Laamu Atoll
5 articles
Latest
BusinessLease acquisition cost slashed in atolls with few resorts
The Tourism Ministry has slashed resort lease acquisition costs by 25% in five atolls to attract investors. While base rates and land premiums have been significantly reduced for the next two years, interest remains low. Many development projects in these regions continue to face delays or remain stalled despite the new financial incentives.
NewsAirport plan contradicts policy: Council
The Maavashu island council is protesting the government's decision to build a new airport in Isdhoo-Kalaidhoo. The council argues that Maavashu is the only island meeting official criteria for a second atoll airport. Residents plan to demonstrate against the move, claiming it contradicts established administration policies.
