Ministry of Tourism has revealed bids had been submitted for 9 of the 18 islands that were opened for resort development last year.
Bidding for resort development in 18 islands across 10 atolls was opened during the investment forum held at the Expo 2020 in Dubai, UAE. The bidding period for the islands expired on March 23.
The tourism ministry revealed bids had been submitted for 9 of the 18 islands opened for resort development. This includes two islands each in Haa Alifu Atoll, Faafu Atoll and Gaafu Dhaalu Atoll, along with one island each in Meemu Atoll, Gaafu Dhaalu Atoll and Thaa Atoll.
The tourism ministry stated it had received better-than-expected acquisition costs for the islands. The ministry said evaluation of the bids will begin following the end of the bidding period.