Fairground Holdings lures Investors
Fairground Holdings (FGH) has announced intentions to invite potential investors on its 33 hectares of land.
According to the company, an expression of interest is on the pipeline, pending approval from Special Economic Zone Authority (SEZA), on the piece on land designated within a Special Economic Zone (SEZ) that encompasses a ‘Live, Work and Play’ concept in a mixed-use development.
“We have received several enquiries and interest from the public regarding leasing and acquisition of specific portions of the land for different types of uses.
“Currently, Fairground Holdings is not able to accept any lease proposals or partnerships, pending the finalisation and implementation of the FGH Masterplan by SEZA,” said Fairgrounds Holdings in a statement. The statement further said the company aims at realising the development potential of the site to create value for the community as well as businesses within the immediate environs.
With plans to launch the FGH Masterplan, the company says information to enable any
interested parties to prepare to bid or show interest in the opportunities will be shared soon. In 2018, Fairgrounds Holdings announced plans to position the organization as a premier player and leader in the Meetings, Incentive, Conferences and Exhibitions (MICE) sector of hospitality
and tourism industry.
The company said it was working towards the development of a feasibility study to assess the relevance of developing an upmarket lifestyle hub for diverse clientele providing a work, stay and play environment in the medium term.