The implementation of Zanzibar’s Shivo Towers has commenced as the project officially broke ground in Paje. The project has been praised as not only the rise of a landmark development, but a defining moment in Zanzibar’s luxury transformation. Hailed as Zanzibar’s most sophisticated mixed-use tower, the project could not be more strategic. The groundbreaking coincides perfectly with the unveiling of the island’s multi-million high-performance road network. Moreover, the project is deemed as a sleek infrastructure upgrade designed specifically for Zanzibar’s newest clients, high net-worth individuals.
Projects such as Shivo Towers are anticipated to successfully change the island’s status as East Africa’s premier luxury tourism destination. Moreover, it will also contribute in attracting more foreign investors in the tourism sector. The project is located in the beachside village of Paje, aiming to redefine and establish new benchmarks for sustainable real estate development. Shivo Towers is projected to generate $7.5 million in VAT revenue. These exclude significant contributions through import duties and long-term property taxes.
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The Scope of Implementation on Zanzibar’s Shivo Towers
Funded through a construction budget of $35 million, the project integrates various factors into its design, such as environmental thinking. Furthermore, forward-thinking and economic inclusion to deliver a lifestyle offering unmatched anywhere else on the island set it apart. “This transcends simply constructing a luxury building,” noted Richard Asby, CEO Shivo Tanzania. “We are actively shaping Zanzibar’s skyline future while remaining respectful of the island’s heritage and environment.” The scope of the project entails 165 units spanning 10 floors featuring various amenities.
These include luxury residences and commercial spaces with a projected total sales value of $50 million. Once completed, the development is expected to create substantial opportunities for the locals. These include over 300 local jobs will emerge during construction alone, with millions flowing into the local economy through wages, material sourcing, and service contracts. “We believe this project will catalyze smarter, more sustainable development island-wide,” Ashby noted. “Zanzibar stands ready for global recognition—and Shivo Towers provides that proof.”
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