Outrigger Enterprises Group announced it has entered into an agreement with Micronesia Investment and Development Corporation (MIDCORP) and Agora Development Group (ADG) to manage a new luxury resort project to be built on the island of Koror in the Republic of Palau.
The resort, to be called the Outrigger Palau Resort, Spa and Hotel, will be built on a beachfront site near Echang village. The US$40 million resort is tentatively set for completion in late 2009 and will consist of 100 luxury hotel rooms, 10 over-water bungalows and 50 villas/condominiums, in addition to several restaurants, retail shops, spa and function space.
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