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Hithadhoo Tourism Zone is open for investors

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The Addu City Council has taken a significant step towards enhancing tourism facilities by opening the Eedhigali Tourism Zone in Hithadhoo, spanning an area of 21,007.39 square meters, for both local and international investment.

The council announced that the Eedhigali Tourism Zone will be available for leasing over a period of 50 years, with the opportunity to develop tourism-related facilities, particularly city hotels. To facilitate this initiative, the City Council has initiated a bidding process, which will remain open until March 21st. Bids submitted will be reviewed and accepted by the Addu City Council on April 21st at 10:00 hrs.

In parallel, the Ministry of Tourism officially launched the “Addu Asseyri Tourism Development Plan” last month, developed with the assistance of CDC consulting. This plan outlines strategies for enhancing tourism facilities in Addu City, aiming to create 600 beds and potentially generate 10,000 job opportunities.

Moreover, the plan emphasizes the expansion of economic activities alongside tourism development, contributing to overall economic growth in the region.

As part of the proposed plan, a cultural village and wellness center will be established in Addu City, with preserved zones optimized for tourism purposes. Additionally, the plan includes the establishment of a hospitality school and the resumption of services offered by Shangri-La’s Villingili resort.

Overall, these initiatives underscore the commitment of the Addu City Council and the Ministry of Tourism to promote tourism development and economic growth in Addu City, offering opportunities for investment and job creation while enhancing the visitor experience.

Source(s): 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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