Hulhumale

State Trading Organisation (STO) has stated that construction of the five-star hotel in Hulhumale’ will be completed by October next year.

Managing Director of STO Shahid Ali said that the foundation had been completed two weeks ago, and concrete work is now in progress:

“The foundation was completed two weeks ago; we hope to complete the hotel by October next year.”

He said that the purpose of building the hotel is for STO to enter into the tourism market.

“We are very satisfied with the progress of the work,” Shahid said.

The hotel will cost about $7.5m to build. It is being constructed by Amin Construction, and monitored by Carlson, an American group.