Maldives sees 29.8% growth in the tourism industry
Most visitors arriving in the Maldives come from India, followed by Russia and the UK
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Maldives welcomes more than 100,000 tourists for the 5th consecutive month
India is the top contributor to these arrivals
The Maldives welcomes more than 560,000 tourists as of 27 April
The United Kingdom topped the source market list with 73,107 annual arrivals
The Maldives welcomes more than 359,000 tourists from January to March
The country experienced higher revenue in January and February due to the revival of tourism
President of Maldives expects 1.6 million tourists in 2022
Currently, Russia has brought the most visitors to the Maldives
Maldives lagoon being leased to state-owned company for development
Maldives’ Tourism Act states that an island, lagoon, or land must be designated by the state for development
Tourist resort starts developing at the sandbank in Mathiveri, Maldives
The four-star development will provide job opportunities for residents amongst other things
Maldives auditor office reviews rent numbers for social housing project
Leasing for MVR6,600 per month would have caused a loss of MVR1.1 million for each apartment
The Maldives welcomes 32,970 arrivals from India this year
Travellers have been visiting for quarantine stays, but the destination wants to be recognised as a preferred travel location
Maldives government opens application for low-interest housing loan
The scheme is offered to citizens who aspire to build homes on their land or to finalize uncompleted projects
Bank of Maldives develops nature park for visitors to experience natural beauty
The park was built in the least harmful manner, in hopes to preserve the environment for future generations
Maldivian government companies permitted to lease land for tourism
Rights to the land lease of properties can only be sold after ten years of opening and operating the business
Bank of Maldives supports development of Nadella Eco Park
The park aims to attract tourists and increase sustainability awareness to preserve the environment for future generations
South Asian nations cautiously optimistic amid post-pandemic recovery
Competing factors ranging from political instability to ill-fated reforms may have adversely affected property markets
Bank of Maldives announces lower borrowing rates for real-estate related loans
Eligible customers can borrow as much as MVR300,000 (USD19,471) without requiring additional security
