header3

The Future, Now

The government has leased 9 islands to MTDC for resort development. 8 of the 9 islands were initially leased for development. Each of the 9 leased islands is unique not only in size, shape, natural features, and beauty but also in terms of development.

Naagoashi

Location
Haa Dhaalu Atoll
Status
Under development, 50% complete
Development Mode
Sublease
Details
5-star, 600 beds
Expected date of completion
First quarter, 2013

The island of Naagoashi is subleased to Three K International under a sublease agreement on 5th December 2007 to develop as a 5-star resort with 600 beds.