Economy FDI Infrastructure Mozambique Real Estate

Emirati group to complete $200m Rani towers in Maputo

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The United Arab emirates based Rani Investment of the Aujan Group, says it will soon complete construction of Torres Rani in Maputo, one of the largest real estate projects costing more than $200 million, APA observes here on Tuesday. Rani Resources says in a statement emailed to APA that the structure of the two towers extends over an area of 71,000 square metres and includes a residential building with more than 180 fully furnished and equipped apartments and 22,000 square metres for offices and is located on the waterfront of the capital.

Torres Rani includes two swimming pools, a children’s play area, restaurants and lounges and a gym.

Besides the two towers, the building project by Rani Investment also included construction of the five-star Radisson Blu Hotel, in operation since January 2013.

The Rani Investment Group, which has been in Mozambique for over 15 years, owns four hotels in the country, notably the Avani Pemba Beach Hotel in the northern province of Cabo Delgado, and the Radisson Blu in the Mozambican capital, Maputo.

Source: APA

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