The signing of a 70 year lease of the northwest Mahe site gave the go
ahead to a US$100 million hotel development project at Port Launay.
The main company behind the venture, Corvina Investment is expected to employ around 600 staff members and accommodate 14,000 clients per year. The development will bring great benefit to the country in terms of employment opportunities and also in terms of superior products that the tourism industry requires. The resort is expected to take around 30 months to complete, giving a provisional soft opening date of October 2007.Published on Seychelles International Business Focus, Volume 4, Issue 2, second quarter 2005