Oberoi group to manage luxury resort in Maldives

Bengaluru-based real estate developer Subramanya Construction & Development Company Limited (SCDCL) and The Oberoi Group have signed a Memorandum of Understanding (MOU) with the Government of Maldives to build a luxury resort in Maldives. The MoU was signed recently in the presence of Moosa Zameer, Minister of Tourism, Government of Maldives "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," said K.N. Balasubramanyam, chairman and MD, SCDCL. "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," said Zameer. The investment for acquisition and development of the resort will be undertaken by SCDCL.