Friday, September 19, 2014

Tourism sector is the largest sector in which foreign investment is common. The Maldives in the early days of tourism had a relaxed policy to bring in investments.

http://www.hotels-invest.com/hotel-maldives.htm
Tourism sector is the largest sector in which foreign investment is common. The Maldives in the early days of tourism had a relaxed policy to bring in investments.
Many Maldives resort owners appoint management contracts with foreign companies and some of these resorts are solely managed and owned by such companies.

The sector now is significantly managed by the government of the Maldives. Tourism is now developed and managed according to country large policy based on a master plan. This task is carried out by the Ministry of Tourism. The ministry in the light of their development plan decides how many beds will be designated in the country for vacationers in a given period.

In Maldives the resorts are self consisted of island communities with all the features on the island. Each of these small islands is a resort. The government leases these islands to private parties to develop as vacationer resorts. Bidding of the islands are managed under Maldives Tourism Act 1999. Under this Act any kind of island which is to be developed as a resort shall go on public bid. The bid paper is released by the Ministry of Tourism and it has to be submitted to the ministry before designated time for each bidding process. The winning bidder is decided based on certain criteria they have set.

This year Maldives government annouced that they will lease 35 islands for resort development. Notwithstanding we do have resorts for sale Maldives.

As tourism sector is a large sector there are scope for investments in many different related activities such as supply of goods and other services to this sector.

The Culture of Maldives is one more attraction for investors and vacationer alike. The islands of Maldives appear in-between the trading route of the Indian Ocean. Thus settlers, and visitors from neighbouring regions and worldwide have come in contact with the islands for as long as history has been recorded. Such is the to-and-fro flow of people and their cultures, that a marked impact has been left in the Maldivian people, the language, beliefs, arts, and attitudes. As such some of the resorts for sale Maldives show different types of architecture etc.

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