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

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

Opposition threatens to seize Thilafushi land once in power

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

11 February 2023

Motion on 99-year foreign lease of Thilafushi land rejected

Maldivian businessmen living in the Male area are already facing a shortage of land.

7 February 2023

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

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

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

Govt slams opposition for 'misleading' public on land sale

HDC released the details of the sale of 50 plots of land in Thilafushi for industrial purposes on Tuesday.

9 February 2023