Tourism developmental projects worth over USD 1 billion are being carried out in the Greater Male' Region, according to Minister of Economic Development, Mohamed Saeed. The Economic Development Minister revealed that these projects include new international standard ventures in the tourism sectors.
The tourism sector is expanding at a fast pace with numerous new investments being launched, across the country. Statistics shows that over USD 200 million of foreign investments have been registered in Maldives in the first half of 2017. Majority of these investments are related to the tourism sector, according to the Economic Development Ministry. International brands of tourism investments are also launching their businesses in the country.
Speaking about the investments, Economic Minister Mohamed Saeed stated that tourism developmental projects worth over USD 1 billion are being carried out in the Greater Male' Region. Many resorts were opened for operation last year, with more new properties planned to be opened for operation this year, the Economic Minister noted.
Referring to the tourism sector, Economic Minister said in the near future Maldives will be renowned as an example for competing markets. He attributed these achievements to the huge economic development projects conducted by the government.