Plans to Build USD1 Billion Resort in Zanzibar

Plans are underway for a USD1 billion resort in northeast Zanzibar, with the expectation that it will create 1, 500 local jobs as well as introduce electricity healthcare and road infrastructure to the area. YPO member Saleh Said, Partner of Pennyroyal Gibraltar Limited and the developer of Zanzibar Amber Resort, joins CNBC Africa for more.

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YPO is the premier global leadership organization for more than 27,000 chief executives in over 130 countries and the global platform for them to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact. Today, YPO member-run companies, diversified among industries and types of businesses, employ more than 22 million people globally and generate USD9 trillion in annual revenues.