The Landmark Group, in collaboration with the Rivers State Government, has acquired waterfront property in Port Harcourt to transform the former Port Harcourt Tourist Beach into a premier leisure, hospitality, and tourism destination.
Project Overview
The redevelopment, named the Landmark Port Harcourt Leisure Resort, is set to commence in the first quarter of 2025, with phased completions beginning in the fourth quarter of the same year.
Insights
- Economic Impact: The project is anticipated to significantly boost the local economy by creating direct and indirect employment opportunities, fostering the growth of small and medium-sized enterprises (SMEs), and enhancing the local supply chain.
- Revenue Generation: It is expected to diversify internally generated revenue (IGR) for Rivers State, contributing to the region’s economic development.
- Strategic Expansion: This initiative marks the first of several prime tourism destinations that Landmark Group plans to develop across West Africa, with half of these projects located in Nigeria.
What You Should Know
- Landmark Group’s Commitment: The company aims to leverage its international expertise in providing waterfront leisure experiences to create unparalleled leisure opportunities in Port Harcourt.
- Local Collaboration: The partnership with the Rivers State Government underscores a commitment to public-private collaborations in driving regional development.
- Future Developments: The Landmark Port Harcourt Leisure Resort is part of a broader strategy to establish multiple tourism destinations, enhancing Nigeria’s appeal as a top-tier tourism hub in West Africa.
This redevelopment project signifies a substantial investment in Port Harcourt’s tourism infrastructure, poised to revitalize the city’s appeal and stimulate economic growth in the region.
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