Qatari Diar Real Estate Investment Company announced that it had reached terms with Tsogo Sun Holdings, a South African entertainment and hospitality group, to acquire a 50% stake in the MAIA Luxury Resort and Spa in Seychelles.
MAIA Luxury Resort and Spa, opened in September 2006, stretches 30 acres on the southwest coast of the island of Mahé, with Each of its 30 one bedroom villas having ocean views.
Launched in 2004, Qatari Diar is wholly-owned by the Qatar Investment Authority and currently has more than 35 real estate development projects active in more than 20 countries around the world. It is listed in the Middle East Investors Directory with the code BFD107.
See more details from the full release below
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