President Ibrahim Mohamed Solih has stated that Shangri-La resort in Addu City will be opened in August or September. He made the statement at the ceremony held in Addu to conclude his primary election campaign.
Speaking at the event, President Solih said the government has decided to take all actions necessary to bring Shangri-La into operation. He also said the government has informed the operator that it is ready to release its shares of the resort and that the operator has estimated that the resort will be open by August or September.
Additionally, President Solih said that his administration has brought national development that has never been seen in the past 30 years. He provided details on the completed and ongoing developmental projects that commenced during the past four years and said that USD389 million has been spent on the development of Addu.
Shangri-La was developed in Addu as an upmarket resort with 60 water villas, 26 beach villas, 28 pool villas, 16 tree house villas, and two presidential villas. The government holds 30% of the shares of the resort while the remaining 70% is owned by the resort operator Addu Investment Private Limited. The government has faced challenges in reopening the 284-bed resort which was closed down due to COVID-19.
Reollo Investment Private Limited has expressed interest in operating Shangri-La and is holding discussions with the government. Reollo Investment is one the largest tourism companies in the Maldives.