Billionaire Ong sells Maldives island

The hotel brands managed by HPL Hotels & Resorts include Concorde Hotels, Hard Rock Hotels, The Boutique Collection and Gili Lankanfushi Maldives.

11 February 2023

Opposition threatens to seize Thilafushi land once in power

The land is given to foreigners on lease for 99 years.

11 February 2023

Suez Canal open to foreign investment, sovereignty protected

Egypt is trying to drum up foreign and private sector investment, especially from hydrocarbon-rich Gulf state.

23 December 2022

SEZ proposals for renewable energy noteworthy, minister says

Thorig said the 110 MW project’s details, such as where, how or the capacity will have to be studied.

20 January 2024

Deal with 2 more investors including Indian company for airports

Due to poor response to the announcement, the ministry re-announced the minimum offer price at USD 3 million.

10 December 2022

Pres assures Thilafushi land policy revision to protect locals

MACI's statement said the president assured that land would not be given from Thilafushi in a way that would harm Maldivian businesses.

16 February 2023

Third Maldives renewable energy investors conference next week

Investors will also be briefed on the Maldives' vision to become a net zero nation and the government's efforts to develop the energy sector.

30 May 2023

90% of Thilafushi land reserved for Maldivians: HDC

Pointing out that Thilafushi is not a special economic zone, the HDC said foreign businesses will have to follow local laws.

9 February 2023