Ministry seeks developer for resorts at Kaashidhoo, Farumuli

Ministry of Tourism and Environment has once again announced that they are seeking a party to develop a resort at K. Kaashidhoo lagoon. 

The ministry announced that bids are opened for developing resorts at Kaashidhoo and N. Farumuli. 

Interested parties can submit bids at 10am on Monday, February 16, and the information session to be held virtually on March 3.

The projects involve reclaiming a 10-hectare island in Kaashidhoo lagoon and developing a resort there, and reclaiming an island no larger than 15 hectares with a 71.18 hectare area of the lagoon at Farumuli and developing a resort there. 

Deadline for submitting bids in 10am on April 1. 

Further information on the projects can be found on the ministry's website. 

The ministry has thrice previously announced that they were seeking developers for the Kaashidhoo lagoon resort project. 

To develop a resort there, a minimum land acquisition cost of USD 2.2 million (MVR 34 million) has to be submitted. 

The Farumuli project has also previously had announcements seeking developers. 

Developing a resort in Farumuli, bringing economic advancement opportunities to nearby Maafaru and the entire Noonu atoll is amongst President Dr Mohamed Muizzu's pledges. Last July, President Muizzu announced that Farumuli is removed from Maafaru's jurisdiction.