Maldives extends resort rent deferral to 3 years for maintenance, upgrades
The Ministry of Tourism has introduced an amendment to its regulations, extending the rent deferral period for resorts undergoing maintenance or redevelopment to a maximum of three years. This extension applies if the resort suspends operations entirely during the upgrade process. The update, published in the government gazette, marks the third amendment to the Regulation […]
Maldives faces $1.7b annual economic loss from 88 unfinished resorts
The Maldivian tourism industry is grappling with a substantial setback as 88 resorts designated for development remain incomplete, resulting in an annual economic loss of $1.7 billion, as per the Finance Ministry’s fiscal statement for 2024-26. Maldives, heavily reliant on tourism, considers these unfinished resorts a linchpin of its economic prosperity. However, these 88 islands, […]
Careers: Ibrahim “Shark” Shakir
Ibrahim Shakir is a surveyor by profession. He was not always interested in the field. In his boyhood, as a student of Majeediyya School, his preferred field was that of football.
RCNC: The Company Of Choice in the Construction Industry
Rasheed Carpentry and Construction Private Limited (RCNC) is a construction company in the forefront of the industry in Maldives.
