Maldives launches mega billion dollar tourism project

Colombo, Aug 1 (newsin.asia) – The Maldives government, on Monday said it has launched a US 800 million dollar tourism development project to attract more tourists into the island country.

A statement from the Maldives Embassy in Colombo said the ‘Emboodhoo Lagoon Project’, was the largest tourism development project to be conducted in the country and would promote Maldives as a multi-island integrated leisure and recreation destination.

The project will develop 9 islands. The first phase of the project will see the development of 3 islands, and a core island township bringing a veritable wealth of world-class food and beverage, retail, entertainment, recreation, international standard yacht marina and leisure-lifestyle experiences to the Maldives.

The Embassy said this will the first of its kind to be introduced in the Maldives at an estimated cost of US 331.5 million dollars. The Emboodhoo Lagoon Project is contracted to Thailand-based Singha Estate Company.

Maldives Tourism Minister Moosa Zameer said the project shows faith and trust investors have towards Maldives and added that the country would always welcome mega development investments.

The first phase of Emboodhoo project would see the development of 1300 rooms in 3 islands and the creation of over 5000 job opportunities.

A cultural centre will also be developed under the project. The first phase of the project along with township will be completed by mid 2018.