Parliament Approves Six-Month Continuation of Concession for Tourism Lease Extension

Parliament approved an amendment to the Tourism Act, granting resort operators an additional six months to extend leases at the reduced fee of US$5 million, after which the fee reverts to $10 million. The amendment passed with 76 votes in favor. The previous two-year window for the reduced fee, enacted under former President Ibrahim Mohamed Solih, expires on 27 December 2024. The new six-month period begins upon publication in the Government Gazette and presidential approval.

Parliament approved an amendment to the Tourism Act, granting resort operators an additional six months to extend leases at the reduced fee of US$5 million, after which the fee reverts to $10 million. The amendment passed with 76 votes in favor. The previous two-year window for the reduced fee, enacted under former President Ibrahim Mohamed Solih, expires on 27 December 2024. The new six-month period begins upon publication in the Government Gazette and presidential approval.

Parliament approved an amendment to the Tourism Act, granting resort operators an additional six months to extend leases at the reduced fee of US$5 million, after which the fee reverts to $10 million. The amendment passed with 76 votes in favor. The previous two-year window for the reduced fee, enacted under former President Ibrahim Mohamed Solih, expires on 27 December 2024. The new six-month period begins upon publication in the Government Gazette and presidential approval.

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