Minister: Rasfalu to Generate 40% of Maldives Tourism Revenue

Dr. Abdullah Muthalib, Minister of Housing, Land and Urban Development, has stated that the Rasfalu project alone will generate 40% of the Maldives' total tourism revenue. Speaking on the 'Aha' forum, the minister emphasized the project's importance to the national economy. He noted that the government estimates $2 billion in tourism revenue from Rasfalu, compared to $5.4 billion earned from selling approximately 20,000 hectares of lagoons and islands across the country. The minister also said the project will create 8,800 properties and accommodate around 30,000 boats in the areas sold from Rasfalu. He clarified that the properties in Rasfalu will be used as holiday homes, not permanent residences, serving as state-benefiting venues for set periods.