LIBREVILLE, GABON 3 August 2023 – The Fonds Gabonais d’Investissements Stratégiques (FGIS), its subsidiaries Façade Maritime du Champ Triomphal (FMCT), an urban development company, Luxury Green Resorts (LGR), a Gabonese tourism operator, on one hand, and the Kasada group, on the other hand, signed a partnership agreement on August 2nd, 2023, to develop hotels in Gabon.
Through this agreement, FGIS, FMCT, LGR and Kasada, the independent real estate private equity platform dedicated to hospitality in Africa, are responding to the ambition to strengthen the attractiveness of the territory and boost the Gabonese economy. With a current portfolio of eighteen (18) hotels in eight (8) African markets, Kasada will be involved in identifying, evaluating, structuring, and managing hotel projects in Gabon, from conception to completion.
Among the projects to be analyzed as part of this collaboration is the upscale hotel complex in the northern zone of the Baie des Rois site. It will address the growing needs identified in terms of urban planning, business tourism and leisure, offering innovative services to users looking for unique, local experiences. Architecturally and environmentally innovative, the hotel will feature sustainable materials, water treatment and the use of green energy in line with international standards.
Baie des Rois is part of the urban development program for the Baie des Rois Special Investment Zone (ZIS), led by FMCT. In line with the Plan d’Accélération de la Transformation (PAT), Baie des Rois aims to become an exceptional hub meeting the criteria of a sustainable, innovative, low-carbon city. Situated on Libreville’s waterfront, it stands out for its mixed use of real estate and commercial space for local residents.
Mr. Akim Mohamed DAOUDA, CEO of FGIS, declared: “This project is part of our overall strategy to develop sustainable infrastructures based on the valorization of our natural capital. The construction of an environmentally-friendly hotel complex will showcase Gabon’s low-carbon solutions.”
Mr. Emmanuel EDANE, CEO of FMCT, declared: “The partnership with Kasada effectively demonstrates the investment opportunities offered by the Baie des Rois. This development zone will contribute to the economic influence and tourism growth of the Gabonese capital.”
Mr. Olivier GRANET and Mr. David DAMIBA, Managing Partners of Kasada Capital Management, commented: “We are delighted to be partnering with FGIS and its subsidiaries. The Baie des Rois is an ambitious and exciting project. It demonstrates once again our expertise and our role as preferred partner for sovereign entities to carry out complex projects. Our ability to analyze projects of this scale and our agility in terms of financial structuring, enable us to find the right solution for this flagship project in Gabon. Furthermore, through this project, we aim to set a new standard for sustainable development in Gabon, in line with the country’s initiatives to address climate change.”
