Cabinet decides to establish yacht marina in Male

The cabinet has today decided to establish a safari yacht marina in the Male’ area in order to provide safe port facilities to safari yachts.

The President’s Office said that the Cabinet made this decision after discussing a paper presented by the Ministry of Transport and Communication.

The members of the cabinet noted that there are currently 140 safari yachts in the Maldives, with 5 new additions on average each year.

The Cabinet highlighted that tourism targeted for safari yachts was one of the main avenues for the inflow of foreign currency into the country and that they therefore believe that establishment of a yacht marina in the Maldives would have positive economic impacts.

The cabinet decided to find an appropriate party for the project through a competitive bidding process.