Sri Lankan firm Malwatte Valley Plantations has announced its intention to invest US$26 million in a resort in the Maldives, consisting of 70 villas.
The company told the Colombo Stock Exchange that the project would begin in September and be completed in two years. The new property would be managed by the Hilton chain, following the signing of a Memorandum of Understanding (MoU).
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Dud Maldivians, can you all see how big brothers Lankan are using their stock exchange to rise up funds to build resorts.
Wake up you sleepy Maldivians.