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Government to Provide Concessions, Assistance to Long-Undeveloped Resort Projects: Minister Faisal
Minister of Tourism Ibrahim Faisal said the government will offer concessions on outstanding amounts owed by lessees who hand back undeveloped tourism islands, after the Economic Council approved two options for dealing with 63 islands that have not become operational. He also said assistance will be provided for partly built but stalled projects through investment sourcing and headlease transfers, and that a large number of these islands will open for tourism within five years.
Sources1carried itMR1 of 19 news outlets we monitor
Figures5as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Who said what
the reports' own quoted words, each once
Then concessions will be arranged in consultation with Finance [Ministry] and MIRA [Maldives Inland Revenue Authority] for the amounts of money they owe to the state
For example, where 50 or 60 percent of the work has been done. We are discussing with those who have not done so due to lack of funds, if an investor wants to take over the island, we will change the headlease
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Figures in these reports
as written, with the sentence they come from
63 islandsIslands leased for tourism that had not yet become operationalMaldives Republiche had looked into the islands that had not yet been operational, which, according to the Ministry, totalled 63.
Word for word from the report in Maldives Republic. Open the report
30 years agoAge of some tourism leases still undevelopedMaldives Republicthere are some islands leased for tourism 30 years ago that have yet to be developed or become operational.
Word for word from the report in Maldives Republic. Open the report
12 to 15New resorts expected to openMaldives RepublicAround 12 to 15 new resorts will open this year, adding 2,600 beds to the country's tourism industry, Faisal said.
Word for word from the report in Maldives Republic. Open the report
2,600 bedsBeds added to tourism industry by new resortsMaldives RepublicAround 12 to 15 new resorts will open this year, adding 2,600 beds to the country's tourism industry, Faisal said.
Word for word from the report in Maldives Republic. Open the report
50 or 60 percentDegree of completion used as example for stalled projectsMaldives RepublicFor example, where 50 or 60 percent of the work has been done.
Word for word from the report in Maldives Republic. Open the report
