FAM Holding Secures Financing Agreement with Maldives Government

FAM Holdings signed a financing agreement with government of Maldives to secure Laamu Fonaogaidhoo for resort development in Maldives.

FAM Chairman Dr. Faisal Ali Mousa Al Naqbi signed the agreement with government of Maldives and met with Minister of Tourism Dr Abdulla Mausoom in Ministry of Tourism.

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FAM Holding P.S.C Group, announced the launching of “Al Mahra Maldives” Resort last month, its luxurious hotel residential project in the Maldives. The project, which will receive investments of about AED 800 million, is deemed one of the latest real estate development projects to be launched by the Group, and its first real estate expansion outside the UAE.