Dubai's Emaar Hospitality Group has announced plans to develop a resort in AA. Madivaru.
Various news websites have reported that the resort will have 80 villas upon completion and will be opened in 2020.
Emaar Hospitality Group operates 11 hotels in Dubai, and have 29 hotel projects worldwide.
Finolhu Investment awarded the resort development project to the Dubai company after the government gave Madivaru to Finolhu Investment’s owner, Adam Abdul Gafoor.
Numerous companies from Dubai have been making investments in Maldives, especially in the tourism industry.