COLOMBO: The Indian Ocean island of the Maldives plans to open 11 new islands to foreign investors to develop upmarket tourist resorts, an official said on Wednesday.

The new resorts, some to be built on reclaimed land, will add to the 33 resorts islands currently under development, the island’s Planning Ministry executive director Mohamed Shareef told by telephone.

“The government wants to build resorts on the outskirts of some of the highly populated islands, to bring tourism development closer to the local communities,” Shareef said.

Potential investors also win the right to 100 hectares of coral reef, from which they can reclaim up to 15 hectares for additional resort land.

Shareef said the concept aimed to create jobs for local communities, allowing them to commute daily to work. Expatriate workers from Asia and Europe currently take up over half of the jobs on each resort.

Tenders for the new “resort reef” islands are expected to be announced in the coming weeks, Shareef said.

In 2006, President Maumoon Abdul Gayoom’s government leased 35 islands to foreign and local investors for resort development. Only two of those are currently in operation.

The government is also building 10 new regional airports to compliment the booming resort development and allow locals to commute quickly between the chain of 1,192 islands.

About 700 kilometres southwest of Sri Lanka, Maldives is a magnet for upmarket tourists, where guests pay up to $14,500 a night to scuba dive and sleep in wooden cabins built over turquoise blue waters.

Tourism accounts for over a third of Maldives’ economy of just under a billion dollars.

It has enabled the nation of 369,000 people, mainly Muslims, to emerge as the richest in South Asia, with a per capita income of $3,400.—AFP

Opinion

Editorial

Taking cover
Updated 09 Jan, 2025

Taking cover

IT is unfortunate that, instead of taking ownership of important decisions, our officials usually seem keener to ...
A living hell
09 Jan, 2025

A living hell

WHAT Donald Trump does domestically when he enters the White House in just under two weeks is frankly the American...
A right denied
09 Jan, 2025

A right denied

DESPITE citizens possessing the constitutional and legal right to access it, federal ministries are failing to...
Closed doors
Updated 08 Jan, 2025

Closed doors

The nation’s fate has been decided through secret deals for too long, with the result that the citizenry has become increasingly alienated from the state.
Debt burden
08 Jan, 2025

Debt burden

THE federal government’s total debt stock soared by above 11pc year-over-year to Rs70.4tr at the end of November,...
GB power crisis
08 Jan, 2025

GB power crisis

MASS protests are not a novelty in Pakistan, and when the state refuses to listen through the available channels —...