The Maldives has invited Sri Lankan and other regional investors to take part in the financing of its tourism industry.
“We have potential future developments for over 60 islands with about a US $ 2 billion financing requirement and an airport development with another US $ 400 million financing requirement,” Maldives Capital Market Development Authority CEO Ahmed Naseer said.
Already, the biggest resort operators in the country, the John Keells group and Aitken Spence group, have substantial presence in the archipelago.
The third largest Jetwing group is also evaluating the establishment of a resort in the archipelago after saturating Sri Lanka.
Aitken Spence already seems to be making progress into these investment areas as the company last month entered into an agreement with the Maldivian government to lease and develop an uninhabited island named ‘Aarah’ into another resort.
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