Tourism minister announces locals lead investment in new resorts development

Minister of Tourism Ibrahim Faisal has announced that the government has allocated 11 islands for resort development. He made the remarks during a programme aired on PSM News. Speaking on the programme, Minister Faisal highlighted the government’s efforts to expand the tourism sector across the Maldives. He revealed that approximately 25 islands have been opened for tourism development to date, with award letters issued for 11 of these islands. The minister stated that the investments for these projects amount to approximately USD 385 million, with some awardees having already made payments. He also expressed pride in the fact that the majority of investors are Maldivian. Although the Maldivian tourism industry has thrived for 53 years, Minister Faisal noted that it has not yet achieved nationwide expansion. To address this, the government is preparing dedicated master plans for each atoll, alongside tailored marketing strategies to promote tourism development in these regions. “Between 4,000 and 6,000 beds will be added through local tourism and resorts, alongside the development of airports in these areas, creating new employment opportunities for youth,” said the minister. He also provided updates on key projects, including the ongoing development of Hanimaadhoo International Airport, which is expected to significantly increase the number of tourist beds in the area. Additionally, he noted that tourism promotion efforts are progressing at a rapid pace.