Addu City Council has announced that foreign investors have expressed keen interest in establishing a yacht marina and a 150-room tourist hotel in the area connecting Gan and Feydhoo.

The proposed project is estimated to cost $300 million and would create significant job opportunities in Addu City. The marina would be located in a designated area near the causeway between Gan and Feydhoo, which is already a popular docking spot for yachts.

Mayor Ali Nizar said that the council is currently finalizing administrative tasks and intends to make an official announcement about the project next week. He emphasized the positive impact it would have on job opportunities in Addu City, aligning with President Ibrahim Mohamed Solih's vision to revitalize the tourism industry in the region.

President Solih has strongly emphasized his administration's commitment to developing tourism in Addu, specifically highlighting the coordinated progress of the land reclamation and road development projects. These initiatives are being carried out in conjunction with the integrated tourism project in Hankede, which encompasses a comprehensive development plan aimed at catering to diverse markets and sectors.

Once the Hankede project and associated developments are completed, Addu City will have the capacity to accommodate 8,000 tourist beds, fostering increased tourism opportunities in the region.