Tourism Ministry unaware when construction of 5 star hotel will begin

Monday, 20 October 2008 07:46

Tourism ministry has revealed that the ministry is unaware when the construction of the 5 star hotel to be constructed on the north eastern side of Male’ will commence.

Assistant Director General of Ministry of Tourism Mohamed Waheed speaking to Miadhu Daily expressed that the ministry is unaware when the actual construction will begin. He said although some studies has been carried out people will only realize that something is happening only when the actual construction commence.

Two parties submitted proposals for developing the new five-star hotel to be built on vacant land east of Dharubaaruge when the bid was opened. The two parties were Handy Work Investment Ltd and Shangri-La Maldives Ltd. Although Handy Work won the bidding, the company later decided to forgo and eventually Shangri la Maldives was awarded the contract.

The government has leased 40,000 square feet of land east of Dharubaaruge for the development of the hotel. Under the terms agreement made with the government for the development of the hotel, 30 percent of the hotel is to be sold to the public within three years after completion of the hotel. The hotel was proposed as a replacement for the Nasandhura Palace Hotel which stopped operations earlier this year.

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