Govt allows resort area expansion by up to 50 hectares

The Ministry of Tourism has amended regulations to allow tourist resorts to expand their leased areas by up to 50 hectares, including nearby islands, lagoons and sandbanks.

According to the amendment published in the government gazette on Sunday, the opportunity for expansion will be available to developers who have invested, or propose to invest, USD 250 million.

Under the revised rules, an island, lagoon or sandbank within 1,000 metres of the mid-tide dry land area of an existing resort may be added to the leased property, subject to conditions and fees. The combined area may not exceed 50 hectares.

The amendment states that no development may be carried out on the additional island, lagoon or sandbank. The expanded area will be added to the existing lease for the remainder of its term.

Operators must also ensure payment of all rent, penalties and taxes due to the state. The expansion will require an acquisition fee and an annual rent, payable quarterly.

Acquisition Fee:

Quarterly Rent:

The amendment took effect on Sunday.