The Maldives Tourism Development Corporation (MTDC) is preparing to commence the physical infrastructure works for the resort development project on H.Dh. Naagoashi within the first quarter of this year. This project, which had been stalled for a significant period, has been revitalized by the current administration through financing secured via the Bank of Maldives.
The development is being executed in two phases. MTDC aims to complete the first phase, featuring 183 rooms, and officially open the resort by December of next year. Once operational, the resort is expected to create approximately 600 job opportunities, providing a substantial boost to the economy of H.Dh. Atoll. Furthermore, a Memorandum of Understanding (MoU) has already been signed with a renowned international brand to manage and operate the resort.
