The Maldivian government has signed an agreement with Thailand’s Pan Pacific Corp. to develop an international airport after reclaiming land from the lagoon of Thinadhoo City.
The Memorandum of Understanding was signed during a gathering held on Thinadhoo on Tuesday night, as part of President Dr. Mohamed Muizzu’s tour of southern Maldives.
Addressing the gathering after the signing ceremony, Infrastructure Minister Dr. Abdulla Muthalib said the entire project will be financed by the contractor.
The project involves:
In addition to building the airport, the contractor will also invest in the development of 12 resorts – which will create 2,000 new tourist beds.