IFA, Kingdom in Zanzibar project

Kuwait-based IFA Hotels & Resorts and Saudi's Kingdom Investments is planning to build a resort on Zanzibar, according South Africa's Finance24 online. Swiss hotel operator Movenpick will manage the resort, to be called Movenpick Resort & Spa-Zanzibar, which will eventually have 220 rooms. A first phase of 109 rooms is due to be completed in Q4 2006. [AMEInfo.com]