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An island resort in the Maldives Diamonds Thudufushi Beach & Water Villas, a luxury resort on Thudufushi, Ari Atoll in May 2017 Tourism Zone. Tourism is the largest economic industry in the Maldives, as it plays an important role in earning foreign exchange revenues and employing 25,000 people in the tertiary sector of the country.
The Maldives has experienced relatively low inflation throughout the recent years. Real GDP growth averaged about 10% in the 1980s. It expanded by an exceptional 16.2% in 1990, declined to 4% in 1993, and, over the 1995–2004 decade, real GDP growth averaged just over 7.5% per year.
The Maldives, [d] officially the Republic of Maldives, [e] and historically known as the Maldive Islands, is a country and archipelagic state in South Asia in the Indian Ocean. The Maldives is southwest of Sri Lanka and India , about 750 kilometres (470 miles; 400 nautical miles) from the Asian continent's mainland.
The economy of the Maldives is heavily dependent on tourism, with tour operators often based in Sri Lanka and packages including both countries. [ 14 ] In 2006 Sri Lanka Telecom and the Maldives state-run telephone company Dhivehi Raajjeyge Gulhun commissioned a US$20 million joint venture to lay an undersea fibre-optic cable connecting Male to ...
When the tourism boom in the Maldives began in 1972, the country was in need of an international standard airport to transport international tourists to the resort islands. The International Airports Authority of India successfully completed the construction of Hulhule Airport, which was formally inaugurated, on 11 November 1981, under a new ...
All these projects escalated the price of cement in the Maldives and led to the partnership between STO and Marine Cement Limited (a Swiss-based cement company owned by Lafarge of France and Blue Circle of United Kingdom) to form Maldives Island Marine Cement Pvt Ltd. The company was renamed Lafarge Maldives Cement Pvt Ltd in 2011, and with the ...
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