new resorts..

MTDC resorts

Naagoashi

Naagoshi

>in Haa Dhaalu Atoll
>is 2550 meters long in length
> land area of 50 Ha.
> is situated 283 km from Hulhule’ International Airport.
> takes around 45 minutes by airplane to the Hanimaadhoo Regional Airport in Haa Dhaalu Atoll and from there it is 32.1km distance to the resort.
>subleased to Threek International Private Limited an International Company based in Maldives and Russia to develop as a tourist resort.
>Sublease Agreement signed in December 2007.
>The Island is to operate as a 600 bed tourist resort and is expected to start its operations by mid 2010.

Herathera

Herethere or Handhufushi MTDC

>Situated in Addu
> is 531 km from Hulhule’ International Airport.
>takes one hour by airplane to the Gan Regional Airport in Seenu Atoll and from the airport it is only a 15 km distance to Herathera Island.
>MTDC developed Herathera Island on its own to a 4 star level.
>The 546 bed resort started operations in December 2007
> was officially opened on 30th January 2008.
>was subleased to Yacht Tours Maldives Pvt. Ltd on 26th May 2008 under a management contract for 20 years.

Kihavan Huravalhi

kihaava or huravalhi

> in Baa Atoll
> is 563 meters long in length
>has an area of 8 Ha.
> is situated only 135.6 km from Hulhule’ International Airport.
>takes about 3 hours by speed boat from Hulhule’ International Airport to the isolated island.
>has subleased this island to Minor International Labuan Limited an International Company based in Thailand.
>The Sublease Agreement was signed on 23rd October 2007.
> The Island is to operate as a 164 bed tourist resort.
>The construction permit for the resort was granted on 28th September 2008 and the resort is expected to start operations in March 2010.

Emboodhoo & Olhuveli
>MTDC has subleased this island to Dr. Ibrahim Umar Maniku.
>The Sublease Agreement was signed in April 2008.
>The Island is to operate as a 260 bed tourist resort and is expected to start its operations by mid 2010.

Magudhua

Magudhuhaa

>located in Gaafu Dhaalu Atoll
>is 685 meters long in length and has an area of 14.5 Ha.
> is situated 432 km from Hulhule’ International Airport.
>takes less than 45 minutes to the Kaadedhdhoo Regional Airport in Gaafu Dhaalu Atoll and from there it is 46 km distance to the resort.
>has subleased this island to Ahmet Aydeniz Instaat an International Company based in Turkey.
>The Sublease Agreement was signed on 24th October 2007.
>The tourism Ministry regulations allow the island to operate as a 200 bed tourist resort.
> The construction permit for the resort was granted on 19th November 2008 and the resort is expected to start operations in March 2010.

Kodeymathilabadhoo
>located in Gaafu Alifu Atoll is 479 meters long in length and has an area of 3.8 Ha.
>is situated 407 km from Hulhule’ International Airport.
>takes less than 45 minutes to the Kaadedhdhoo Regional Airport in Gaafu Alifu Atoll from Hulhule’ by airplane and from there it is 56 km distance to the resort.
> has subleased the island to Resonance Pvt Ltd a local Company based in Maldives.
>The Sublease Agreement was signed on 23rd October 2007.
>The tourism Ministry regulations allow the island to operate as a 100 bed tourist resort.
>The construction permit for the resort was granted on 28th August 2008 and the resort is expected to start operations in 2010.

Sample room at Uligamu

Uligamu
>is located in the Northern most region of Maldives.
>A plot of land on the 2500 meter long, 112 Ha inhabited island was awarded to build a tourist hotel.
> is situated 320 km north of Hulhule’ International Airport and is 44.7 km away from Haa Dhaalu Hanimaadhoo Regional Airport.
>The designated land area was awarded to MTDC by the Tourism Ministry on 27th February 2007 and it was decided to build a 100 bed tourist hotel.
> The construction permit for the hotel was granted on 4th May 2008 and expected completion date is end of 2009.

Ekulhivaru

Ekulhivaru

MTDC plans to develop the island under a Joint Venture (JV) partnership which incorporates a 20/80 structure.
> 20% of the JV entity will be owned by MTDC and 80% belonging to the JV partner.
>ENA Hotel Holdings Pvt. Ltd. is a Joint Venture Company formed in this manner whereby 20% belongs to MTDC and 80% belongs to Ritz Carlton .
> The Joint Venture Agreement was signed on 31st March 2008
> Sublease Agreement for Ekulhivaru was signed on 1st July 2008.
>The Island is to operate as a 180 bed tourist resort and is expected to start its operations by the end of the second quarter of 2011.

Vodamula

Vodamula

>MTDC plans to develop the island under a Joint Venture (JV) partnership which incorporates a 51/49 structure.
>51% of the JV entity will be owned by MTDC and 49% by public investors.
>Fathuru Maldives Plc. is a Joint Venture Company formed in this manner.
>The Sublease Agreement for Vodamulaa was signed on 31st August 2008.
>The Island is to operate as a 300 bed tourist resort and is expected to start its operations by the end of the second quarter of 2010.

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Vatavareha

>Vatavarreha
>in Gdh. Atoll
>Being devloped by Yacht Tours Maldives

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Funamauddua Ga. Atoll

Location: Gaafu Alif Atoll
Distance:
Mode of Transport : 45 MIN. AIR + 20 MIN. SPEED BOAT RIDE
No. of Rooms: 25 LAGOON SUITES AND 25 BEACH SUITES
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Renaissance Maldives Gaakoshibee Resort & Spa

>The first Marriott resort in Maldives is to open in 2009 under a management agreement with ADK Travels Private Ltd.
>The five-star, 100-villa Renaissance Maldives Gaakoshibee Resort & Spa on Gaakoshibee island in the Shaviyani Atoll
>located about a 55-minute flight by seaplane from Male.
>ADK Travels acquired the island of Gaakoshibee in 2006 for 35 years
>island size: 18 hectare
>Total water villas: 41 units
>Total beach villas: 59 units
>Total land area: 161,532 sq.m
>Total built – up area” 21,991 sq. m

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Gazeera Gdh Atoll

>Gazeera is an island located in Gaafu Alifu Atoll
>The winning bid for the island was by Mr. Ibrahim Rasheed, M. Paruvaanaage
>approximately 440 km to the south of Male.
>Traveling distance from Male is about two hours by seaplane.
>The island has an area of 52,008.81 sq m.
>number of rooms that are going to be developed are 36 rooms.
>It takes about 20 minutes to walk around the perimeter of the island.
>Gan International Airport, is located within 15 minutes travelling distance by seaplane.
>The design is of the hotel has been carried out in accordance with Bulgari – Ritz Carlton design requirements and technical specification. >The architecht is the world renowned architect Antonio Citterio.
source:
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Maanenfushi Raa Atoll

An interesting resort to be developed with lots of interesting connections. The concept of the resort has been designed and published here: http://www.nemastudio.com/project.php?id=7&lin=en

Maanenfushi Resort is to include: 40 over-water and 35 beach front villas. The resort will feature 3 restaurants and an over-water wellness center linked by a bridge to the eastern tail of the island

The resort it appears from DO was obtained via bidding by proxy
and “Nasra Abdul Sattar, wife of Mazlan, a senior lawyer at Shuaib Shah & Co, owned by Golhaabo’s Bengali Prince. This was an open rent island and the 10 year rent proposed was a staggering US$22.3 million dollars for only 150 beds (75 rooms). To secure the island, 15% of the total 10 year rent which amounts to US$3.5 million dollars has already been paid sources say.”

In another developments there was a lawsuit against parties developing the resort which was reported in Haveeru News as “Civil court declares agreement over Maanenfara valid | DATE: 2007-09-17 | PRINT | BOOKMARK

MALE, September 17, 2007 (Haveeru News Service) — The civil court last week ruled that an agreement made between two individuals over the development of Raa atoll Maanenfara as a resort is valid.

In the court’s verdict passed last Wednesday, the court ordered the signatories to the agreement, Aminath Tharuneema and Nasra Abdul Sattar, to honor the agreement, and carry out construction of the resort as according to the terms set in the contract.

The case was filed by Tharuneema after Nasra wanted to declare the contract void. The contract was signed dated 3 September 2006.

The court ruled that Nasra should not hinder any works undertaken by Tharuneema as agreed in the contract. Tharuneema is the daughter of Maldives’ top business tycoon Qasim Ibrahim, who is also the Speaker of the powerful interim constitutional assembly, the People’s Special Majlis, tasked with amending the constitution by November 30 to help make way for Maldives to become the Islamic world’s first fully fledged liberal democracy. Qasim also holds the powerful post of finance and treasury minister, a post that creates conflict of interest according to some critics.

The contract between Qasim’s daughter and Nasra sets up a partnership agreement aimed at establishing a limited liability company to develop and run Maanenfara as a resort.

The majority stakes in the company — 92 percent of shares — are held by Tharuneema while the rest 7 percent stakes are held by Nasra.”

Raa Atoll Maanenfushi

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