Business Tourism

Maldives to sell 3 more islands for resort development

A villa at Four Seasons Private Island Maldives at Voavah, Baa atoll. PHOTO/FOUR SEASONS

The government of the Maldives decided Wednesday to sell three more islands for resort development.

In a notice, the Ministry of Tourism announced that the islands of Kagi in Kaafu atoll, and Bodukaashihura and Lonubui in Alif Dhaal atoll will be sold for the following prices:

  • Kagi (2.5 hectares) – USD 2.1 million
  • Bodukaashihura (2.4 hectares) – USD 1.7 million
  • Lonubui (2.1 hectares( – USD 1.5 million

Following the amendment to the Tourism Act last year which authorises the government to sell off islands without bid for resort development, the Tourism Ministry had previously decided to sell 14 islands and two lagoons as well.

Source URL: Mihaaru-News

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