2 August 2013
Indian firm, Mfar Hotels & Resorts, is planning to develop a high-end resort in Maldives with a planned investment of $150 million.
Speaking to the Times of Oman, owner P Mohammed Ali said: "We have just acquired an island measuring six hectares in land area, and we have the permission to reclaim land up to 30 hectares. We got the land on a 15-year lease from the government."
Mfar Hotels & Resorts has acquired an island and is planning to develop a high-end resort (Nevit Dilmen/Wikimedia)
The company has received permission to construct approximately 300 rooms on two to three separate islands.
Presently, Mfar Hotels & Resorts has approximately 700 rooms in hotels in India and Oman.
Source: Times of Oman