Dubai World Africa concludes deal with Singita Game Reserves
Dubai World Africa has successfully concluded an agreement that sees the company acquire 50% of Singita’s interest in their Kruger National Park concession incorporating two Relais & Chateaux lodges – Singita Lebombo and Singita Sweni.
The new ownership structure will not give rise to any change in the management and marketing of the operations which will continue to be contracted to Singita’s management company.
Luke Bailes, CEO of Singita commented:
‘Working with one of the world’s leading global investment companies bodes well for Singita Game Reserves. Dubai World Africa has accessed and sourced great opportunities in Africa and this deal could pave the way for us to explore the possibilities of more new tourism ventures together.’
Sultan Ahmed Bin Sulayem, Chairman of Dubai World said:
‘Dubai World through our African division, Dubai World Africa, has accomplished much in the way of conservation and tourism related products on the continent over the last 12 months. We have acquired several leading game reserves with world class hospitality offerings and recipients of numerous international tourism awards, our portfolio is complemented by the partnership with Singita Game Reserves. Together we will make significant advances in bringing superior African conservation tourism products to market and showcase a level of excellence for which both Dubai World and Singita are renowned to the world.’
James Wilson, CEO of Dubai World Africa added:
‘The deal with Singita affords Dubai World Africa the opportunity of working with one of the industry’s leading brands in one of the most beautiful parts of the world – Kruger National Park. We hope to replicate the synergies that characterise this deal in future endeavours.’
Situated at the confluence of the Nwanetsi and Sweni Rivers, the 15 000 hectare (33 000 acres) property is situated along South Africa’s border with Mozambique on the far eastern reaches of the Kruger National Park.
Both lodges boast spectacular scenery teeming with the highest concentration of wildlife in the entire Kruger National Park.
Singita Lebombo offers 15 luxurious, fully air-conditioned wood and glass loft style suites with light, contemporary interiors whilst the more intimate Singita Sweni Lodge has 6 exclusive suites set in cool, dappled shade on the river bank.
The use of African artifacts, leather and khaki lend a more classic safari feel to Sweni Lodge.
