The Maldives Looks to Attract More Investors – Country Auctions Certain Islands

As a way in which to boost the economy and aid in post-pandemic recovery, the Maldives is looking to attract more investors to the country. This includes giving incentives to investors, encouraging them to construct everything from integrated resorts to residences on private islands that have been leased. That said, the mainstay of the economy continues to be tourism and private resorts; in the Maldives, 5 star resorts are each located on a separate island including the likes of OZEN RESERVE BOLIFUSHI that attract travellers from across the world.

As part of the government’s initiative to procure more investors, it auctioned off 16 islands this June which were given on leases that span 50 years. There were certain conditions attached to this auction as well; those who were successful in their bid must construct some form of resort on the island that should be environmentally friendly as well.