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Introducing Lumia Towers, the first ever crypto real-estate development with not one, but TWO skyscrapers. And the best part, we are tokenizing it all. Officially named “Lumia Towers”, this massive $220M project in Istanbul will house 300 residential and commercial units - spanning over 50,000 square meters. The towers... show more

Lumia

399,852 subscribers

795,694 Aufrufe • vor 1 Jahr •via X (Twitter)

Wissenschaft & Technologie Nachrichten & Politik Finanzen

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11 Kommentare

Profilbild von Ash Crypto

Ash Cryptovor 1 Jahr

wow ! This is massive !!!

Profilbild von Travala.com 🏨 ✈️

Travala.com 🏨 ✈️vor 5 Jahren

This one's for the Crypto Whales ⬇️ NEW exclusive & luxurious experiences have been added to Apply today & #TravelUnlikeAnyOther with your favorite cryptocurrency.

Profilbild von RWA.io

RWA.iovor 1 Jahr

Tokenized real estate at this scale is a major step forward. #LumiaAroundTheWorld

Profilbild von paulsmir.eth

paulsmir.ethvor 1 Jahr

Wow, the big things are here!

Profilbild von Tanssi

Tanssivor 1 Jahr

Awesome initiative! This will be a great case for real-state tokenization and drive its adoption!

Profilbild von CRY Alpha

CRY Alphavor 1 Jahr

Is there Istanbul ❤️‍🔥

Profilbild von shiv (divinely protected)

shiv (divinely protected)vor 1 Jahr

Incredibly huge!

Profilbild von tzs🦙🔥

tzs🦙🔥vor 1 Jahr

RWAstonishing

Profilbild von Nachit.snid.eth | (Ø,G)

Nachit.snid.eth | (Ø,G)vor 1 Jahr

road to 1 billion

Profilbild von sharuk.eth

sharuk.ethvor 1 Jahr

😳😳😳🔥 OMG 💎 unbelievable 😳 $LUMIA 🚀💎🔥

Profilbild von cryptodayp

cryptodaypvor 1 Jahr

That's huge

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Introducing Lumia ➪ Revolutionizing Real-World Assets on Blockchain. The financial landscape is undergoing a significant transformation, and Lumia is at the forefront of this change. By leveraging blockchain technology, Lumia is making it possible to tokenize and bring Real-World Assets (RWAs) into the digital realm. What are Real-World Assets ? RWAs refer to tangible assets such as gold, silver, industrial metals, and more. Tokenizing these assets on the blockchain enables them to become liquid, tradable, and usable as collateral in Decentralized Finance (DeFi) applications. Lumia's Key Features: ➪ Regulatory Compliance : Lumia ensures that all tokenized assets are legally backed by securing necessary licenses in key jurisdictions. ➪ Bailment Agreement: A robust legal framework guarantees that assets remain with trusted custodians while being represented digitally. ➪ Lumia Stream: A liquidity aggregator that connects Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) for seamless trading. ➪ KYC on Blockchain: Integrated PrivadoID enables secure identity verification without exposing personal data. Unlocking New Opportunities: Lumia is bridging the gap between traditional finance and DeFi, unlocking new investment opportunities and providing global accessibility. This innovative platform is poised to revolutionize the way we interact with real-world assets. To understand this very well watch this amazing video made by @DeFiPlayHub this amazing video unleash the inner secret behind Lumia

Introducing Lumia ➪ Revolutionizing Real-World Assets on Blockchain. The financial landscape is undergoing a significant transformation, and Lumia is at the forefront of this change. By leveraging blockchain technology, Lumia is making it possible to tokenize and bring Real-World Assets (RWAs) into the digital realm. What are Real-World Assets ? RWAs refer to tangible assets such as gold, silver, industrial metals, and more. Tokenizing these assets on the blockchain enables them to become liquid, tradable, and usable as collateral in Decentralized Finance (DeFi) applications. Lumia's Key Features: ➪ Regulatory Compliance : Lumia ensures that all tokenized assets are legally backed by securing necessary licenses in key jurisdictions. ➪ Bailment Agreement: A robust legal framework guarantees that assets remain with trusted custodians while being represented digitally. ➪ Lumia Stream: A liquidity aggregator that connects Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) for seamless trading. ➪ KYC on Blockchain: Integrated PrivadoID enables secure identity verification without exposing personal data. Unlocking New Opportunities: Lumia is bridging the gap between traditional finance and DeFi, unlocking new investment opportunities and providing global accessibility. This innovative platform is poised to revolutionize the way we interact with real-world assets. To understand this very well watch this amazing video made by @DeFiPlayHub this amazing video unleash the inner secret behind Lumia

The Chief Captain

31,187 Aufrufe • vor 1 Jahr

📢 Exciting Partnership Announcement 📢 We're ecstatic to annouce our latest partnership with Lumia! 🚀 Why This Partnership Matters: Integration of real-world assets (RWAs) is the next frontier. Lumia, as the first next-gen blockchain covering the full RWA lifecycle - from tokenization to DeFi connectivity - aligns with our Cobox vision to unite digital and physical realms in a player-owned immersive universe. What's in Store for You? 🤔 🔹 Bridging Digital and Real Assets 🔹 Smoother liquidity and trading of assets 🔹 Innovative Gameplay and Experiences By teaming up with Lumia, Cobox is redefining what ownership in the avatar world can mean. We're making your virtual experiences more tangible and economically vibrant. Join us as we merge the digital and physical worlds for a truly interconnected future! 🤝 #Cobox #Lumia

COBOX

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You’re not going to believe this one. Seattle is building these two nearly identical residential towers downtown, and they decided to hang a retired Boeing 747 fuselage right between them. The towers are mostly apartments, but that airplane section is actually going to be used as office and commercial space. Some people are already calling them the twin towers because they look so matching. It’s such a crazy architectural choice. It’s meant to be a tribute to Boeing, since the company was founded right there in Seattle. The fuselage is being used to physically connect the two towers as part of an indoor walkway between them. It really makes you wonder what the design team was thinking when they came up with this idea… and somehow got it approved. Would you want to live in one of the towers?

You’re not going to believe this one. Seattle is building these two nearly identical residential towers downtown, and they decided to hang a retired Boeing 747 fuselage right between them. The towers are mostly apartments, but that airplane section is actually going to be used as office and commercial space. Some people are already calling them the twin towers because they look so matching. It’s such a crazy architectural choice. It’s meant to be a tribute to Boeing, since the company was founded right there in Seattle. The fuselage is being used to physically connect the two towers as part of an indoor walkway between them. It really makes you wonder what the design team was thinking when they came up with this idea… and somehow got it approved. Would you want to live in one of the towers?

End3of6Days9 (Helen) 🇺🇸

93,081 Aufrufe • vor 4 Monaten

2024 has been a year of building for what’s to come in the near future! We are proud of what the DeLorean brand has accomplished with its bold entrance into the world of Web3. We are grateful for the support we have received from so many amazing communities who have truly embraced us. We are just getting started as 2025 will be the year of many firsts as DeLorean looks to make historic moves in both Web3 and the automotive industry. A 👀 at 2024✨ ✅ Partnership with Sui as DeLorean Labs Official blockchain partner ✅ Announced the launch of the Official token ($DMC) of the iconic DeLorean Motor Company ecosystem: First ever major car brand to launch a token ✅ Partnership with Republic for the DeLorean Community Pre-Sale: $DMC will be the first ever token to be launched on the Sui Launch Pad ✅ Strategic partnership with Shib ✅ Successfully minted 8800 Time Capsules Total mint was sold out in less than 30 minutes Over 1M mint attempts *Shut down servers twice from traffic overloads ✅ Successfully produced and released the viral DeLorean Time Capsule commercial starring the legendary Doc himself Christopher Lloyd . The video has garnered over 20M views across all platforms with over 100,000 Likes and Comments ✅ Partnership with MoonPay 🟣 Otherlife for the development of the worlds first Web3 automotive Reservation System & Marketplace set to be released in Q1 2025 ✅ Partnership with Karate Combat: the worlds first Web3 professional combat sports league ✅ Featured in 2024 Bud Light top Super Bowl LVIII commercial ✅ Partnership with Animoca Brands Motorverse where the first interoperable DeLoreans will be playable in top Web3 racing gaming titles in 2025 Happy New Year✨ #WenDeLorean

DeLorean Labs

173,230 Aufrufe • vor 1 Jahr

Friends, as part of our partnership with Sun Hills Development — where Khabib Gym will become an integral part of the project’s infrastructure — we are launching in one of the most valuable locations in Phuket, a hub of international demand and strong investment potential. The concept will be integrated across two key residential developments, Layan and Lakeside, creating a unified premium sports ecosystem. Khabib Gym will become a new destination on the island, offering combat sports, functional training, and world-class coaching. I will personally visit regularly for training camps and masterclasses. Working at scale. Building for the long term. SUN HILLS DEVELOPMENT

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khabib nurmagomedov

194,452 Aufrufe • vor 7 Monaten

Mohammed bin Rashid: We are pleased to announce the largest transportation project in Dubai: a new 42-kilometre metro line. It will pass through 15 key strategic areas across the city, serve approximately 1.5 million residents, and strengthen connectivity to 55 major real estate developments currently under construction. The Gold Line project will cost AED 34 billion. It will increase the length of the Dubai Metro network by 35%, and is scheduled for completion on 9/9/2032. Our landmark projects to position Dubai as the world’s best city to live in are on track. Our future endeavours will not stop; rather, they will accelerate. Our plan is to build a better future for millions of people. We stand by our words and deliver on them.

Mohammed bin Rashid: We are pleased to announce the largest transportation project in Dubai: a new 42-kilometre metro line. It will pass through 15 key strategic areas across the city, serve approximately 1.5 million residents, and strengthen connectivity to 55 major real estate developments currently under construction. The Gold Line project will cost AED 34 billion. It will increase the length of the Dubai Metro network by 35%, and is scheduled for completion on 9/9/2032. Our landmark projects to position Dubai as the world’s best city to live in are on track. Our future endeavours will not stop; rather, they will accelerate. Our plan is to build a better future for millions of people. We stand by our words and deliver on them.

Dubai Media Office

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Lumia was featured as a leading project of 2024 ✨ In the last Polygon | POL livestream, our Chief Blockchain Architect, Deniz, had an insightful talk about the features we bring to the table. "In terms of 2025 it's going to be a really exciting year for us. We're going to bring a lot of assets on-chain, and I can say this with a lot of confidence because we have many agreements in place. So, from the end of January, you'll start seeing the news coming out." Check it out👇

Lumia was featured as a leading project of 2024 ✨ In the last Polygon | POL livestream, our Chief Blockchain Architect, Deniz, had an insightful talk about the features we bring to the table. "In terms of 2025 it's going to be a really exciting year for us. We're going to bring a lot of assets on-chain, and I can say this with a lot of confidence because we have many agreements in place. So, from the end of January, you'll start seeing the news coming out." Check it out👇

Lumia

45,642 Aufrufe • vor 1 Jahr

We are pleased to announce the largest transportation project in Dubai: a new 42-kilometre metro line. It will pass through 15 key strategic areas across the city, serve approximately 1.5 million residents, and strengthen connectivity to 55 major real estate developments currently under construction. The Gold Line project will cost AED 34 billion. It will increase the length of the Dubai Metro network by 35%, and is scheduled for completion on 9/9/2032. Our landmark projects to position Dubai as the world’s best city to live in are on track. Our future endeavours will not stop; rather, they will accelerate. Our plan is to build a better future for millions of people. We stand by our words and deliver on them.

We are pleased to announce the largest transportation project in Dubai: a new 42-kilometre metro line. It will pass through 15 key strategic areas across the city, serve approximately 1.5 million residents, and strengthen connectivity to 55 major real estate developments currently under construction. The Gold Line project will cost AED 34 billion. It will increase the length of the Dubai Metro network by 35%, and is scheduled for completion on 9/9/2032. Our landmark projects to position Dubai as the world’s best city to live in are on track. Our future endeavours will not stop; rather, they will accelerate. Our plan is to build a better future for millions of people. We stand by our words and deliver on them.

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355,951 Aufrufe • vor 5 Monaten

Ooof...Mark Carney roasting Pierre Poilievre: "Mr. Speaker, I'd like to take this opportunity to congratulate the leader of the opposition on his 20th anniversary in the House of Commons. I've been here for a little more than a year. We passed build the Build Canada Act for major projects, and we are putting in front of this House the Build Canada Strong Act so that all projects in this country; one project, one review, one year. They will have an opportunity to join us, and he will have an opportunity to build something for the first time in two decades!"

Ooof...Mark Carney roasting Pierre Poilievre: "Mr. Speaker, I'd like to take this opportunity to congratulate the leader of the opposition on his 20th anniversary in the House of Commons. I've been here for a little more than a year. We passed build the Build Canada Act for major projects, and we are putting in front of this House the Build Canada Strong Act so that all projects in this country; one project, one review, one year. They will have an opportunity to join us, and he will have an opportunity to build something for the first time in two decades!"

Kirk Lubimov

175,699 Aufrufe • vor 6 Tagen

You thought Club Med was a massive project for the North Coast of KwaZulu-Natal, but have you heard about the R50 billion city being developed?!😱 Zimbali, as we know it, is about to transform into a luxurious city on the coast. Developed by IFA Hotels & Resorts (IFAHR), they will now build the Zimbali Marina and The Zimbali Country Estate with over 1000 residential units, located across the N2 from Zimbali Lakes. Over the past two decades, R30 billion has already been invested in Zimbali Coastal Resort and Zimbali Lakes Resort (under construction). Zimbali Lakes includes the Ernie Els Signature Course, which opened in April 2025. The above, paired with the newest phases (Zimbali Marina and Zimbali Country Estate), brings this project’s total development cost to R50 billion. It’s all giving Dubai vibes, but I am here for it. It’s great to see the North magnetising so much future investment. I am hoping that this actually ends up happening… And that Club Med will be a catalyst for more resorts to set up shop in this area as well. There are many neighbouring land parcels here that are undeveloped and brimming with potential. The weather here is excellent year-round, and Cape Town has become expensive. The Mother City could do with some coastal competition in the real estate market. The Zimbali Marina project will boost tourism and fishing/commercial activities, while providing world-class residential units. The Zimbali Country Estate will launch next year. What do you think of this Marina development for KZN?

You thought Club Med was a massive project for the North Coast of KwaZulu-Natal, but have you heard about the R50 billion city being developed?!😱 Zimbali, as we know it, is about to transform into a luxurious city on the coast. Developed by IFA Hotels & Resorts (IFAHR), they will now build the Zimbali Marina and The Zimbali Country Estate with over 1000 residential units, located across the N2 from Zimbali Lakes. Over the past two decades, R30 billion has already been invested in Zimbali Coastal Resort and Zimbali Lakes Resort (under construction). Zimbali Lakes includes the Ernie Els Signature Course, which opened in April 2025. The above, paired with the newest phases (Zimbali Marina and Zimbali Country Estate), brings this project’s total development cost to R50 billion. It’s all giving Dubai vibes, but I am here for it. It’s great to see the North magnetising so much future investment. I am hoping that this actually ends up happening… And that Club Med will be a catalyst for more resorts to set up shop in this area as well. There are many neighbouring land parcels here that are undeveloped and brimming with potential. The weather here is excellent year-round, and Cape Town has become expensive. The Mother City could do with some coastal competition in the real estate market. The Zimbali Marina project will boost tourism and fishing/commercial activities, while providing world-class residential units. The Zimbali Country Estate will launch next year. What do you think of this Marina development for KZN?

Ash Müller

544,645 Aufrufe • vor 9 Monaten

Today, we approved the designs for the new passenger terminals at Al Maktoum International Airport, and commencing construction of the building at a cost of AED 128 billion as part of Dubai Aviation Corporation's strategy. Al Maktoum International Airport will enjoy the world's largest capacity, reaching up to 260 million passengers. It will be five times the size of the current Dubai International Airport, and all operations at Dubai International Airport will be transferred to it in the coming years. The airport will accommodate 400 aircraft gates and feature five parallel runways. New aviation technologies will be employed for the first time in the aviation sector. As we build an entire city around the airport in Dubai South, demand for housing for a million people will follow. It will host the world's leading companies in the logistics and air transport sectors. We are building a new project for future generations, ensuring continuous and stable development for our children and their children in turn. Dubai will be the world's airport, its port, its urban hub, and its new global center.

Today, we approved the designs for the new passenger terminals at Al Maktoum International Airport, and commencing construction of the building at a cost of AED 128 billion as part of Dubai Aviation Corporation's strategy. Al Maktoum International Airport will enjoy the world's largest capacity, reaching up to 260 million passengers. It will be five times the size of the current Dubai International Airport, and all operations at Dubai International Airport will be transferred to it in the coming years. The airport will accommodate 400 aircraft gates and feature five parallel runways. New aviation technologies will be employed for the first time in the aviation sector. As we build an entire city around the airport in Dubai South, demand for housing for a million people will follow. It will host the world's leading companies in the logistics and air transport sectors. We are building a new project for future generations, ensuring continuous and stable development for our children and their children in turn. Dubai will be the world's airport, its port, its urban hub, and its new global center.

HH Sheikh Mohammed

1,465,034 Aufrufe • vor 2 Jahren

Today in Ivano-Frankivsk, the final stage of selection for the national Tysiachovesna initiative is taking place. A total of 1,227 projects made it to the final. That is an amazing number. And this number proves that all of our Ukrainian art can become an even greater force. The results of the first Tysiachovesna will now be extremely important: which projects will be created with state support, how they will be received by Ukrainian viewers, listeners, and all our people – the people Tysiachovesna is for. Will Ukrainians in general be interested in this? Will this become a strong voice for Ukraine in the world? This is very important to us, especially in wartime. I believe we will succeed. And exactly one year from now, we will not only be summing up the dry statistics of the first Tysiachovesna through projects that have already been brought to life – we will be talking about the triumphs of our cinema, animation, theater, music, and all of our Ukrainian art, which is here to stay. To be successful, high-quality, and popular among all Ukrainians. This is an important goal for which Tysiachovesna was launched and which it will continue to pursue in the years ahead.

Today in Ivano-Frankivsk, the final stage of selection for the national Tysiachovesna initiative is taking place. A total of 1,227 projects made it to the final. That is an amazing number. And this number proves that all of our Ukrainian art can become an even greater force. The results of the first Tysiachovesna will now be extremely important: which projects will be created with state support, how they will be received by Ukrainian viewers, listeners, and all our people – the people Tysiachovesna is for. Will Ukrainians in general be interested in this? Will this become a strong voice for Ukraine in the world? This is very important to us, especially in wartime. I believe we will succeed. And exactly one year from now, we will not only be summing up the dry statistics of the first Tysiachovesna through projects that have already been brought to life – we will be talking about the triumphs of our cinema, animation, theater, music, and all of our Ukrainian art, which is here to stay. To be successful, high-quality, and popular among all Ukrainians. This is an important goal for which Tysiachovesna was launched and which it will continue to pursue in the years ahead.

Volodymyr Zelenskyy / Володимир Зеленський

287,432 Aufrufe • vor 1 Monat

This man is right over the target🎯 they have only uncovered the first layer of fraud, this will not only be in the blue states, it will prove to be nationwide, it will most likely be more pervasive in the blue states for obvious reasons, but this is going to touch every corner of this country and the federal government is not blameless in all of this, lack of oversight at the federal level has given the all clear for these bad actors to run rampant with the theft of taxpayer dollars. Trump can roll all of this back and fix every bit of it but the instant a democrat assumes the office of the presidency it will all be reinstituted instantly, so the question is : how do we fix it ?

This man is right over the target🎯 they have only uncovered the first layer of fraud, this will not only be in the blue states, it will prove to be nationwide, it will most likely be more pervasive in the blue states for obvious reasons, but this is going to touch every corner of this country and the federal government is not blameless in all of this, lack of oversight at the federal level has given the all clear for these bad actors to run rampant with the theft of taxpayer dollars. Trump can roll all of this back and fix every bit of it but the instant a democrat assumes the office of the presidency it will all be reinstituted instantly, so the question is : how do we fix it ?

𝓜𝓐𝓖𝓐 𝕏 𝓣𝓘𝓜𝓔𝓢 𝓓𝓐𝓘𝓛𝓨 𝓝𝓔𝓦𝓢🇺🇸

53,744 Aufrufe • vor 8 Monaten

Why BlackRock CEO Larry Fink calls Ethereum "The Toll Road to Tokenization" "What he meant by that is assets will be tokenized, people will transact, and then each of those transactions will pay a fee to the Ethereum network. Part of that fee will be burned and decrease the supply of ETH. The other part will be paid to stakers. So it's kind of like a toll road for anyone who wants to transact with tokenized assets." "The first example of product/market fit with tokenization was stablecoins. There are a lot of reasons why a tokenized dollar is better than one on fiat rails. But the big things are accessibility -- it gives people around the world who don't have access to the US financial system access to dollars -- and reducing the friction of settling those transactions. If you've had to send a wire or ACH transfer, it takes days. Stablecoins settle instantly, so it's way more efficient. You've even heard Jamie Dimon come around to the advantages of stablecoins." "Stablecoins are really just tokenized dollars, and then that's going to happen with almost every asset class. Stocks will be next. People are talking a bout tokenizing art and real estate. The theme is 'the tokenization of everything.' And as all of these assets move on chain because more people can access them and the friction of transacting with them is reduced, trillions of dollars of assets will move on-chain... and Ethereum will be the global settlement layer for all of those transactions, and all of those transactions will generate a fee to ETH holders, which is why your ETH will compound."

Why BlackRock CEO Larry Fink calls Ethereum "The Toll Road to Tokenization" "What he meant by that is assets will be tokenized, people will transact, and then each of those transactions will pay a fee to the Ethereum network. Part of that fee will be burned and decrease the supply of ETH. The other part will be paid to stakers. So it's kind of like a toll road for anyone who wants to transact with tokenized assets." "The first example of product/market fit with tokenization was stablecoins. There are a lot of reasons why a tokenized dollar is better than one on fiat rails. But the big things are accessibility -- it gives people around the world who don't have access to the US financial system access to dollars -- and reducing the friction of settling those transactions. If you've had to send a wire or ACH transfer, it takes days. Stablecoins settle instantly, so it's way more efficient. You've even heard Jamie Dimon come around to the advantages of stablecoins." "Stablecoins are really just tokenized dollars, and then that's going to happen with almost every asset class. Stocks will be next. People are talking a bout tokenizing art and real estate. The theme is 'the tokenization of everything.' And as all of these assets move on chain because more people can access them and the friction of transacting with them is reduced, trillions of dollars of assets will move on-chain... and Ethereum will be the global settlement layer for all of those transactions, and all of those transactions will generate a fee to ETH holders, which is why your ETH will compound."

Etherealize

10,801 Aufrufe • vor 5 Monaten

Later today in Nairobi, we will be launching the construction of Twin Towers (22 floors each) buildings, a real estate investment by NSSF and Tanzania’s Ministry of Foreign Affairs in Upper Hill, the center of Nairobi, that will also house our embassy. We are honoured to be joined by Kenya’s Prime Cabinet Secretary and Foreign Minister, H.E Musalia W Mudavadi as our Chief Guest, Hon. Hon. Peninah Malonza, E.G.H, Cabinet Secretary for EAC, my cabinet colleague, Hon. Deo Ndejembi - Minister in the PMO, Members of Parliament, my MFA Tanzania colleagues and a leadership team from NSSF. The Tanzania Towers, containing residences and offices, and adding beauty to the Nairobi skyline, will not only earn the government much needed foreign currency but will also save government rental expenses for the chancery and embassy staff housing. We are delighted that NSSF management, investment committee and the whole board have found this investment profitable. The government of Tanzania owns about 101 buildings and plots around the world, most of them in prime areas in major capitals (in Lusaka alone, we own 11 buildings and plots). In the new strategy, which the government approved recently, we seek to use professional and world-class real estate entities to develop these assets to earn income for the government and uplift the quality of our embassies and embassy staff housing. At the moment, the government is spending about TZS 29 billions per annum as rental for embassy offices and embassy staff housing. In the new plan, the government will instead earn about TZS 36 billions per year from these investments. The first phase will be Nairobi, Kigali, Kinshasa, London, New York and Lusaka.

Later today in Nairobi, we will be launching the construction of Twin Towers (22 floors each) buildings, a real estate investment by NSSF and Tanzania’s Ministry of Foreign Affairs in Upper Hill, the center of Nairobi, that will also house our embassy. We are honoured to be joined by Kenya’s Prime Cabinet Secretary and Foreign Minister, H.E Musalia W Mudavadi as our Chief Guest, Hon. Hon. Peninah Malonza, E.G.H, Cabinet Secretary for EAC, my cabinet colleague, Hon. Deo Ndejembi - Minister in the PMO, Members of Parliament, my MFA Tanzania colleagues and a leadership team from NSSF. The Tanzania Towers, containing residences and offices, and adding beauty to the Nairobi skyline, will not only earn the government much needed foreign currency but will also save government rental expenses for the chancery and embassy staff housing. We are delighted that NSSF management, investment committee and the whole board have found this investment profitable. The government of Tanzania owns about 101 buildings and plots around the world, most of them in prime areas in major capitals (in Lusaka alone, we own 11 buildings and plots). In the new strategy, which the government approved recently, we seek to use professional and world-class real estate entities to develop these assets to earn income for the government and uplift the quality of our embassies and embassy staff housing. At the moment, the government is spending about TZS 29 billions per annum as rental for embassy offices and embassy staff housing. In the new plan, the government will instead earn about TZS 36 billions per year from these investments. The first phase will be Nairobi, Kigali, Kinshasa, London, New York and Lusaka.

January Makamba

288,864 Aufrufe • vor 2 Jahren