Known as Isla Moda, the project will include a fashion-themed resort, villas and shops.
The hotel will have about 250 rooms and serviced apartments. The first stage of the development will begin by the fourth quarter of 2008.
The project is the latest to be launched on The World. Local developer Aspire is planning to build a $3.4bn resort on 17 islands, and Kuwait’s Investment Dar is planning a $5bn development on the Australasian islands (MEED 12:10:07).
You might also like...
Partanna and Saudi firm tests carbon negative concrete
25 April 2024
Hassan Allam and Siemens confirm Hafeet Rail award
24 April 2024
UAE builds its downstream and chemical sectors
24 April 2024
Acwa Power eyes selective asset sales
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.