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Maldives Building 14 New Underwater Resorts

November 7, 2013
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By Paul Homewood

 

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http://holidayplace.co.uk/news/details/108491/development-of-new-maldives-hotels-and-resorts-planned-for-14-uninhabited-virgin-islands

 

GHM Hotels are the latest to confirm plans to open a new resort in the Maldives. According to the online hospitality network, “Hospitality Leaders”,

 

GHM Hotels will open its first resort in the Maldives in 2016. The resort will be built on a 55-hectare atoll, the largest habitable island in the Maldives, and will be located 20 minutes by speedboat from Hanimadhoo International Airport.

The Chedi Dhapparu will include 90 hotel-managed residential villas and 40 hotel suites. Every unit will offer unrestricted views of either a coral-reef lagoon or the open ocean. When sales begin next year, it will become the first project in the Maldives to sell villas to prospective buyers. The villas will have from one to four bedrooms.

The master plan include a spa with 10 double treatment rooms; a health club; a club lounge catering to guests lodged in the over-water suites; and a beach club with a dive center and bar as well as a library, cigar lounge and four food and beverage outlets. Paris-based AW2, an architecture firm, will design 20 of the hotel suites each with a private pool.

This presumably is one of the 14 new resorts planned for development on uninhabited islands, that the Maldives Tourism Ministry announced last year.

 

All of these developments are being actively and enthusiastically encouraged by the Maldives government. From their High Commission website in Singapore:

 

Tourism

The President expressed his hope of attracting more foreign investments with the privatisation programme. He reiterated the fact that the Maldives has given good return for inward investments, particularly in the tourism sector. He stated that Singapore investments in the flagship tourism industry  were considerable and the returns have been handsome. Encouraging Singaporean investors and business people to invest in the Maldives,he assured them that their investments in the Maldives would be safe and yield significant profits for them. The government aims to increase private entrepreneurship in the Maldives, and spoke on the many investment opportunities for experienced international companies in the Maldives. He added that the country has the legal framework to protect international investors in the Maldives and the government was working to further strengthen the laws and regulations.

When a group of Italian tourism developers did first set foot on the Maldives back in 1971, one of them sent out a message: “Found paradise. Come quick.”
Since then, foreign investors and companies have been moving in to take advantage of this paradise. And the growth of the industry has been phenomenal. Consider that this was an industry that did not even exist before the early 1970s. By 1985, it had supplanted fishing as the largest industry in the country. Today, tourism earns the Maldives 70% of its foreign capital.
More, investors in Maldives tourism know that they are getting into an area already festooned with a shining brand image. After all, wonderful holidays and Maldives are almost synonymous. In fact, a leading travel publication for the year 2008 ranked Maldives as the Best Country Brand for Beach and Best Country Brand for Rest and Relaxation. It also ranked number two in the Best Country Brand for Natural Beauty and 3rd in the Best Country Brand for Resort and Lodging Options in the same year. Maldives also tops the Divers Hall of Fame list. (The country has some of the world’s best dive sites.)
In addition, investors in this sector can rely on full support from the Maldives Government, which earns a substantial part of its tax revenues from tourism. For instance, early in the process of building up Maldives tourism, developers built tourist resorts on uninhabited islands. This policy has continued up through the present, with all resorts today being located on previously uninhabited islands. This prevents any culture clash between tourists and the more traditional Maldivians.
And the potential for expansion is enormous. Of the 1,192 islands comprising the Maldives, only 200 are inhabited by Maldives citizens; less than 100 currently house resorts. Of the remaining approximately 800 islands, some are too small for resorts or otherwise inappropriate, but a great many are ripe for development as tourist destinations. (There are at present 93 individual resorts in the Maldives.)

http://www.maldiveshighcommission.sg/index.php?option=com_content&view=article&id=95&Itemid=65
 

How on earth could the Maldives government “assure them that their investments would be safe”, if they knew they were going to be submerged in the near future? And I am quite sure that investors from Singapore would not be wasting money on such a risky venture if that were so.

None of this, of course, will stop the Maldives from asking for billions in “compensation”, nor stop our useless politicians from falling for it.

One Comment
  1. Brian H permalink
    November 9, 2013 4:32 am

    Obviously, the gubmint there anticipates global success in stopping CAGW, and hence is sure its resorts will be just fine.

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