10.08.08

USD 350 million resort will replace Plantation Club

Posted in Business and Economy, Seychelles offshore jurisdiction, Tourism industry at 9:26 am by Robert Klien

Within the next 30 months, a USD 350 million resort will be built at the location where the condemned Plantation Club Resort & Casino is now situated. Most of the existing buildings of Plantation Club Resort & Casino will be demolished and, after that, a 3-phase development will start. The 1st part will be ready in 18 months.

The resort property has been awarded through public tender to European Hotels and Resorts Ltd. The development partner is Mantis Development International.

The development is expected to attract an extra 9 000 tourists per year to Seychelles. Also, it should contribute USD 350 million to the offshore jurisdiction’s GDP. It is also important that construction work will provide the equivalent of 14 000 jobs.

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