Istithmar Holding Company revealed the commencement of the implementation of its new project, which is the development of one of the most luxurious resorts in the world in the Maldives, with an investment of $343 million. Rosewood is one of the most important projects that will lead the growth in tourism investments for the next five years. The project is scheduled to open in the first quarter of 2025.
Rosewood Ranfaru Resort in the Maldives, to be developed by Royal Resorts, a subsidiary of Istithmar Holdings, is designed as an architectural masterpiece with 120 standalone beach and overwater villas, including 94 one-bedroom villas, 26 two-bedroom villas and 6 three-bedroom villas. bedrooms, 2 four-bedroom villas, and 5 luxury private islands.
This project represents an example of luxury and sophistication, as it will undoubtedly become one of the most desirable destinations for travelers looking for distinction from all over the world.
The resort center will host several world-renowned restaurants, a water park, a spa, a beach club, and many amenities that guarantee guests an unforgettable experience. Providing the highest standards of luxury, the Rosewood Resort Ranfaru in the Maldives will undoubtedly be one of the most important resorts in the world, and is set to provide guests with an unparalleled experience.
The Maldives has long been considered one of the best tourist destinations in the world, with high occupancy rates and average prices throughout the year. The rates of return on investment in tourism in the Maldives are among the highest in the world, making it an ideal location for investors seeking a high return on investment.
Istithmar Holding has a proven track record in the tourism sector in Qatar, including Oryx Island in Lusail, Maysan Resort in Aspire, and Katara Hills Resort in Katara. This latest investment in the Maldives is a testament to the company’s commitment to developing world-class tourism destinations.
Commenting on the investment, Mr. Moataz Al-Khayyat, Chairman of the Board of Directors of Istithmar Holding, said: “Investment opportunities in the Maldives are highly flexible, and the investment environment is encouraging and plays an active role in stimulating the global private sector to innovate a number of projects that enhance tourism and entertainment programs.” .
On his part, President of Rosewood Hotel Group, Mr. Rodha Arora said:" We are very pleased to cooperate with Istithmar Holding Company to launch a luxury resort with the highest luxury specifications, and the Rosewood Group is very excited to work on this project and put the Rosewood name in the Maldives. This project is part of our global plan to expand and create new architectural masterpieces and tourism experiences that are the first and best of their kind.”
Rosewood Maldives Resort is set to become the ultimate destination for luxury travelers, bringing together Rosewood’s unparalleled experience and expertise in operating more than 28 hotels in 16 countries around the world. Guests are sure to live a wonderful experience through the stunning architecture, stunning views and exceptional service that this resort will offer.
