Zanzibar
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
PEMBA INTERNATIONAL AIRPORT | ZANZIBAR | PORT | 100% IIB-DG | JULY 21 2021 | 169 MILLION USD | 1.69 BILLION USD |
TRANSPORT and AVIATION
IIB ZANZIBAR – IIB-DG acquired IIB Zanzibar in September 2021 for the purpose of expansion of the existing Runway to international standards, revamping the Airside Ground lighting network New Airside Essential Facilities – Fire stations, Hangars, Ground Service Equipment Yard, Airside Substations, Storm-water drainage and landscaping, etc. new Passenger and Cargo Terminals Landside infrastructure including roads, parking spaces, and pedestrian walkways, external services, etc. Boundary Fence Water harvesting, treatment, and reticulation System wastewater drainage, collection, treatment, and disposal system. The project will lead to the building of multi-sector job opportunities in Pemba Island, with secondary links to other parts of Zanzibar and Tanganyika. There will be technological Knowledge transfer to local Contractors.