A small extract from IPI's response to some recent investor concerns:
"Without input from the investors and your commitment this resort would never be a reality. IPI, as always, are committed to constructing a magnificent 5 start resort that will reach and exceed all of the investors and guests expectations. We hope that after reading this response that you can appreciate the enormous amount of additional money and sweat that is being put into this development to ensure that all are happy.
IPI are unlike most developers, intrinsically linked to the long-term success of the project and therefore have the same goals as our investors. We have never, nor ever will compromise on quality and we have demonstrated this commitment time and time again despite the cost."
Use the links below to read the full letter.
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Thursday, 23 October 2008
IPI Fully Committed to 5 Star Resort
Zafarana Personnel
Pierre Moutte
Executive Assistant in charge and Director of Food and Beverages.
Yousry Zaghow
Director of the Rooms Division (reception, cleaning service, concierge, guest relations and transportation
Mohamed Yusef
Director of Human Resources and Training (P&O)
Chiara Agnoletti
Director Leisure and Recreation (animation, recreation, sport and fitness
Mohamed Karaa
Director Finance (Financial Management and IT systems
Steve Travers
Director Sales and Marketing
Whilst his activities will mainly be in Europe, Steve and his department will have his office in Egmond aan den Hoef.
The position of Director Facility Manager (technical service, security and maintenance of buildings and public areas) is still open.
Forthcoming Events
16th of November
From 14:00
At a central location in the Netherlands
Meeting to establish the Association of Owners
Agenda
- Presentation of the structure of the IPI group: IPI
- AoO: Proposal of possibilities: IPI
- Foundation of the association for Investors
- Questions and answers session: IPI and Investors
FAQ
Will the amphitheatre be built?
The planned theatre (to be located between blocks F and G) has been scrapped, and a theatre stage is to be located on the beach
Will the marina be built?
The Egyptian Government in an effort to protect the virgin coral reefs around the Zafarana area has decided to not issue licenses for the mooring of ships on this section of coastline. We will be constructing a long jetty to the first reef. The exact construction choice will be made referring to the licenses, which will be provided. From this jetty it is possible to enter the first reef directly when going into the water. The diving school will also run water sport activities from this point.
Where will the planned swimming pool between blocks F and H be built?
The swimming pool will be placed between blocks E and I.
Can my apartment be designated as no smoking?
It is possible to rent the apartment smoking free. This will also mean that the owners won’t be allowed to smoke within the apartment.
How is the quality of the complex that is being constructed?
Construction is according to the South European standards. Engineers who are employed by IPI, and our Dutch employees in Egypt constantly check the construction and the materials. IPI has also introduced European building techniques to Egypt. Examples of this are the cement vibrators to optimize the foundation and pillars and the sealing of the sanitary areas according to Dutch standards.
What facilities have been cancelled from the original vision / plan of the resort?
Salt water pool, crazy golf (incomplete list)
What is the cost of transfers to Zafarana?
How many restaurants will there be at the resort?
There will be seven restaurants, namely a Spanish, French and Lebanese restaurant in the hotel building; an Indian, Italian and a buffet restaurant with a variety of menus in the building which will be situated in the carousel. The seventh restaurant will be a grill restaurant situated on the beach
What provision will there be for making chilled drinking water available throughout the resort?
What will be the cost of final inspection if conducted by an independent consultant?
Hotel suite (1 bedroom) 275,00; Hotel suite (2 bedrooms) 325,00; Garden apartment 325,00; Middle apartment 325,00; Penthouse 350,00
What proof of ownership will I receive on completion?
After completion, IPI will obtain proof of ownership through the court in Cairo. This is the only official document to prove ownership. It is strongly recommend that this document is stored in a safe place
Will the swimming pools be heated?
In the unlikely event the thermoshield does not perform, what plans do IPI have to keep the units cool in summer and warm in winter?
Welcome
Hello fellow investors, welcome to the Zafarana Beach Resort Investors Group blog. The aim at the moment is to act as a central repository of information relating to the construction progress, management, and news about the resort. No doubt, if the blog proves popular and useful, it may expand to serve other functions such as holiday photos, reports from investors visiting Zafarana, etc.
Comments / suggestions, info for publishing , etc to zafaranainvestor@gmail.com