PROJECT

Projects

Summary of Proposed Investment

Project Number

25605

Company Name

PROTEA HOTEL ARCADES LIMITED

Date SPI Disclosed

Mar 19, 2007

Country

Zambia

Industry

Tourism, Retail and Property

Projected Board Date

Apr 19, 2007

Status

Completed

Sector

City and Business Hotel

Department

Regional Industry - MAS Africa

Environmental Category

B - Limited

Previous Events

Approved : May 1, 2007
Signed : May 2, 2007
Invested : May 29, 2007

Project Description

The project consists of the construction and operation of Protea Hotel Arcades (PHA or the company), a four-star 100-room hotel with two large conference facilities.

The project will serve the growing demand for quality accommodation in Lusaka which is driven by a buoyant economy with a 5% yearly GDP growth rate.

Sponsor / Cost / Location

Development Impact