Tue, 26 Nov 2024

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DHIVEHI

Tourism sector expands with local investors at the helm

24 Nov 2024

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Juman Anwar

Photo: Amilla Maldives

The Maldivian Government has allocated 11 islands for resort development as part of a major initiative to expand the country’s tourism industry. Minister of Tourism Ibrahim Faisal announced the plans during a recent programme aired on PSM News, highlighting the increasing role of local investors in driving this transformation.

Minister Faisal revealed that the total investment across the 11 awarded islands amounts to approximately USD 385 million, with several awardees having already completed their payments. Of the 25 islands designated for tourism development to date, these 11 represent a significant step towards realising the Government’s broader vision of nationwide tourism growth. The minister expressed pride in the fact that the majority of the investors are Maldivian, emphasising the growing local ownership within the sector.

While the Maldives has enjoyed a thriving tourism industry for 53 years, Minister Faisal noted that its expansion has yet to reach all parts of the country. To address this, the Government is preparing detailed master plans for each atoll, supported by tailored marketing strategies aimed at promoting tourism in underdeveloped regions.

Minister Faisal said the initiative would lead to the addition of 4,000 to 6,000 new beds across local resorts and guesthouses. He also highlighted the accompanying infrastructure developments, including airport projects, which are expected to generate significant employment opportunities for the country’s youth.

One such key project is the expansion of Hanimaadhoo International Airport, which is set to play a vital role in boosting tourism in the northern atolls. The enhanced airport capacity will allow for greater connectivity and is expected to substantially increase tourist arrivals to the region.

The Government is also accelerating efforts to market the Maldives as a premier global destination, with particular focus on regions that have historically seen less investment. These initiatives are expected to bring new economic opportunities to local communities while enhancing the Maldives’ position as a world-leading tourism hub.

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