Shivo Towers to become highest tax generating residential hectare in Zanzibar

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Mwananchi Communications Limited

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With a construction budget of $35 million, this monumental project is poised to reshape Zanzibar's skyline while generating substantial revenue for the government.

He adds, “If you take any other typical 10,000 sq m second line project concept for a higher end guest house bungalow resort, the construction cost will normally come to around $2m, well $2m is not even a third of the VAT bill for the Shivo Towers project. We are spending over half a million dollars just on architectural design, our communal gardens and pool area construction alone will cost more than $2m, so you have to look at the total skills generation, job creation, local knowledge creation and revenue opportunity brought forth directly as a result of the development as a whole. So while you can indeed build a traditional bungalow resort out of 100 percent locally sourced labour and materials, it should not automatically be considered to be of net local benefit when compared to a development like Shivo Towers, far from it in fact.”

Shivo Towers to become highest tax generating residential hectare in Zanzibar

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