The government has announced that the practical work of developing a resort in Sh. Nalandhoo is set to begin soon. The announcement was made by President Ibrahim Mohamed Solih at a campaign rally held at Sh. Milandhoo Island on Monday night.
Currently, under the Fisheries Ministry, Nalandhoo has been leased to a private individual for agriculture and sea cucumber harvesting.
Speaking at the ceremony, President Solih emphasized that the island will be taken over by the state, and the current lessee will be compensated. The compensation process will be swiftly completed to facilitate an agreement with investors.
"Investors are ready; we have secured investors. Therefore, I want to take this opportunity to inform you that, to announce that Nalandhoo will soon transform into a resort, fulfilling the desires of the people of this island," the president said.
Nalandhoo has several unique natural features, including a large lagoon, making it an ideal location for resort development. Despite the 90-hectare island being leased to a private individual approximately 22 years ago, the neighboring islands have expressed concerns that they haven't benefited from the lease agreement.
The government has promised to build 20 resorts during the current term.