Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Best Choice develops Vadinolhu Island as next tourist destination in Maldives   Join our daily free Newsletter

MENAFN Press - 24/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Best Choice Real Estate Development, a newly established Saudi Arabian real estate investment and development firm based in Riyadh, has announced that it is developing USD 100 million Vadinolhu Island located in Laamu Atoll in the Maldives to be ready in 2017 as a premier resort. Aside from developing the isle as a tourist destination, the international developer plans to offer lucrative investment opportunities to investors.







Best Choice plans to develop Vadinolhu Island's 7-hectare area as an eco-friendly five-star resort based on the Maldivian 'Resort Island' concept. The premium resort will feature 100 beach villas, including water bungalows and luxury suites and will offer world-class dining services, wellness facilities, and leisure activities. The site is being developed as a perfect getaway for tourists while offering significant returns on investment to financiers







Mohamad Rabih Itani, CEO of Best Choice Real Estate “ Investment Company, 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. We have already designed a business proposal targeting potential investors to collaborate with us in the operation and management of the resort. We are confident of achieving an operating profit in the second year with the cash payback period at six years.







The Maldives is one of the most recent investment destinations in South Asia; its tourist rate has been on the rise since 2012 and is expected to comprise of 1.2 million visitors by the end of 2014. Its exotic beauty, panoramic view and clear waters have made it the most popular tourist address in the past few years. Due to its investment-friendly policies, the South East Asian Island offers attractive opportunities to keen investors “ especially those into resort management. Vadinolhu Island is an unexplored isle in close proximity to the domestic airport and offers immense potential for investors with assured return on investment







Best Choice is emerging as a property solutions provider of choice via its strategic mix of high-end developments, market research, and professional staff. Its CEO, Mohamad Rabih Itani, was honored with a Golden Globe Tigers Award for being one of Asia's '50 Most Talented Chief Marketing Officers' at the 2013 World Marketing Summit held in Kuala Lumpur, Malaysia.



About Vadinolhu Island
Vadinolhu Island

 


MENAFN Press




  MENA News Headlines
 Jul 7 2015 - Kuwait- Jazeera Airways Reports May PerformanceArab Times
(MENAFN - Arab Times) Jazeera Airways today released its May 2015 Operational Performance Report, which showed an 11% increase in total flown passengers from May 2014. The 11% increase of flown ...

 Jul 7 2015 - Gulf Markets Weak On Greece, Oil Egypt TumblesArab Times
(MENAFN - Arab Times) Egypt's stock market tumbled on Monday, breaking major technical support, as leading property firm Emaar Misr plunged following its listing on Sunday. Most Gulf markets fell ...

 Jul 7 2015 - Saudi, Kuwait Trend Lower During MonthArab Times
(MENAFN - Arab Times) GCC markets saw mixed performance during June-15 with Saudi Arabia and Kuwait witnessing a downward trend since the beginning of the month whereas the rest of the markets ended ...

 Jul 7 2015 - Kuwait's Consumer Price Index Inches Down Food Inflation UpArab Times
(MENAFN - Arab Times) Inflation in the consumer price index (CPI) inched down from 3.4% year-on-year (y/y) in April to 3.3% y/y in May,(Chart 1)amid a slowdown or stabilization across all components, ...

 Jul 7 2015 - KSE Sheds 22.93 Pts Amid Swell In VolumeArab Times
(MENAFN - Arab Times) Kuwait stocks pulled lower on Monday after eking a modest rebound in the last session. The price index pared steeper early losses to close 22.93 pts down at 6,167.4 ...

 Jul 7 2015 - Kuwait- MP Queries Power OutageArab Times
(MENAFN - Arab Times) The National Assembly members will closely monitor the steps that the government will take to cover the State budget deficit, says MP Jamal Al-Omar.According to the lawmaker, he ...

 Jul 7 2015 - Kuwait- MP Presents 'Query' To Minister Issa Regarding Fake CertificatesArab Times
(MENAFN - Arab Times) MP Kamel Al- Awadhi has presented a query to the Minister of Education and Higher Education Dr Bader Al-Issa regarding news item published by New York Times recently which said ...

 Jul 7 2015 - Authorities Flesh Out Details Of Mosque AttackArab Times
(MENAFN - Arab Times) Security authorities in Kuwait have revealed further details about the recent terrorist attack on Imam Al-Sadiq Mosque from the time the Saudi suicide bomber Fahad Al-Qaba'a ...

 Jul 7 2015 - Kuwait- Imams Asked To Explain Danger Of Spreading Rumors To WorshippersArab Times
(MENAFN - Arab Times) Assistant Undersecretary for Mosques Sector at the Ministry of Awqaf and Islamic Affairs Waleed Al-Shuabi has asked the Imams to explain the danger of spreading rumors without ...

 Jul 7 2015 - Kuwait- 'New Medicine For Hepatitis C Found To Be 100 Pc Effective'Arab Times
(MENAFN - Arab Times) The Ministry of Health recently approved the registration of Daclatasvir € a new medication for Hepatitis C, reports Al-Qabas daily quoting sources. Sources confirmed the ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help