Kempinski to manage Nakheel's first overseas property Development

Nakheel Hotels & Resorts is working in partnership with Kempinski to open its first international hotel in Djibouti on the East coast of Africa, representing the Nakheel's first overseas property development.

Situated on the east coast of "the horn of Africa", the hotel will be located in Djibouti's capital – Djibouti City. The 400 room five-star Djibouti Palace Hotel will also feature luxury resort facilities including a beach club and retail arcade, as well as a state-of-the-art conference centre. The hotel will be run by Kempinski Hotels and Resorts. The hotel is part of a large integrated development which will also include a number of residential types (furnished and unfurnished apartments and villas), commercial offices and retail opportunities.

Nakheel is also working on other leisure developments within the country of Djibouti which include a mountain top spa and island resorts.

The first phase of the hotel is already under construction, and the hotel and conference centre will be completed by November 2006, in time to host the COMESA (Common Market for Eastern and Southern Africa) Meeting of Council of Ministers, which will be attended by leading political figures from around the world, including heads of state from the twenty member countries.

Sultan Ahmed bin Sulayem, Nakheel Executive Chairman said, "This hotel will be a hotel for both business and tourist visitors, and it will include all the facilities you would expect of a luxury resort. We are very pleased to be working with Kempinski, who have an excellent record of pioneering quality hotel developments in emerging markets. The strength of the development has already been recognised by the decision of COMESA to use the hotel in 2006."

The Taisei Corporation have been appointed designers and contractors for the project.

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