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FINANCIAL NEWS
Saudi’s Aujan begins construction on $100m resort in Mozambique
05 Dec 2010
(MENAFN) Adel Aujan, Chairman of Saudi-based Aujan Group, the largest investor in Mozambique’s tourism industry, announced that its subsidiary, Rani Resorts, is set to begin working on a flagship resort on Paradise Island in the country’s Bazaruto Archipelago, valued at $100 million, Arab News reported.
According to Aujan, construction of the resort which will commence in 2011, and is scheduled to open to guests in 2013, includes an airstrip for easy access to the mainland and will consist of an 80-room hotel, 50 holiday villas and apartments, restaurants, a Clube Naval, kids club, spa, shops, and a dive and fishing center.
Aujan Group already operates five luxury hotel destinations in Mozambique, including the flagship Indigo Bay Resort and Spa. Worldwide, the group has operations in 15 regional locations, brand presence in over 50 countries and more than 2,500 employees, Aujan said.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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