P Mohamed Ali’s Mfar invested $150m for high-end resort in Maldives.

Mfar group of hotels present property• Le Meridien Kochi

The Westin Chennai

Mfar group of hotels Details

•  Mfar Constructions was established in India in 1996.

• The Mfar Group of Hotels, which has around 700 rooms altogether in India and Oman.

• The Le Meridien Kochi and International Convention Centre, The Westin Chennai are owned by Mfar. 

• Invested Rs 1500 crore more in Indian hospitality sector.

• Mfar is associate of Galfar group of companies.

• Both companies are owned by P Mohamed ali, the business tycoon of Oman and India.

• On the investment in Maldives, P Mohamed ali has been quoted by Times of Oman as: "We have appointed KPMG to conduct a study to understand the market and position the resort to cater to the growing and lucrative market. We just received the preliminary report," added P Mohamed Ali.

Le Meridien Kochi

News about Investment in Maldives

• Mfar is planning to construct a high-class resort in Maldives.

• Mfar have bought the land for 15 years in lease.

• The resort will be comprised of luxury villas, spas and with many other facilities.

• Total 300 rooms are to be constructed on two to three separate islands on land and as well as on the stilts in the island.

• Mfar has achieved a green flag of clearance from the environmental department of Maldives.

•  The project will soon be a reality for the tourists in Maldives.

• P Mohamed Ali on his new project: "We have just acquired an island measuring six hectares in land area, and we have the permission to reclaim land up to 30 hectares. We got the land on a 15-year lease from the government.“

• News source: http://www.mfar.com/news.html