PRESENTED BY NGURU WACHIRA Director, Lamu Two Thousand LTD Nairobi, Kenya Arabian Hotel Investment Conference, 5 th - 6 th May 2013 – Madinat Jumeirah,

PRESENTED BY NGURU WACHIRA

Director, Lamu Two Thousand LTDNairobi , Kenya

Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

Presentation

1. Planned Development in Kenya

2. The Lamu Tourism Golf and Leisure Resort City – Investment Opportunities

3. Conclusion

Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

Planned Developmentin Kenya

Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

Kenya

• Beautiful country located in the eastern part of Africa• Home to all 8 ecological zones in the world• Ancestral home to all mankind• Land of exciting encounters• Snow capped mountain on the equator• Divided equally by the equator• Concluded democratic transition of political power peacefully• Largest economy of the East Africa Community with a population

of 120 million • Maritime Gateway to a population of 250 million.

Arabian Hotel Investment Conference , 5th - 6th May 2013 – Madinat Jumeirah, Dubai

Massive Investment Opportunities

• A buzz of excitement in the air

• Kenya is on the verge of rolling out a USD 23 billion dollar project to exploit the vast resources in Coast and Northern Kenya that will catapult the country into a medium income economy by 2030

• The initiative has major strategic, socio-economic, infrastructure, and regional trade implications

• It comprises seven components (Lamu port, highway, railway, oil pipelines, refinery, resort cities and airports)

Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

The $23 Billion Lamu Port Project

• Arguably the country’s largest investment so far

• Expected to be the largest modern free port on the Eastern Coast of Africa

• The port, will be able to handle Super Post Panamax vessels, with a capacity of 8,000 teu as opposed to the 3,000 teu other vessels it is currently handling

• To serve as a convenient axis that links China/India with the rich interland countries of Africa

• Involves a new transport corridor that will open up a route to the landlocked countries of Ethiopia and the newly independent, South Sudan

• In addition to raising the scope for this region’s tourism, agriculture and industrial potential, the project will open up access to Oil rich Southern Sudan

• The new modern free port will be Africa’s response to Dubai

Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

Kenya Diaspora Investment Forum, London – United Kingdom

DUBAI

DUBAI

Investment Landscape

• Imagine a similar growth for Lamu

– Besides the port, the project incorporates an oil refinery at Lamu and a 1,720-kilometre standard gauge railway line to Juba to handle high speed trains, which can travel at 160km per hour.

– The Lamu Port-South Sudan-Ethiopia Transport Corridor (or LAPSSET) is the region's, most ambitious infrastructure project

– EAC Protocol enacted in 2011 for the free movement of resources across EA including Rwanda and Burundi

– A prosperous East Africa at peace with itself –solution to Al-Shabaab– Kenya Airways has the largest network in Africa, making the country the

gateway to the rest of the world– China will be the largest economy in the world by 2050

• Vision 2030 envisions transforming Kenya into a middle income country. This has awoken the people’s entrepreneurial spirit

Arabian Hotel Investment Conference , 5th – 6th May 2013, Madinat Jumeirah, Dubai

LAPSETT Project Launch

The ground breaking ceremony was held on 2 March 2012 in Lamu, Kenya in the presence of:

– Immediate past President Mwai Kibaki of Kenya

– Ethiopian Prime Minister, Late Meles Zenawi, and

– South Sudan president, Salva Kiir

Arabian Hotel Investment Conference , 5th – 6th May 2013, Madinat Jumeirah, Dubai

Indeed Lamu is a ‘’paradise on earth’’ offering opportunities for prosperity and the future of leisure

2. Investment Opportunity

Arabian Hotel Investment Conference, 5th – 6th May 2013, Madinat Jumeirah, Dubai

Why Invest in the City?

• The New Free Port will be the hub of economic activities in the region and the hinterland nations across the equator.

• The strategic positioning of the Tourism and Golf Resort City which has been designed to offer exclusive leisure and hospitality to those who will come to settle and serve the overall Lamu Mega City will take advantage of the Port location within Lamu City Metropolitan with its extensive communication linkages.

Kenya Diaspora Investment Forum, London – United Kingdom

The Planned Lamu Tourism Golf and Leisure Resort City

PHASES   PHASE I PHASE II

PHASE

III

PHASE

IV PHASE V

TOTAL

UNITS

TYPE OF

DEVELOPME

NT

UNIT TYPES  [Units

per

phase]

 [Units

per

phase]

[Units

per

phase]

[Units

per

phase]

[Units

per

phase]

RESIDENCES

Low Density

Houses

349 - 227 223 286 1085

Medium Density

Houses

579 394 466 313 143 1895

High Density

Houses

22 116 30 20 20 208

  Creek Chalets 10 66 7 49   132

Commercial

Buildings

14 12   11   37

Private

Developers Sites

(PDS)

3 4 3   1 11

INDUSTRIAL Salt Works     1     1

  EPZ   187   114   301

LEISURE Golf Course 1   1 1 1 4

  Country Club   2       2

  Club House 1   1  1 1 4

  Hotels 1   1 1 1 4

  Malls/Offices 1 1   1 1 4

  Theme Parks 1 1       2

Retirement

Village

  1     1

Wildlife

Sanctuary

    1     1

  Sports Complex     1     1

  Race Track 1 1

  Marina          1 1

Educational

Facilities University

  1     1

  Hospital 1       1

Technology

Institute

    1   1

Secondary

Schools

1 1   1   3

  Primary Schools 1 1 2   4

  Nursery Schools 1 1 1     3

Community Police 1         1

  Halls   1 1     2

  Admin Offices         1 1

  Office Blocks 2 2 6     10

  Green Energy     1     1

  Wellness Centre     1     1

  Cultural Centre     1     1

  Stadium   1        

Internal

Container Depot

  1       1

  Mariculture         1 2

  Airstrip         1 1

SUMMARY OF DEVELOPMENT COSTS FOR LAGLER

Phase I

[USD]

Phase II

[USD]

Phase III

[USD]

Phase IV

[USD]

Phase V

[USD]  

Sub -

Total

[USD]

DEVELOPME

NT COST OF

SALEABLE

UNITS  

2,674,48

7,206

1,225,67

6,471

1,303,81

1,765

910,901,

471

1,019,9

22,794  

7,134,79

9,706

DEVELOPME

NT COSTS

FOR

INFRASTRUC

TURE

328,340,

471

326,858,

824

406,905,

882

108,952,

941

249,776

,471

1,420,83

4,588

TOTAL

DEVELOPME

NT COSTS  

3,002,82

7,676

1,552,53

5,294

1,710,71

7,647

1,019,85

4,412

1,269,6

99,265  

8,555,63

4,294

PHASES YEA

R 1

YEA

R 2

YEA

R 3

YEA

R 4

YEA

R 5

YEA

R 6

YEA

R 7

YEA

R 8

YEA

R 9

YEA

R 10

2013 2014 2015 2016 2017 2018 2019 2020 2021 202

2

INFRASTRUC

TURE

PHASE I

PHASE II

PHASE III

PHASE IV

PHASE V

City within a City

The planned Lamu Tourism Golf and Leisure Resort City is to be built in the mainland, directly opposite Lamu Island within the defined limits of the New Lamu Port

It is set on about 4,500 acres of land and within 15 minutes drive from both the new Lamu International Airport and the sea port

Two private piers to provide easy and convenient link to Lamu by boat

It is the Private sector’s response to the opportunities created by a new and prosperous Lamu

Arabian Hotel Investment Conference, 5th – 6th May 2013, Madinat Jumeirah, Dubai

Founded on tourism, the Lamu Tourism Golf and Leisure Resort City will be

the ultimate premier tourist destination

The Lamu Tourism Golf and Leisure Resort City

• Four 18-hole championship golf courses each with its own Club house

• World Class Hotels with:- Conference facilities- Restaurants- Health spas and Entertainment

facilities• Private homes• Creek chalets and golf villas

• State-of-the-art children’s theme park

• Education facilities comprising of a University with a private teaching hospital, Institute of Technology, High Schools and Primary schools

• a 100 acre Industrial and Business Park

• Shopping Mall• A formula 1 Race Track

Arabian Hotel Investment Conference, 5th – 6th May, 2013 – Madinat Jumeirah, Dubai

Investment Opportunities– (I)

Become a shareholder by buying shares from the main shareholder and buy a stake in the City

Investment Opportunities– (II)

Buy Land

Investment Opportunities– (III)

Buy a project in the City

3. Conclusion

Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

Communication Address

Lamu Tourism, Golf and Leisure Resort City(LAGLER)

Apic Centre,Muthithi Road, Westlands, NairobiP. O. Box 46672-00100NAIROBI, KENYAwww.lamukizukicity.comE-mail: info@lamugolfresort.com

Arabian Hotel Investment Conference, 5th – 6th May 2013 – Madinat Jumeirah, Dubai

“We look forward to enjoying with youthe benefits conferred on us by theCoastal Resort City – *The future of leisure*

ASANTE SANA