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Mon 3 Feb 2014 04:51 PM

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Qatar's Retaj said to plan Maldives projects

Retaj Marketing and Project Management to sign deal to build hotels, shopping mall and hotel apartments

Qatar's Retaj said to plan Maldives projects
(Photo for illustrative purposes only)

Qatar-based Retaj Marketing and Project Management is to sign an agreement to construct hotels, a shopping mall and hotel apartments in the Maldives, it has been reported.

The Doha-based firm has been in negotiations with the Maldives government for nearly 18 months, as part of the company's overseas investment strategy, said Mohammed bin Jawhar, deputy chairman.

"We have reached the final stages of negotiations and will soon sign a final agreement for the projects," he was quoted as saying by Qatar paper Sharq.

He said the project has been in agreement for some time but has held up by elections and other issues in Maldives.

The value of the projects has not yet been revealed.

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