Addu City Council has signed an agreement with International Chain Maldives Private Limited (ICMPL) for the leasing of land in Feydhoo for the development and operation of a Cruise Terminal and Yacht Marina, with a 150-room tourist hotel.
As part of the land-use plan for Addu, a designated area near the causeway between Gan and Feydhoo has been allocated for the development of a yacht marina. Along with the yacht marina and cruise terminal, a 150-room tourist hotel will be developed on the site of the former football ground in Feydhoo.
Speaking to PSM News, Mayor of Addu City Ali Nizar outlined that the project is slated for completion within two years, with an estimated cost of USD 350 million. He also highlighted the significant economic advantages that the project is expected to bring to Addu.
The Gan International Airport (GIA) Development Project is also in progress to enhance tourism in Addu and the southernmost atolls. The project involves the expansion of the GIA passenger terminal, equipped with modern facilities to accommodate 1.5 million passengers. The project encompasses the construction of a new domestic terminal, control tower, and fire station, along with upgrades to the existing terminal, duty-free shops, and restaurants. The project is slated to be completed within two years and aims to establish a central hub connecting the southern atolls with global destinations.