(MENAFN - The Peninsula) Qatari Diar Real Estate Investment Company is bringing its flair, expertise and creativity to Malaysia by embarking on the brand new development of a luxury beachside resort, located in the village of Chendering in the Sultanate of Terengganu.
The luxury spa and resort, managed by Mvenpick Hotels and Resorts, will consist of 210 rooms, 20 villas, 20 condominiums and nine luxury pavilions, in addition to swimming pools, conference facilities and development land across an impressive 180,420 square metres.
The exclusive development was launched at a stone-laying ceremony attended by Sultan Mizan Zainal Abidin of Terengganu, Datuk Seri Ahmad Said, Chief Minister of Terengganu and Tun Abdullah Ahmad Bawi, Malaysia's former Prime Minister.
Issa bin Mohammed Al Mannai, Ambassador of Qatar to Malaysia, Khaled Mohammed Al Sayed, Group Chief Executive Officer of Qatari Diar and a senior delegation from Qatari Diar attended the ceremony. Construction on the resort has commenced and is expected to open in early 2016.
Khaled Mohammed Al Sayed, Group Chief Executive Officer of Qatari Diar Real Estate Investment Company, said "I am delighted to be here in Chendering to officially launch our new and exciting project. We are especially honoured to be joined by H H Sultan Mizan Zainal Abidin of Terengganu. This is a beautiful area of Malaysia and we look forward to opening this luxury resort in conjunction with Mvenpick in 2016."