Regional Airports Company Ltd. (RACL) signed an investment memorandum of understanding with Silver Land Hotels to develop a tourism zone at Faresmaathoda Airport in Gaafu Dhaalu Atoll. The project involves a 100-bed city hotel estimated to cost US$20 million, expected to create around 200 jobs.
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The primary objective of this partnership is to develop a 100-bed city hotel on the land adjacent to the airport, according to RACL.
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Earlier reports gave 50-bed 1 Apr, 10:26 Maldives Republic
The project is expected to create around 200 employment opportunities and open doors for businesses in the region, thus contributing to the region’s economic growth, said RACL.
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According to Silver Land Hotels, the project is estimated to cost US$20 million.
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Earlier reports gave MVR 1.3 billion, approximately US$84 million 3 Jun, 22:39 Maldives Republic