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Malaysia Airports Holdings Bhd (MAHB) has signed a joint-venture agreement with GMR Infrastructure Ltd and GMR Male International Airport Ltd (GMIAL) for the rehabilitation, expansion, modernisation, operation and maintenance of Male’ International Airport at Hulhule island in Maldives.

MAHB told Bursa Malaysia that it was based on a build-operate-transfer model. The tenure of the concession is 25 years starting from the handover date and may be extended by another 10 years subject to mutual terms and conditions between the relevant parties.
Based on the expected construction cost of US$373 million, the cost attributable to MAHB (by way of equity contribution and/or contingent liabilities for shareholder’s support and/or corporate guarantees, if required) is about US$86 million. MAHB and GMR Infrastructure will subscribe for shares in GMIAL based on the shareholding percentages of 23 percent and 77 percent, respectively.

 

Anantara Hotels, Resorts & Spas is to inaugurate one of its hottest properties in Maldives, Anantara Kihavah Villas, in January 2011.

The Anantara Kihavah Villas will have 78 spacious over-water and beach suites and an underwater dining experience when it opens early next year.
It is part of Anantara Hotels, Resorts & Spas’ ambitious 5-year plan to expand its portfolio across the idyllic Indian Ocean, Asia, and the Middle East from 12 to 50 properties.
 

Crown Tours Maldives will be taking part in the forthcoming World Travel Market 2010 to be held in London, UK, from 08 - 11 November 2010.

 

Please visit us at:
Excel London, UK
Dates: 08th – 11th November 2010
Maldives Stand Number: Asia Hall 1, Stand No: AS 340
It would be our pleasure to welcome you at our stand and offer you any assistance required! If you wish to arrange appointments, please contact us via e-mail to sales@crowntoursmaldives.com 
 

Emirates has announced attractive all-inclusive Economy Class packages to Maldives, Dubai, Mauritius and Seychelles for the Eid and winter holidays ahead.

The special fares announced by Emirates Holidays, the holiday arm of the fast rising airline, include bonus nights for newly-wed couples on their honeymoon.
Maldives packages start at $1,987 per person sharing double room include Economy Class Dhaka Dubai-Maldives-Dubai-Dhaka air ticket, three nights' accommodation in Beachfront Deluxe Room of a four-star hotel with breakfast, return speedboat transfer, service charge and tax. 

 

Foreigners are being given the opportunity to buy property in the Maldives for the first time with the launch of the Soneva Gili Private Residences this month. Fourteen over-water houses are being offered for sale at the Six Senses resort on the privately-owned Lankanfushi Island, one of the smallest islands in the archipelago set in one of the largest lagoons.

The company is well known for its barefoot luxury and eco-friendly approach so each of the four-bedroom houses will be built from renewable and natural materials and will include an over-water pool, sauna, gym and staff quarters for the butlers.
Homes will be bought on a 50 year leasehold with an option to extend to 90 years and there are attractive tax benefits free from income tax and capital gains tax.A guaranteed gross rental yield of up to 5% is available to buyers who place their property into the rental programme which is useful as Soneva Gili has had healthy occupancy rates which could give owners a higher return.

 

 

The Maldives were voted best for those visiting the Indian Ocean by Conde Nast Traveler magazine.

The magazine’s Readers’ Choice awards were voted by nearly 26,000 readers who cast their votes on the best travel experiences the world has to offer.
Conde Nast readers were also polled on their favourite hotels.

 

Sri Lanka’s budget airline Mihin Lanka will acquire its second aircraft by mid next month, and with the acquisition of the second aircraft to its fleet, the airline hopes to start flights to destinations such as Maldives, Indonesia and Bangladesh, officials said.

The A 321 airbus will be obtained from a company in France on dry lease conditions.
Mihin Lanka now operates flights to Dubai and some cities in India. The airline was launched in 2006 and the Sri Lankan government revamped it in 2009. Though it is a budget airline, meals are served to passengers. 

President Mohamed Nasheed has called for improvements in energy efficiency andinvestments in renewable energy, in order to reduce electricity bills and reducethe Maldives’ dependence on foreign oil. The President said the government wantsto implement new building regulations, to ensure that new buildings are energyefficient.

He also noted the government’s desire to shift to renewable energies such assolar power.The President made the remarks during a speech at Soneva Fushiresort in Baa atoll. The resort, which is part of the Six Senses company, hostedan “eco-symposium” last week to explore how the travel and tourism industry canreduce its carbon emissions while saving money on electricity costs.
“Wehave to get away from thinking that development has to cause carbon dioxideemissions,” the President said. “In the Maldives, we want to pursue a low carbondevelopment strategy… so we can develop, create a better life for people andalso take care of this planet,” he added.
The Maldives has one of theworld’s highest electricity prices and, according to a 2007 United Nationsreport, is the most oil-vulnerable country in Asia. On Thursday, PresidentNasheed installed a solar energy system on his official residence, Muleeaage, tohighlight the government’s determination to shift from costly, imported oil torenewable energy.
 

The Six Senses Eco Symposium at Soneva Fushi ended on Sunday with a rallying cryto invest more in preserving fish stocks. Chris Gorell Barnes, co-founder ofBLUE Marine Foundation, said that only 0.6 percent of the world’s oceans areprotected. “The rest can be fished until they are empty,” he said. “If we go onat the same rate then the oceans will be empty of fish by 2050.”

Six Senses, the luxury resort company, has pledged to support marineconservation after signing a deal with BLUE. Under the terms of the agreement,Six Senses will give a share of revenues from guest diving excursions at itsMaldives retreats to BLUE. Sonu Shivdasani, Chairman of Six Senses, said, “Aspart of our commitment to sustainable development, I am delighted to be able tosupport BLUE in its vital commitment to preserving marine ecosystems. Unless weprotect our oceans now, fish stocks will suffer an irreversiblecollapse.”
Six Senses’s Soneva Fushi and Soneva Gili resorts in theMaldives only use fish from sustainable sources. BLUE is also in talks with thegovernment of the Maldives about creating a marine conservation area in thecountry’s territorial waters and examining ways in which the country can improveits sustainable fishing credentials.

 

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