also boasts a zoo and greenhouse....

Binbirdirek Cistern

Binbirdirek Cistern

Istanbul, Turkey

The Binbirdirek Cistern, also known as the Cistern of Philoxenos, is a subterranean reservoir near the Hippodrome.  It was originally built in the fourth century AD beneath the Palace of Antiochus.  The cistern was used up until the Ottoman conquest in 1453 when it was abandoned.  In the 17th century it was rediscovered, though it has remained unused.  The cistern is capable of...

la Espana Industrial

la Espana Industrial

Barcelona, Spain

Situated in the Sants neighborhood, it was a heavily industrial area at the end of the 19th century and was home to some of the most important textile factories of Spain.  ...