Maldives Travel Guide

Special Offers

This is Maldives Maldives Introduction
This is Maldives Location and Geography
This is Maldives History and Culture
This is Maldives Economy and Politics
This is Maldives Myth and Folklore

Maldives Visitor Guide

This is Maldives Travel Tips
This is Maldives Resorts and Hotels
This is Maldives Cruising in Maldives
This is Maldives Diving in Maldives
This is Maldives Surfing in Maldives
This is Maldives Attractions & Activities
This is Maldives Water Sports

Maldives Investor Guide

This is Maldives General Information
This is Maldives Regulations & Laws
This is Maldives Tourism Industry
This is Maldives Fishing Industry
This is Maldives Garment Industry
This is Maldives Transport & Aviation

Maldives Websites

This is Maldives Travel Agents
This is Maldives Dive Providers
This is Maldives Safari Boats
This is Maldives Maldives Government
This is Maldives Newspapers & portals
This is Maldives Companies
This is Maldives Maldives Timeshare
This is Maldives Maldives Directory

Images of Maldives

This is Maldives Capital Male'

Maldives News

Government of Maldives to terminate resort development conracts

The Maldives Ministry of Tourism, Arts & Culture has announced that it will terminate contract of 12 islands leased. Speaking at a press conference on 31 December 2009, Tourism Minister Dr Ahmed Ali Sawad said that the ministry was taking action because of the lack of progress in development of many islands.

Tourist Resort - Most tourist stay in exclusive resort islands.
Tourist Resort - Most tourist stay in exclusive resort islands.

Tourism Minister also mentioned that of the 64 islands leased for tourism development 12 islands have not even started development works. According to him discussions would be held next month on cancelling the agreements and seizing those islands.

He also said that although deadline for the opening had not reached there are many islands which have not begun the work while 23 islands had done some work.

Minister said that he is obtaining legal counsel on a course of action which the government can follow. Minister also highlighted that as a huge sum of money was received by the government as down payment, government has to make a position on the question of such funds as well.

The Minister floated the idea that those 12 islands would be leased to parties that are interested in going for joint venture companies with the government. He also said that before awarding the islands, a background check would also be made on the party to see if they actually has enough capital to develop resorts.

Many parties who were awarded islands have fall behind their development target dates that are specified on their contracts. As a result the government is loosing revenue as bed tax currently stands at US$8.00 per guest per night.

January 2010 / Source: Miadhu, Minivan News

» Back to main news page




Special Offers


Computer Translation
English German Spanish French Italian Portuguese Russian Greek Chinese
© 2011 This is - Site Map | Terms of Use | Privacy Policy | Contact us | Links