![]() To make sure the tower lives up to that hefty investment, project leaders are out to deliver first-class luxury. ![]() ![]() In June, Tanzania President Hussein Mwinyi appealed to investors around the world to help fund infrastructure and tourism projects as part of a plan to revitalize growth over the next 30 years. Yet, this is no exorbitant waste of money-the project directly aligns with the government’s economic strategy. The project’s staggering US$1.3 billion budget represents 60 percent of Zanzibar’s annual budget and would rank as the most expensive single-standing building ever constructed on the continent. “What we intend to build is a destination that embodies a ‘live, work, play and celebrate’ environment,” said Cassia, managing director of xCassia, Dubai. Built on an artificial island in the Indian Ocean, the 20-hectare (49.4-acre) site near the capital city of Dar es Salaam aims to establish itself as a go-to hotspot for entertainment, culture and conferencing. The 70-story Zanzibar Domino Commercial Tower would rank as Sub-Saharan Africa’s tallest building, part of a massive complex being developed by Tanzania’s AiCL Group and Scotland’s Crowland Management. But the wow-worthy tower is also intended to trigger a turnaround of Zanzibar’s financial fates-helping revive tourism on the Tanzanian archipelago, which went from a high of nearly 540,000 visitors in 2019 to just 260,000 in 2020. From a design perspective, the building is meant to evoke the shape of stacked dominoes he played with as a kid. 21, 2021.Architect Jean-Paul Cassia sees his studio’s new spiral skyscraper project having a domino effect-both aesthetically and economically. It was trading at $317.61 as of mid-afternoon Tuesday, down from $564.33 on Dec. 23 that were weaker than expected, following a bump after its third-quarter report.ĭomino's shares are down nearly 44 percent from its COVID-19 pandemic peak set in late 2021. retail sales increased in 2022 from $8.64 billion in 2021, while international sales dipped from $9.137 billion.ĭomino's stock plunged to levels not seen since 2010 when it released its 2022 fourth-quarter and full-year earnings on Feb. With nearly 20,000 stores in 90 markets, Domino's last year had global retail sales of nearly $17.6 billion, including $8.75 billion in U.S. The number of new units is down from 1,204 in 2021, but nearly double the 624 that opened in 2020. Last year it added 1,032 new stores, including 906 international locations, 124 U.S. Revenue was reported as $4.54 billion, an increase of 4.13 percent from 2021.ĭomino's Pizza (NYSE: DMZ) continues to grow its footprint and revenue despite some recent challenges including delivery woes and softening demand. Weiner and Jordan saw salary bumps in 2022. The filing didn't indicate if the comped food orders included delivery and/or tips. Domino's Executive Chair David Brandon had $447 in pizza purchases as part of $353,919 in total compensation in 2022.Executive Vice President of International Operations Arthur D'Elia in 2022 earned $1.82 million, including $293 in pizza.Kelly Garcia, executive vice president and chief technology officer, received $2,090 worth of pizza as part of her $1.83 million in compensation received $2,090 in free pizza.Executive Vice President and CFO Sandeep Reddy earned $5.88 million in compensation, including a $1 million bonus and $2,165 in pizza. ![]() and global services, received $3,437 worth of pizza as part of his $3.368 million in compensation.
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