Dubai World puts Africa projects on hold

06 August 2009

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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