Lakhani Group has invested more than 70 million Euros in Portugal. This investment is for the construction of three hotels in the country. These hotels will be five-star hotels, built with lavish designs.
Investment Of More Than €70 Million
Portugal has allowed the Lakhani Group to invest more than 70 million Euros. This money will be utilized for the construction of 3 new hotels. These facilities will be built in Fátima, Loures, and Alentejo. The construction will start soon. The deal for these three hotels has been finalized. Lakhani Group has given a tentative date for the opening of these hotels in the year 2025.
Also Read: Portuguese Bar Associations Launch New Program For Lawyers To Resolve Immigrant Cases
The hotel in Alentejo is a four-star hotel that will accommodate 75 rooms for guests. This investment will be around 15 million Euros. This project is a result of the visit of Secretary of State for Tourism, Pedro Machado. Pedro had visited the area a while ago. He promised to solve the issue of electrical infrastructure in the region. This has caused some trouble and also delayed some work. The company instructed that this would be a new development in the area, causing more stability in the region.
Lakhani Group already has more projects in Portugal. The company is currently working on more than 20 projects in the same country. This company has an Indian background which works best in the development and management of the hotels. They also construct five-star hotels and also manage them. Their company has a big domain, and it deals with immigration and citizenship as well. They provide citizenship through the investment sector.
Portugal Benefits From This Investment
This company has a real estate value of more than 80 million Euros at the moment. They are further looking to invest more in other projects. The investment by the TLG Global (the Lakhani Group) will benefit Portugal much more than the people anticipate. Any association from this company will advertise the tourism industry in Portugal. There will be more people who are willing to visit the country during their vacation.
TLG Global will construct these new hotels by the year 2025. This will reinforce the position of Portugal. The image of the country will attract more foreign investment in the tourism sector. This will ultimately improve the local economy of the country. More investment in the country means that more jobs will be created in the region. This will bring more revenue and improve the Gross Domestic Process (GDP) in the region.
Read More About: The Government Of Portugal Have Closed Roads In Porto, Aveiro and Viseu Due To Fires
