Minister of Tourism Ibrahim Faisal has stated investments in the Maldives' tourism sector will enjoy benefits in a short period of time. The statement was made by the minister during the Australian Hotel Industry Conference & Exhibition (AHICE) Maldives Hotel Investment Summit.
Speaking at the summit, Minister Faisal revealed that the success of the Maldives' tourism sector is directly interlinked with successful investments. The minister stated the amendments brought to the Maldives Tourism Act will provide new opportunities for development of the sector, while ensuring utmost convenience to investors. He noted the administration is committed to provide investors with good opportunities with less burden.
Highlighting the success of the investments can be observed through the services provided by the nation and its well-renowned status, Minister Faisal stated that only a short period is required for investors to gain the benefits. The minister disclosed that Maldives currently hold sits position as the top market of the region.
Furthermore, Minister Faisal underscored the government's efforts in achieving its overarching goal: gaining a revenue of USD7 billion from the tourism industry by 2027. He affirmed that with the inauguration of the new terminal at Velana International Airport (VIA) and the introduction of wide-body aircraft into Maldivian, the national airline's fleet, will play a pivotal role in bolstering the tourism industry.