Hotels and Resorts Investments (HRIM) has partnered with Finland’s Meyer Floating Solutions to build floating villas in the Maldives.
The USD 200 million worth partnership aims to develop luxury-standard floating villas for the ultra-wealthy travelers.
Signing for the partnership between HRIM and Meyer Floating Solutions was held at Kurumba Maldives. The project involves development of 13 luxury-tier floating villas in Kaafu atoll Vilivaru.
Meyers Floating Solutions, the initiative’s partner is hailed as the largest developer of cruise lines worldwide.
Speaking about the new collaboration, HRIM Chairman Mohamed Ali Janah said that the European Investment Bank (EIB) has provided required funds for the development of the villas. He also expressed enthusiasm in introducing the new concept to the Maldives.
As part of the project, the first batch of 13 villas will be offered for sale at a price exceeding USD 20 million.
HRIM said that an exclusive event will be held to showcase and sell the villas to prospective buyers. Janah said that in countries like Dubai, similar villas are sold from USD45-60 million and upwards.
Speaking about the initiative was the director of Meyer Floating Solutions, Mikko Lahtonen who expressed confidence in the success of the project.