by Abdulla Yasir - a Tourism Strategist
Friday, September 10, 2010

Latest Blog Entries
Why do you think there is no clear answer to the issue of 50 year lease?   

I stumbled upon Abdulla Waheed's blog post on 'Raising the resort tenure limit to 50 years'. As I read it, an array of thoughts ran through my mind. I did not want to transpose them into readable texts unnecessarily but I inserted a comment as follows.

Why do you think there is no clear answer to the issue?

Islands are a national asset and they must be kept so well into the future. At given frequencies islands must be returned and retired. The government can then re-lease the islands for good and able entrepreneurs at the time. In 35 years, as it now stands, the owner (leaseholder) would have made a handsome return on his investment and it is reasonable for the government to provide the opportunity to someone new. For changing hands 35 years is thus a very good period / frequency.

Important rules to remember in assigning lease of islands are (a) to preclude those with valid lease agreements with more than 5 years remaining in contract and (b) existing contracts must be stripped off instantly from those who purport new leases through use of alias.


By admin on Sunday, November 30, 2008
Get active and do something. Do not just accept the status quo.
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