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PRESENTED BY NGURU WACHIRA

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Presentation on theme: "PRESENTED BY NGURU WACHIRA"— Presentation transcript:

1 PRESENTED BY NGURU WACHIRA
Director, Lamu Two Thousand LTD Nairobi , Kenya Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

2 Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

3 Presentation Planned Development in Kenya
The Lamu Tourism Golf and Leisure Resort City – Investment Opportunities Conclusion Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

4 Planned Development in Kenya
Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

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6 Kenya Beautiful country located in the eastern part of Africa
Home to all 8 ecological zones in the world Ancestral home to all mankind Land of exciting encounters Snow capped mountain on the equator Divided equally by the equator Concluded democratic transition of political power peacefully Largest economy of the East Africa Community with a population of 120 million Maritime Gateway to a population of 250 million. Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

7 Massive Investment Opportunities
A buzz of excitement in the air Kenya is on the verge of rolling out a USD 23 billion dollar project to exploit the vast resources in Coast and Northern Kenya that will catapult the country into a medium income economy by 2030 The initiative has major strategic, socio-economic, infrastructure, and regional trade implications It comprises seven components (Lamu port, highway, railway, oil pipelines, refinery, resort cities and airports) Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

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9 The $23 Billion Lamu Port Project
Arguably the country’s largest investment so far Expected to be the largest modern free port on the Eastern Coast of Africa The port, will be able to handle Super Post Panamax vessels, with a capacity of 8,000 teu as opposed to the 3,000 teu other vessels it is currently handling To serve as a convenient axis that links China/India with the rich interland countries of Africa Involves a new transport corridor that will open up a route to the landlocked countries of Ethiopia and the newly independent, South Sudan In addition to raising the scope for this region’s tourism, agriculture and industrial potential, the project will open up access to Oil rich Southern Sudan The new modern free port will be Africa’s response to Dubai Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

10 DUBAI DUBAI Kenya Diaspora Investment Forum, London – United Kingdom

11 Investment Landscape Imagine a similar growth for Lamu
Besides the port, the project incorporates an oil refinery at Lamu and a 1,720-kilometre standard gauge railway line to Juba to handle high speed trains, which can travel at 160km per hour. The Lamu Port-South Sudan-Ethiopia Transport Corridor (or LAPSSET) is the region's, most ambitious infrastructure project EAC Protocol enacted in 2011 for the free movement of resources across EA including Rwanda and Burundi A prosperous East Africa at peace with itself –solution to Al-Shabaab Kenya Airways has the largest network in Africa, making the country the gateway to the rest of the world China will be the largest economy in the world by 2050 Vision 2030 envisions transforming Kenya into a middle income country. This has awoken the people’s entrepreneurial spirit Arabian Hotel Investment Conference , 5th – 6th May 2013, Madinat Jumeirah, Dubai

12 LAPSETT Project Launch
The ground breaking ceremony was held on 2 March 2012 in Lamu, Kenya in the presence of: Immediate past President Mwai Kibaki of Kenya Ethiopian Prime Minister, Late Meles Zenawi, and South Sudan president, Salva Kiir Arabian Hotel Investment Conference , 5th – 6th May 2013, Madinat Jumeirah, Dubai

13 Indeed Lamu is a ‘’paradise on earth’’ offering opportunities for prosperity and the future of leisure

14 2. Investment Opportunity
Arabian Hotel Investment Conference, 5th – 6th May 2013, Madinat Jumeirah, Dubai

15 Why Invest in the City? The New Free Port will be the hub of economic activities in the region and the hinterland nations across the equator. The strategic positioning of the Tourism and Golf Resort City which has been designed to offer exclusive leisure and hospitality to those who will come to settle and serve the overall Lamu Mega City will take advantage of the Port location within Lamu City Metropolitan with its extensive communication linkages. Kenya Diaspora Investment Forum, London – United Kingdom

16 The Planned Lamu Tourism Golf and Leisure Resort City

17 PHASES PHASE I PHASE II PHASE III PHASE IV PHASE V TOTAL UNITS TYPE OF DEVELOPMENT UNIT TYPES  [Units per phase] [Units per phase] RESIDENCES Low Density Houses 349 - 227 223 286 1085 Medium Density Houses 579 394 466 313 143 1895 High Density Houses 22 116 30 20 208 Creek Chalets 10 66 7 49 132 Commercial Buildings 14 12 11 37 Private Developers Sites (PDS) 3 4 1 INDUSTRIAL Salt Works EPZ 187 114 301 LEISURE Golf Course Country Club 2 Club House Hotels Malls/Offices Theme Parks Retirement Village

18 Wildlife Sanctuary 1 Sports Complex Race Track Marina  1 Educational Facilities University Hospital Technology Institute Secondary Schools 3 Primary Schools 2 4 Nursery Schools Community Police Halls Admin Offices Office Blocks 6 10 Green Energy Wellness Centre Cultural Centre Stadium Internal Container Depot Mariculture Airstrip

19 SUMMARY OF DEVELOPMENT COSTS FOR LAGLER
Phase I [USD] Phase II [USD] Phase III [USD] Phase IV [USD] Phase V [USD] Sub - Total [USD] DEVELOPMENT COST OF SALEABLE UNITS 2,674,487,206 1,225,676,471 1,303,811,765 910,901,471 1,019,922,794 7,134,799,706 DEVELOPMENT COSTS FOR INFRASTRUCTURE 328,340,471 326,858,824 406,905,882 108,952,941 249,776,471 1,420,834,588 TOTAL DEVELOPMENT COSTS 3,002,827,676 1,552,535,294 1,710,717,647 1,019,854,412 1,269,699,265 8,555,634,294

20 PHASES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 INFRASTRUCTURE PHASE I PHASE II PHASE III PHASE IV PHASE V

21 City within a City The planned Lamu Tourism Golf and Leisure Resort City is to be built in the mainland, directly opposite Lamu Island within the defined limits of the New Lamu Port It is set on about 4,500 acres of land and within 15 minutes drive from both the new Lamu International Airport and the sea port Two private piers to provide easy and convenient link to Lamu by boat It is the Private sector’s response to the opportunities created by a new and prosperous Lamu Arabian Hotel Investment Conference, 5th – 6th May 2013, Madinat Jumeirah, Dubai

22 the Lamu Tourism Golf and Leisure Resort City will be
Founded on tourism, the Lamu Tourism Golf and Leisure Resort City will be the ultimate premier tourist destination

23 The Lamu Tourism Golf and Leisure Resort City
Four 18-hole championship golf courses each with its own Club house World Class Hotels with: Conference facilities Restaurants Health spas and Entertainment facilities Private homes Creek chalets and golf villas State-of-the-art children’s theme park Education facilities comprising of a University with a private teaching hospital, Institute of Technology, High Schools and Primary schools a 100 acre Industrial and Business Park Shopping Mall A formula 1 Race Track Arabian Hotel Investment Conference, 5th – 6th May, 2013 – Madinat Jumeirah, Dubai

24 Investment Opportunities– (I)
Become a shareholder by buying shares from the main shareholder and buy a stake in the City

25 Investment Opportunities– (II)
Buy Land

26 Investment Opportunities– (III)
Buy a project in the City

27 3. Conclusion Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

28 Communication Address
Lamu Tourism, Golf and Leisure Resort City (LAGLER) Apic Centre, Muthithi Road, Westlands, Nairobi P. O. Box NAIROBI, KENYA Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

29 “We look forward to enjoying with you the benefits conferred on us by the Coastal Resort City – *The future of leisure* ASANTE SANA


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