Maldives adds new island to resort development list

The Ministry of Tourism has added Lhaanbugali in Raa Atoll to the list of islands available for lease for resort development.

The ministry announced on Wednesday that proposals are now open for the development of Lhaanbugali, with an acquisition fee set at USD 1.6 million. The island covers an area of 2.66 hectares.

Additionally, the Ministry of Tourism confirmed that proposals have been received and lease arrangements finalised for the development of two islands and one lagoon from the list opened for bid last May. The leased locations include:

1. Lh. Vihavaru Finolhu
2. A lagoon in Vaavu Atoll
3. L. Hannhushi

The ministry has also opened the following islands and lagoons for tourism development:

• HDh. Vaikaramuraidhoo – 15 hectares; USD 1.9 million
• Sh. Kudalhaimendhoo – 13.11 hectares; USD 2 million
• R. Dhikkuredhoo – 4.83 hectares; USD 2.6 million
• Lh. Diffushi (with Lh. Maidhoo) – 15.17 + 20.99 hectares; USD 18.6 million
• K. Himmiya Lagoon – 712 hectares; USD 23.5 million
• AA. Alikoirah – 1.47 hectares; USD 1.3 million
• Th. Gaalee (with another island in the atoll) – 6.96 + 0.20 hectares; USD 2 million
• Th. Ruhthibira – 8.41 hectares; USD 2.4 million
• Th. Kanimeedhoo – 10 hectares; USD 2.8 million
• L. Kashidhoo – 3.11 hectares; USD 466,500
• L. Bodumunyafushi – 3.14 hectares; USD 471,000
• GA. Beyrumaudoo – 3.08 hectares; USD 385,000
• GDh. Kalhehutta – 7.61 hectares; USD 951,250
• A lagoon in Kaafu Atoll – 45 hectares; USD 11 million

The proposal submission form is available on the Ministry of Tourism website.