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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 in Maldives. The Memorandum of Understanding was signed in the presence of Mr. Moosa Zameer, the Honourable Minister of Tourism, Government of Maldives.
The investment for acquisition and development of the resort will be undertaken by Subramanya Construction & Development Company Limited (SCDCL) , a Bangalore based Real Estate Development Company.
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