INFORMATION FOR INVESTORS
Pennyroyal is building the Zanzibar Amber Resort. This large five-star project is situated on the Indian Ocean-facing North East of Zanzibar Island on 650Ha of land with 4km of private beach. The resort will cater for the escalating demand for high-end destinations within the expanding East African tourism market and real estate sectors.
Zanzibar Amber Resort is wholly owned by Pennyroyal (Gibraltar) Limited, an SPV created specifically to undertake the Zanzibar Amber Resort development with all local operations conducted through Pennyroyal (Gibraltar) Zanzibar Limited, a 100% owned subsidiary.
As of September 2016 clearance and pre-construction preparation works have commenced, including the provision of a 20km public road leading up to the resort entrance, other access roadways, site clearance, perimeter walls and entrance preparation.
The plan is to have the marina, golf course and all infrastructure work including roads and services for the whole resort completed within 3 years. This will coincide with the completion of the first hotels, apartment blocks and villas. Due to the scale and layout of the resort, it is possible to both complete the various segments subsequent phases and minimise disruption due to construction activity in occupied areas.