A global firm owned by billionaire Abhishek Verma, Olialia India has signed an MoU for building an international airport in the Maldives. The company has been sanctioned a huge lagoon by the Government of the Maldives for this purpose. Located far from the capital city Male, the designated water body was in much need of an international airport.

Sources have revealed that the planned airport is going to be named Olialia International Airport for a minimum period of 10 years. According to the reports by the Maldivian media, billionaire Abhishek Verma’s firm Olialia was invited by the island nation’s government for the construction of the airport by issuing a formal ‘invitation letter’.

Addressed to Anca Verma, the letter was reportedly signed by the Maldives’ Tourism Minister Moosa Zameer. For the uninitiated, wife of billionaire Abhishek Verma, Anca Verma is a former Miss Universe Romania. Presently, Anca Verma is working along her husband as the Chairperson of Olialia International Airport project.

As told by the company representatives, the airport will be built upon the ‘build, own and transfer’ model, which means that Olialia build and run the airport for 50 years, after which the operations and management would be handed over to the government of Maldives. As decreed by the model, the government is not liable for any finance, which means that Olialia would be the sole investor in the project.

An Olialia spokesperson has revealed that the company will hand over the airport to the Maldives government after developing and running it for a period of 50 years. The airport’s net worth is expected to rise to a whopping $6 billion by the said time. The airport project is also expected to generate approximately 5,000 employment opportunities for the people of Maldives.

The Chief Evangelist of Olialia Group, billionaire Abhishek Verma talked about his ambitious plan of entering the airlines business and related industries. He said, “We have forged business relationships with the leading global construction companies for the Maldives International Airport project. Apart from building a world-class airport, we are also aiming at bringing more tourists to Maldives through Olialia Airlines.”

Abhishek Verma-headed Olialia Airlines is being speculated to take off by July 2018. The airlines would offer direct flights to Maldives from various global locations like Lithuania, London and Germany. The proposed airport in the Maldives, as told by the company’s spokesperson, would also be developed into a regional hub for Maintenance and Repair Organization (MRO) for passenger jets in the Indian Ocean, catering to the airlines of the Indian subcontinent.

Abhishek Verma has predicted that the Olialia International Airport project would bring in hundreds of thousands tourists every year to the Maldives, besides contributing approximately $500 million in Maldives’ foreign investment.