The Oberoi Group and Subramanya Construction & Development Company Limited (SCDCL) have signed a Memorandum of Understanding (MoU) with the Government of Maldives to build a luxury resort on the island. The MoU was signed in the presence of Moosa Zameer, the Honourable Minister of Tourism, Government of Maldives. The investment for acquisition and development of the resort will be undertaken by SCDCL, a Bangalore based Real Estate Development Company. P.R.S. Oberoi, Executive Chairman, The Oberoi Group, said, “We are extremely pleased to partner and assist SCDCL in the design and management of the proposed luxury resort. We look forward to bringing the Oberoi hospitality to Maldives. The resort will reflect the legendary Oberoi service delivered by an attentive and caring team, making it the preferred choice for luxury travellers.” K.N. Balasubramanyam, Chairman and MD, SCDCL said, “A luxury resort in Maldives requires expertise in design and operations of world class standards. The Oberoi Group, which is rated as the best luxury hotel brand in the world, is well suited for this development. We look forward to working with The Oberoi Group to create more of such luxurious offerings globally and would like to say that this extraordinary project will make a major contribution to our long term partnership”.