Minister of Tourism Ibrahim Faisal has revealed that efforts are underway to make arrangements, such that USD 12.79 million is issued from certain banks to develop tourism, in areas where the tourism industry requires more development. The remarks were made by the minister during the ceremony held to launch "Addu Tourism Brand".
During the ceremony, Minister Faisal shed light on the challenges such regions face. This includes difficulties in transportation measures and the implementation of tax within the tourism industry. He also pointed out the difficulties in obtaining financing to initiate tourism projects.
To address these issues, Minister Faisal indicated that arrangements are being made to facilitate financial support through certain banks. He noted that providing this assistance at a favourable interest rate would significantly contribute to strengthening the tourism industry and expanding the bed capacity. Emphasising the Maldives' reputation as a premier tourist destination, he remarked that promoting various locations, despite transportation challenges, would also lead to an increase in tourist arrivals.
Furthermore, Minister Faisal revealed the goal of increasing the bed capacity for tourism nationwide, and increasing youth participation in the industry. This includes increasing youth engagement in restaurants, laundry services, water sports and businesses as well.
Advancing tourism in regions where the tourism industry requires more development is an aim of the government. To achieve this goal, it has been actively promoting local tourism in each individual atoll.