Maldives Republic
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2 years ago
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optimistic
RACL, Silver Land Hotels Sign MOU to Develop Tourism Zone at Faresmaathoda Airport
Regional Airports Company Ltd. (RACL) and Silver Land Hotels signed an investment MoU to develop a tourism zone at Faresmaathoda Airport, Gaafu Dhaalu Atoll. The project includes a 100-bed city hotel, expected to create 200 jobs and cost US$20 million. The agreement was signed by RACL's Managing Director Ahmed Mubeen and Silver Land Hotels' Head of Project Management Ibrahim Mohamed. RACL aims to replicate this model in other islands and expedite land registration for other airports.