Olerai Golf Resort: Narok attracts Sh1.3bn honeypot

The Narok real estate market has attracted a Sh1.3 billion tourist golf resort aimed at high-spending business tourists visiting the Masai Mara Game Reserve.

Dubbed Olerai Golf Resort, the development by Olerai Ltd., a firm backed by a large-scale Narok farmer Tarquin Wood, will be set on 1,300 acres of land next to the game reserve.

The resort will comprise an 18-hole golf course, a lodge, 80 cottages (30 of which will be sold) and an airstrip.

In an interview with the Business Daily, Mr Wood said the development will offer visitors an alternative or an additional attraction to the Masai Mara.

“There is a big market for an alternative product for tourists; a golf resort will raise the Mara’s profile,” said Mr Wood.

Details of the project, which is waiting approval by NEMA, show that the target clientèle will be tourists seeking active holiday rather than the usual game viewing safari.

The construction of the golf resort will be funded by Olerai Ltd.

Though a new concept in the Kenyan property market, construction of luxury homes within tourist facilities is quickly picking up across the country’s major tourist destinations.

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