State revenue received from resort lease rent so far this year has reached MVR 1.1 billion.

This represents an 8.4 percent increase compared to the same period last year.

According to the Weekly Fiscal Development report published by the Ministry of Finance, MVR 1.1 billion was received by the state as resort rent by the 16th of this month. During the same period last year, this revenue stood at MVR 1 billion.

Ministry of Tourism statistics show that while 185 resorts are currently operational in the Maldives, 179 of them are actively servicing tourists. The total bed capacity of these resorts stands at 45,115. Among the tourists visiting the Maldives, 72.9 percent—or 877,914 tourists—have spent their holidays in resorts so far this year.

The government is taking several measures to expand the Maldivian economy and boost investor interest. In this regard, amendments brought to the Special Economic Zones Act form a key part of these efforts.

Under these amendments, opportunities have been opened for investments of no less than USD 500 million. The government has stated that these steps will bring positive changes to the Maldivian economy, directly benefiting its citizens.