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 […]
New Zealand engineering company building underwater restaurant in Maldives
An engineering company from New Zealand, Fitzroy Engineering, is building an underwater restaurant in the Maldives worth several million dollars, New Zealand website stuff.co.nz has reported.
