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Maldives are auctioning 16 uninhabited islands

2021-05-30T21:54:07.505Z


Tourism, which is important for the Maldives, collapsed in the corona crisis. Now the country wants to attract investors - and is auctioning more than a dozen dream islands. However, the award is linked to strict criteria.


Enlarge image

Beach of a Maldives island (symbolic picture)

Photo: Philipp Herder / dpa

White sandy beaches, turquoise blue water and no neighbors: This picture can be found on several islands in the Maldives.

Now the local government wants to open up the islets - and is auctioning 16 of the more than 1000 mostly uninhabited islands.

Whoever wins the contract will lease the island for 50 years, according to the Ministry of Tourism.

However, private individuals have little chance of participating in the bidding competition.

One condition is that the tenants build a hotel on their island with at least 100 beds each.

With the auction, the Maldives want to help their tourism after the corona pandemic slump, a ministry spokesman for the dpa news agency said on Friday.

The magazine »Robb Report« had previously reported on the auction.

Starting prices from 173,000 euros - and environmental requirements

A 1.2 hectare island is available from 210,000 dollars (about 173,000 euros), the 10.4 hectare version from 1.5 million dollars (about 1.2 million euros).

In their projects, tenants in the sensitive ecosystem must adhere to environmental requirements - for example, the majority of them use electricity from renewable sources.

Around half of the vegetation should also be left standing safely.

Offers are possible until June 10th.

However, it is not necessarily the highest bidder who will win the bid.

There is a point system.

60 points are given for the highest offer, 20 points are given if at least 70 percent of the employees should be local, including at least 5 percent women, and 10 points are given for money in a government tourism fund.

According to its own information, the ministry hopes for 3700 additional beds and associated investments of 370 million dollars (around 304 million euros) in the next three years.

mjm / fek / dpa

Source: spiegel

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