(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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