Tourism Minister Ibrahim Faisal has announced initiatives to open 63 resorts that have been awarded but remain uncommissioned. Speaking to state media, Faisal detailed two strategies approved by the Economic Council to expedite the development of these resorts, some of which have been undeveloped for up to 30 years.

Faisal explained that the first option allows for the unconditional release of the islands back to the state. This plan will enable tenants to settle any money owed to the state, thus clearing financial hurdles that may have delayed development. The second option provides support to investors who have partially developed their islands by offering necessary funds. This option also facilitates the sale of their investments to other interested parties, ensuring that ongoing projects can be completed efficiently.

These measures are part of a broader effort to introduce 2,600 new beds to the tourism industry this year. Minister Faisal highlighted the importance of these developments in achieving the government’s goal of attracting 2.3 million tourists in 2024.

The tourism sector is a crucial component of the Maldivian economy, and the swift development of these resorts is expected to significantly enhance the country’s appeal to international visitors.