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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.”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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