First integrated Maldivian resort seeks SL participation | Sunday Observer

First integrated Maldivian resort seeks SL participation

A Thai company, Singha Estate PLC recently launched a  large scale mixed development project in the Maldives. An artist’s impression of the project.
A Thai company, Singha Estate PLC recently launched a large scale mixed development project in the Maldives. An artist’s impression of the project.

A leading Thai investor Singha Estate PLC, which recently launched a large scale mixed development project in the Maldives wants to attract both investors and employees from Sri Lanka.

“We are very keen on attracting investors from Sri Lanka, those residing in Sri Lanka as well as expatriate Sri Lankans,” said Chief Investment Officer, Singha Estate Company Limited, Thiti Thongbenjamas,

“The proximity between the two countries is definitely an attraction, while it is very much an investment which will keep increasing in value as the Maldives is one of the world’s leading up market tourist destinations. Sri Lankans wishing to make the short trip to the Maldives could meet with us and explore investment opportunities on a one on one basis”, he said.

The ‘Crossroads’ development project would present exciting new career opportunities for Sri Lankans who are known for their proficiency in the hospitality industry, he added.

Singha, the Thai real estate developer is focusing on business expansion and investment via land purchases in high-potential locations and quality project development under the ‘Best in Class’ concept in tandem with investment, joint investment and management and administration of businesses or assets with high-growth potential.

The Maldives’ first integrated resort, a travel destination mega project in Emboodhoo Lagoon, titled ‘Crossroads’ is their latest venture.

An Investment Retail Opportunity event supported by the Maldivian government was held at the Malé National Art Gallery.

Several international investors as well as international retail stores attended the open house event for business and investment opportunities.

Situated just a 15-minute speedboat ride away from Velana International Airport (Malé International Airport) and 8 kilometres from Malé City and Hulhumalé Youth City, this Bill Bensley-designed ‘Township’ will bring together a rich combination of hotels, entertainment centres, retail stores and fine dining restaurants with unique offerings for both travellers and residents of Malé.

‘Crossroads’ is set to redefine the Maldives’ tourism experience and stimulate the country’s economy. The project is responding to the rapidly growing demand of the international family-leisure market, while embracing the ‘One Island, One Resort’ concept. Crossroads’ goal is to become a premier lifestyle developer by crafting quality settings for people to live, play, work, and shop.

Recent investments and business expansions have resulted in Singha Estate commanding assets under the operation of the company, its subsidiaries, and joint-venture companies in and outside of Thailand in three core areas, namely Commercial, Residential and Leisure /Hotel properties. The company is investing in a rich portfolio of hospitality businesses that includes two high-end luxury resorts in Thailand and 29 hotels in the United Kingdom, giving it a combined total of over 3,000 rooms. 


An artist’s impression of one of the projects

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