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 destiation. 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
 Feb 9 2016 - Yemen's FM confirms that Yemeni legitimate authorities offer entering into meaningful dialogue with the rebels to end crisis in YemenSaudi Press Agency
(MENAFN - Saudi Press Agency) Yemeni Vice Prime Minister and Foreign Minister Abdulmalik Al-Makhlafi, stressed that the Yemeni legitimate authorities agree on any serious UN-sponsored dialogue with ...

 Feb 9 2016 - President Obama, Canada's Trudeau Discuss Efforts Against ISISSaudi Press Agency
(MENAFN - Saudi Press Agency) US President Barack Obama spoke by telephone Monday with Prime Minister Justin Trudeau of Canada to discuss Canadian contributions to the global coalition to counter ...

 Feb 9 2016 - Riyadh Region Governor to patronize 1st Festival for Productive Families of Disabled Persons tomorrowSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region and Prince Sultan bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National ...

 Feb 9 2016 - Comoros' Chief Justice visits King Fahd Complex for Printing Holy QuranSaudi Press Agency
(MENAFN - Saudi Press Agency) The Chief Justice of Federal Republic of Comoros, Dr. Mohamed Sayyid Othman and his accompanying delegation visited here yesterday King Fahd Complex for Printing the ...

 Feb 9 2016 - Saudi Grains Organization Director General Receives Zambian Agriculture MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Director General of Saudi Grains Organization Engineer Ahmed bin Abdulaziz Al-Faris received here today Zambian Minister of Agriculture Given Lubinda and his ...

 Feb 9 2016 - A medical delegation from South Korea organizes a medical day in Saudi Specialist Clinics at Zaatari camp, JordanSaudi Press Agency
(MENAFN - Saudi Press Agency) A South Korean medical delegation consisting of 32 doctors and assistants has organized a medical day in Saudi Specialist Clinics at Zaatari refugee camp to be briefed ...

 Feb 9 2016 - Custodian of the Two Holy Mosques receives former British Prime MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today former British Prime Minister Tony Blair.During the ...

 Feb 9 2016 - Syrian Siamese twins to be separated on SundaySaudi Press Agency
(MENAFN - Saudi Press Agency) The Syrian Siamese twins named (Toqa and Yaqeen) will undergo a separation operation at King Abdullah Specialist Children's Hospital at King Abdulaziz Medical City of ...

 Feb 9 2016 - Saudi- Shura Council Speaker receives an invitation to visit JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) The Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh received a message from the Speaker of Japanese Parliament Tadamori Oshima ...

 Feb 9 2016 - Saudi- Gabonese Consul General visits Islamic University in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Undersecretary of Islamic University in Madinah, Dr. Ahmed bin Abdullah Katib, received here today the Consul General of the Republic of Gabon, Abdulaziz Branly ...

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