Larger lagoons to be leased on real-estate basis to tourism

The Government has decided to lease the larger lagoons of the Maldives to the tourism on a real-estate basis.

In an interview with Sun Media tonight, Tourism Minister Moosa Zameer said that the decision to lease lagoons to the tourism sector on real-estate basis has been made and they working with the Economic Ministry on the relevant tasks.

Minister Zameer said that acquisition costs and other taxes would be taken from investors by the Government when leasing lagoons.

The Tourism Minister said that the lagoons would be leased not through public announcements but by choosing the best proposals for the lagoons.

After taking over as the Tourism Minister, Minister Zameer began special projects to improve the tourism sector. And so he has visited Singapore and met with investors and shared information about investment opportunities in the Maldives.

Minister Zameer has recently visited Addu City to explore developmental opportunities in the city. The Minister showed the island of Ismehelahere to investors interested in developing the island as a tourist resort and held discussions with them.