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FINANCIAL NEWS
Saudi company to invest USD100 m in tourist resort
25 Feb 2014
(MENAFN) The Best Choice Real Estate Development plans to invest USD100 million in a tourist property that is expected to offer fruitful investment opportunities for Saudi investors, according to Arab News.
The Riyadh-based real estate investment and development firm will develop a tourist resort in Vadinolhu Island, located in Laamu Atoll in the Maldives.
The project is expected to be completed in 2017.
The company will work on seven-hectare area of Vadinolhu Island as a five-star resort.
Mohamad Rabih Itani, CEO of Best Choice Real Estate, said: “The Maldives offers tremendous investment opportunities, especially in the hospitality sector, as it has rapidly emerged as a destination of choice for international tourists. Our aim is to develop Vadinolhu Island as a high-end resort with world-class facilities to promote it as a complete family destination.”
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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