Maldives Travel and Tourism Industry News and Global Travel Articles

Monday, May 08, 2006

Dhonveli beach leased for 67 million dollars

Sources in Male' confirmed that Hon. Abdulla Jabir, MP for North Huvadhu Atoll, has closed a deal with John Keells group of Sri Lanka to lease the resort island Dhonveli Beach for a record 67 million dollars. Technically a sub-lease of the resort for 15 years will net Jabir an initial payment of 24 million dollars and further an annual rent of around 3 million dollars thereafter.

Jabir has been a prominent supporter of Gayyoom and even ran for deputy leadership of Dictator's party. However, according to his associates, Jabir is extremely dissatisfied with the congress and election procedure of the congress and believes that Gayyoom rigged the votes during the election, something he had obviously mastered over the past 28 years.

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