The Maldives will begin the construction of a luxury resort, a beach resort, and a luxury hotel on the island of Sumatra that will feature swimming pools, villas, a spa and a restaurant.
The resort will be named for the island’s first and only king, who was killed in 1799, and the resort’s owners plan to turn it into a resort and luxury hotel.
The owners of the resort, who will also be making major renovations to the existing villas and villas’ swimming pools are calling the project a cultural milestone and a way to mark the end of a turbulent time for the Maldives.
In January, a court convicted the owner of the Maldivian National Bank, Mohamed Nasir, for illegally siphoning off funds and siphoning profits from the bank’s operations, which resulted in a loss of $2 billion in the Maldive economy.
He is serving a prison sentence of 20 years.
The government in June launched a series of economic sanctions against the country’s wealthy, who are seen as a major source of foreign investment in the country.
The country’s tourism industry was already struggling due to a lack of investment and foreign visitors.
But with the economic sanctions, the country is now facing the threat of an economic collapse.