The Oberoi Group have signed a memorandum of understanding with the government of Maldives to build a luxury resort in Maldives.
The investment for acquisition and development of the resort will be undertaken by SCDCL, a Bangalore -based real estate development company.
Commenting on the partnership, Mr K.N. Balasubramanyam, chairman, SCDCL said: “A luxury resort in Maldives requires expertise in design and operations of world-class standards.
“The Oberoi Group, which is rated as the best luxury hotel brand in the world, is well suited for this development.
“We look forward to working with The Oberoi Group to create more of such luxurious offerings globally and would like to say that this extraordinary project will make a major contribution to our long-term partnership.”
The deal was signed in the presence of Moosa Zameer, minister of tourism, government of Maldives.
Zameer stated after signing the deal: “With growing demand of luxury hospitality services in Maldives , it is imperative to bring in the best in the industry and our partnership with The Oberoi Group will be a testament to this.”