Samuel Saba is the Chairman of Infinity Group, a real estate development group that is headquartered out of Dubai, with significant investments in Zanzibar, Tanzania.
The Infinity Group, which currently employs more than 1,000 people, internationally, has crossed a Gross Development Value (GDV) of $430 million with its existing pipeline of real estate projects.
As with the group, Samuel Saba is also the Chairman of Infinity Foundation, which, aside from sponsoring various organizations, has also directly committed approximately $4 million to the repainting of Stone Town in Zanzibar. The initiative was inaugurated by H.E, the President of Zanzibar and Chairman of The Revolutionary Council, Hussein Ali Mwinyi.
Infinity Group, under Saba’s leadership, has sought to diversify its business interest outside of the Middle East, and into the East African market, particularly in Zanzibar, a country that has seen tremendous growth in international visitors – of over 182% in the last four years.
It has been attributed to the value for money found in Zanzibar, as well as significant investment from the government in public infrastructure, a friendly business environment, beautiful beaches, and a hospitable population.
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To date, Infinity Group has launched several projects on the island, the largest of which is a mega-development in Nungwi called the Anantara Zanzibar Resort & Residences, which is being developed by one of its subsidiaries, Infinity Developments. Anantara Zanzibar Resort & Residences has a GDV of over $206 million, and has been attracting widespread international recognition, and investment from various demographics, particularly the Middle Eastern and European clientele.
“We are proud to be developing what is set to be the most luxurious resort on the island when we open our doors to visitors in 2027,” Saba said.
Infinity has also chosen to invest in cultural tourism and its preservation on the island by investing over $12,000,000 in the renovation, restoration, and preservation of various museums, gardens, and public spaces in Stone Town, a UNESCO World Heritage Site.
Construction for several of these projects have already taken place, and completion is expected by mid-year 2025. One of the projects located in Stone Town is known as the Old Fort.
The group has no plans of slowing down and, in a short amount of time, has the current title of being the largest private developer on the island, with an existing portfolio of about 9 projects. It will be exciting to see what other investments and initiatives are yet to come.
A wide variety of investors from all over the world have been flocking to invest in Zanzibar, and the future looks very bright for the island nation, known for its warm climate, and crystal blue beaches. The future of Zanzibar is being built today – one that Zanzibaris, Tanzanians and visitors will all come to enjoy.
For more info, please visit www.saba.ae; www.anantarazanzibar.com or www.infinitydevelopments.ae.
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