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Universal Maldiv

Sector: Hotel • Location: Maldives

Source: International Finance Corporation (IFC)

Project
Completed

Universal Enterprises Pvt. Ltd (Universal or the company) is a company engaged in tourism in the Maldives. The company, its subsidiary and associates currently have eight exclusively designed island resorts (approximately 900 rooms) and are also involved in trading, project management, travel agencies and other miscellaneous businesses, primarily in support of the tourism sector. Universal is s

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The project “Universal Maldiv” is an infrastructure initiative in the Hotel sector, located in Maldives. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

completed

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Email

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Description

Description

Universal Enterprises Pvt. Ltd (Universal or the company) is a company engaged in tourism in the Maldives. The company, its subsidiary and associates currently have eight exclusively designed island resorts (approximately 900 rooms) and are also involved in trading, project management, travel agencies and other miscellaneous businesses, primarily in support of the tourism sector. Universal is seeking IFC investment under a Tsunami Tourism Loan Facility to finance the following: - rebuilding of 52 bungalows at the Full Moon Resort (156 rooms) damaged by the recent tsunami; - refinancing part of the loan for the Huvafen Fushi resort (42 rooms) that was completed in 2004; and other corporate purposes.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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