PROJECT # 0042

Seychelles, a Diversity of Projects Proposed by Private Sector Holders in the Tourism Sector

The tourism sector has been central to the Seychelles economy since the opening of the Seychelles International Airport in 1971. The natural beauty of the 115 islands as well as the unique creole culture have attracted a growing number of visitors, positioning the islands as a magnet for regional and international companies looking to invest in the sector. Various projects proposed by private sector holders are available and include:

• KRG Resorts & Spa (US$105.72 M), construction of residential villas and apartments, each with their own pool and kitchens in Anse Forbans, Mahe
• Sailwin Condominiums & Marina (US$25.4M), construction of a private marina and its storage units, 29 upmarket condominiums, and a small hotel/ restaurant or office building, Perseverance Island
• La Louise Residency (US$2.8M), construction of residential apartments in Plaisance, Mahe
• Intendance Bay (US$17.9M), construction of a hotel and villas over a 57,000 m2 land area, Anse Intendance, Mahe
• Castello Beach Hotel (US$11.5 M), upgrade of an existing 10 year old 4-Star hotel by the beach with sunset view (26 suites) to a 5-Star luxurious hotel with an extension of 10 more rooms and a wellness facility.