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Seven islands awarded to winning bidders for resort development

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Ministry of Tourism has awarded seven islands to its winning bidders for resort development.

The seven islands awarded were among the 18 islands that were opened for resort development last year at the Maldives Investment Forum held as part of the Expo 2020 in Dubai, UAE. Most of these islands had also been opened for resort development previously but had not received bids.

The newly awarded islands and its acquisition costs are:

  • Alidhuffarufinolhu, Haa Alifu Atoll – Lease acquisition cost of USD390,000 with another USD7,000 for Tourism Training Fund
  • Seedhihura, Meemu Atoll – Lease acquisition cost of USD1,599,999 with another USD120,000 for Tourism Training Fund
  • Embulufushi, Faafu Atoll – Lease acquisition cost of USD3,601,155 with another USD150,000 for Tourism Training Fund
  • Jinnathugau, Faafu Atoll – Lease acquisition cost of USD2,021,121 with another USD200,121 for Tourism Training Fund
  • Funadhoovilligilla, Gaafu Alifu Atoll – Lease acquisition cost of USD702,000 with another USD5,000 for Tourism Training Fund
  • Kan’dahalakala, Gaafu Dhaalu Atoll – Lease acquisition cost of USD2,800,000 with another USD150,000 for Tourism Training Fund
  • Fereythavilligilla, Gaafu Dhaalu Atoll – Lease acquisition cost of USD702,000 with another USD5,000 for Tourism Training Fund

The tourism ministry stated the winning bidders have been given a duration of 60 days to pay 50% of the proposed acquisition costs and conduct an initial environmental assessment.

 

Source: psmnews

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Maldivian regional fleet grows with fourth ATR arrival

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Maldivian, the national carrier of the island nation on Wednesday, announced the arrival of its newest addition to the fleet, a fourth ATR 42-600 aircraft.

The new aircraft added to the carrier landed at Velana International Airport some time on Wednesday.

In order to commemorate the milestone, a special ceremony was held at VIA which was attended by distinguished guests, officials and key partners.

The new aircraft, Maldivian added, will enhance the airline’s capacity to serve more routes and provide increased connectivity for both locals and tourists. Moreover, this fleet expansion also reflects Maldivian’s commitment to offering exceptional service and convenience to its passengers.

At Wednesday’s event to welcome the new ATR aircraft, Maldivian’s Managing Director Ibrahim Iyas emphasized the importance of the new aircraft in the company’s growth strategy.

“We have made great strides toward achieving both operational excellence and a greater passenger experience with the addition of this brand-new ATR aircraft to our fleet,” Iyas commented.

“This aircraft offers an unprecedented level of comfort thanks to improved interior humidity control and much lower noise levels. Modern avionics and exceptional fuel economy which further support our dedication to sustainability while maximizing performance throughout our expanding network.”

Maldivian fleet currently has 25 aircraft which include an Airbus A320 commercial carrier, four ATRs, nine Dash-8 series aircraft and eleven Twin Otter seaplanes.

Source(s): sun.mv

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Economic growth slowed down 4.7% in 2023.: MMA

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Maldives Monetary Authority (MMA) reports the economic growth slowed down 4.7% in 2023.

In its annual report, the central bank reported economic growth slowed owing to muddied performances in the tourism and construction industries.

While last year economic growth slowed 4.7%, it rose by 13.9% in 2022.

Tourism industry activity slipped last year because of the decline in the average duration of stay.

While tourism and construction industries, two of the major economic sectors, observed decline, other major sectors such as financial, fisheries, and private sector credit had gone up.

The Maldives government is taking corrective measures to rectify the economic growth, while President Dr. Mohamed Muizzu’s vision is to elevate the country’s national GDP to USD 12 billion, according to the Minister of Economic Development and Trade Mohamed Saeed.

Source(s): sun.mv

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TMA becomes first Asian operator to receive Havilland Certificate

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Trans Maldivian Airways (TMA), the world’s largest seaplane operator, receives De Havilland Canada’s endorsement certificate, making it the first operator in Asia to achieve the recognition.

At the official endorsement ceremony held last Sunday, De Havilland’s Chief Executive Officer Brian Chafe awarded the endorsement to TMA Chief Executive Officer A.U.M Fazy.

De Havilland owners Sherry Brideson and Robert McDonald, along with senior representatives of the Canada’s aerospace company and TMA officiated the ceremony.

TMA Chief Fauzy had thanked De Havilland’s continued support with its Twin Otters, elevating the operator’s success.

De Havilland CEO highlighted TMA’s success of completing two million flight cycles, which he added is unprecedented anywhere else.

The Canadian aerospace company affirmed continued support to TMA in future as well.

Source(s): sun.mv

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