The consortium, Kaitiaki Tagaloa, and the French Polynesian government have signed a protocol which allows for a 200-day period to finalise the contract to build part of the Tahitian Village resort complex.
Kaitiaki Tagaloa includes Kaitiaki Property, Iwi International and Samoa's Grey Group, which already owns and runs five high-end hotels in Tahiti, Moorea and Bora Bora.
The Tahitian Village project includes three-to five-star hotels and apartment complexes, totalling more than 1500 units.
About 2500 people are expected to be employed for the construction phase.
