Th. Ruhthibirah island up for bidding for resort development

On Sunday, the Maldivian Ministry of Tourism officially commenced the bidding process for the development and operation of a resort on Ruhthibirah Island, located in Thaa Atoll.

Key details about the bid:

• The island spans 8.41 hectares in size, providing ample space for the development of tourist facilities
• The ministry has proposed a minimum requirement of 100 beds for the resort project
• The Land Acquisition Cost (LAC) for Ruhthibirah Island stands at USD 875,000 (equivalent to MVR 13.5 million in local currency)
• Interested bidders are required to demonstrate their financial capacity with a minimum of USD 2 million

The bidding process for the Ruhthibirah resort follows similar initiatives launched by the ministry earlier in August. Bids were invited for the development and operation of resorts in Medhafushi Island in Haa Alif Atoll and Nalandhoo Island in Shaviyani Atoll, both situated in the northern region of the Maldives.

Crucial dates for the Ruhthibirah Island resort bidding process are as follows:

• Deadline for bid submissions: September 21, 10:00 AM.
• Prospective bidders can seek clarification or additional information about the bidding announcement via email, with requests to be submitted before 1:00 PM on September 17.