The Edition
facebook icon twitter icon instagram icon linkedin icon


Resort development list amended

Mohamed Rehan
04 September 2023, MVT 23:00
Thaa atoll Ruhthibirah--
Mohamed Rehan
04 September 2023, MVT 23:00

The government has revised the bid opportunity for tourist resort development, now including Thaa atoll Ruhthibirah.

The ministry of tourism announced on Sunday, September 1, that Ruhthibirah, an island of 8 hectares, is available for interested investors with a minimum financial capacity of USD 2 million (MVR 31 million). The island's lowest acquisition cost is set at USD 875,000 (MVR 13.4 million).

Earlier on August 21, the ministry announced bidding for Haa Alifu atoll Medhufushi and Shaviyani atoll Nalandhoo for tourist resort development.

Bid Details

- Haa Alif atoll, Medhufushi: 120 tourist beds

- Shaviyani atoll, Nalandhoo: 200 tourist beds

- Thaa atoll, Ruhthibirah: 100 tourist beds

Both Medhufushi and Nalandhoo were opened for bids with a bid security of USD 50,000 (MVR 771,000), while 90 percent of the points will be allocated to the highest bidders.

While the tourist resort development list was amended, the ministry earlier in January announced a list of 14 islands for resort development out of which only two attracted investors.

Share this story

Related Stories