The Ministry of Tourism and Environment (MoTE) has issued an Invitation for Bids (IFB) for the lease, development, operation and management of tourist resorts in Kaashidhoo Lagoon, Kaafu Atoll, and Farumuli, Noonu Atoll.
The government has designated both locations as priority areas for tourism development.
According to MoTE, 10 hectares of land will be reclaimed from the total 115.21-hectare area of Kaashidhoo Lagoon for the development of the resort. The proposed resort is required to have a minimum of 100 beds.
Meanwhile, an IFB has also been released for resort development in Farumuli. The island comprises 0.41 hectares of land and includes a lagoon measuring 71.18 hectares. Land reclamation of up to a maximum of 15 hectares has been permitted for the project, with a mandatory minimum of 150 beds.
The ministry stated that both islands will be leased for a period of 50 years. A construction period of 36 months will be granted from the date of signing the agreement.
Virtual pre-bid meetings for interested parties will be held on 16 February and 3 March at 1000 hrs local time. Participants are required to email [email protected] by 1200 hrs on the day prior to the meeting to register their interest.
Bidding documents can be purchased from the MoTE building in Male’ from 1 February to 31 March between 0900 hrs and 1300 hrs, or via email at [email protected]. The IFB application form is also available through the same email address and on the ministry’s website at www.tourism.gov.mv.
The deadline for bid submission is 1000 hrs on Wednesday, 1 April, with submissions to be made in person to the ministry. Interested parties may submit enquiries via email until 29 March 2026.