New Partnership in the Hospitality Sector in Gabon

SUMMARY – DISCOVER GABON’S HOSPITALITY GROWTH WITH A GROUNDBREAKING PARTNERSHIP FOR SUSTAINABLE HOTEL DEVELOPMENT. EXCITING PLANS TO BOOST THE ECONOMY AND SHOWCASE ECO-FRIENDLY LUXURY EXPERIENCES IN THE HEART OF AFRICA.

On August 3rd, 2023, in Libreville, Gabon, the Fonds Gabonais d’Investissements Stratégiques (FGIS), along with its subsidiaries Façade Maritime du Champ Triomphal (FMCT) and Luxury Green Resorts (LGR), signed a partnership agreement with the independent real estate private equity platform Kasada group. The purpose of the agreement is to develop hotels in Gabon. The agreement was signed on August 2nd, 2023.

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This partnership aims to enhance the territory’s appeal and uplift the Gabonese economy. Kasada, with its experience and a current portfolio of eighteen hotels in eight African markets, will play a pivotal role. It will identify, evaluate, structure, and manage hotel projects in Gabon from conception to completion.

In this collaboration, one of the projects to be examined is the upscale hotel complex that will be situated in the northern region of the Baie des Rois site. The hotel will cater to the increasing demands of urban planning, business tourism, and leisure activities, and will provide unique services and local experiences. It will be constructed using sustainable materials, incorporate water treatment, and utilize green energy sources in accordance with global norms.

Statements from Key Stakeholders

Here are some statements from key stakeholders regarding the Baie des Rois project:

Mr. Akim Mohamed DAOUDA, CEO of FGIS, said that the project aligns with their strategy of developing sustainable infrastructures based on the valorization of Gabon’s natural capital. He added that the environmentally-friendly hotel complex will showcase Gabon’s low-carbon solutions.
Mr. Emmanuel EDANE, CEO of FMCT, expressed that the partnership with Kasada effectively showcases the investment opportunities offered by Baie des Rois. He believes that this development zone will contribute to the economic influence and tourism growth of the Gabonese capital.
The Managing Partners of Kasada Capital Management, Mr. Olivier GRANET and Mr. David DAMIBA, expressed their satisfaction in collaborating with FGIS and its subsidiaries. They are enthusiastic about the Baie des Rois project, which they believe is a remarkable and challenging project that showcases their proficiency as a trusted partner for sovereign entities in intricate projects. They aspire to establish a novel benchmark for sustainable development in Gabon, adhering to climate change initiatives.

READ: Kasada Capital to Transform Umubano Hotel into Mövenpick

About the Organizations

There are several organizations working towards the development of Gabon:

FGIS: The Fonds Gabonais d’Investissements Stratégiques (FGIS) is the trustee of the Fonds Souverain de la République Gabonaise (FSRG). FGIS invests in strategic sectors to create shared prosperity for Gabon’s people and future generations.
FMCT: Façade Maritime Champ Triomphal (FMCT) is a subsidiary of FGIS. FMCT is dedicated to the sustainable development of Gabon’s territory and aligned with the Sustainable Development Goals (SDGs).
LGR: LGR, also known as Luxury Green Resorts, is a tourism company based in Gabon. Their main objective is to revive the tourism industry while also protecting the natural heritage of the country.
Kasada: Kasada is an independent real estate private equity platform that is dedicated to hospitality in Africa. It is backed by Qatar Investment Authority and Accor.

For more information, visit the respective websites of FGIS (www.fgis-gabon.com), FMCT (www.fmct-gabon.com), LGR (www.luxurygreen-resorts.com), and Kasada (www.kasada.com). Follow Kasada on LinkedIn for more updates.

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