EXIM BANK supports ‘SO/ Maldives’

Bangkok, EXIM BANK supports “SO/ Maldives” as a prototype integrated tourist destination that meets ESG needs and supports sustainable development. Participated in granting additional capital loans of 1,734 million baht.

Dr. Rak Worakijpokathorn, Managing Director Export-Import Bank of Thailand (EXIM BANK) along with EXIM BANK executives celebrated the official opening of the High-end Lifestyle Resort ‘SO/ Maldives’ in the project. Crossroads Maldives (CROSSROADS Maldives) is a joint venture between S Hotels and Resorts Public Company Limited and Wai Eco World Developer (WEWD), after receiving syndicated loan support from the bank. of China (Hong Kong) Company Limited, Bank of China (Thailand) Public Company Limited and EXIM BANK of Thailand under Dream Islands Development 3 Pvt. (DID3), total amount of 48.16 million US dollars or approximately 1,734 million baht at Maldives.

Financial support of EXIM BANK and its partners to the Crossroads Maldives project to encourage Thai entrepreneurs. that has the pot
ential to invest and develop world-class tourism and hotel business models by taking into account the environment, society and good corporate governance (Environmental, Social, and Governance: ESG) promotes the Blue Economy or economic development based on the sustainable use of marine and coastal resources. Sustainable development of marine resources for sustainable development (Life Below Water) of the United Nations

The Crossroads Maldives project is a complete tourist attraction for Thai entrepreneurs on a newly built island. Close to the international airport and Male, the Maldives consists of three leading resorts: Hard Rock Hotel Maldives, Saii Lagoon Maldives and SAii Lagoon Maldives. / Maldives (SO/ Maldives) including facilities (Integrated Tourism Complex) consisting of a beach club, marina, and businesses related to organizing conferences and exhibitions, for which EXIM BANK provides long-term loan support under Dream Islands. Development 2 Pvt. (DID2) and Dream Islands Development 3 Pvt. (DID3),
a subsidiary of S Hotels and Resorts Public Company Limited, in line with the strategy and goals of EXIM BANK towards becoming a Green Development Bank, driving development. Sustainability in the economic, social, and environmental dimensions of the world as a whole.

Source: Thai News Agency

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