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The Islands Development Company (IDC) of Seychelles launched expressions of interest for both foreign and local investors to present plans for tourism establishments on Seychelles’ islands of Coetivy and Assumption. IDC has now acquired a lease from the government and as it is developing the island that there would be a symbiotic relationship between tourism development and the agricultural development that will take place on Coetivy.
The Islands Development Company (IDC) of Seychelles launched expressions of interest for both foreign and local investors to present plans for tourism establishments on Seychelles’ islands of Coetivy and Assumption. IDC has now acquired a lease from the government and as it is developing the island that there would be a symbiotic relationship between tourism development and the agricultural development that will take place on Coetivy.
Coetivy is a great site for tourism development, something similar to Desroches Island, so this is primarily the reason why IDC is to develop something on Coetivy in tourism. IDC plans for a 50-bedroom to 100-bedroom hotel to be built on the island. Meanwhile, IDC has relaunched prawn production on Coetivy Island, which is expected to become one of the leading local contributors to Seychelles’ blue growth agenda.
Assumption Island, which is to serve the Aldabra Atoll is one of the Seychelles’ UNESCO World Heritage Sites, as the atoll’s policy does not permit such a development to take place there. Aldabra would not survive without the operations on Assumption where there is a base where planes land, among the many activities carried out by IDC. The idea is to try and develop a small centre on Assumption, which will be able to receive guests, who can then transit to Aldabra.IDC.IDC launched an expression of interest for the construction of a 10-bedroom to a 40-bedroom hotel to cater for up to 90 persons for day trips to Aldabra and to return to the semi-deserted island to sleep over. Assumption Island is very far away from here (Mahe) and it costs IDC $768,000 every year to upkeep the island. The project on Assumption will allow IDC to reduce its operating overheads and cost on the island and it will open Aldabra to a lot more people than there are today and bring in more revenue.
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It was also revealed that the development plans on Coetivy will be comprehensive with farms and vanilla productions, in view that Astove and Cosmoledo islands are also not too far for the clients of the prospective hotel on Assumption to visit. Now that the expression of interest has been launched, investors will have six months to submit their initial plans, and it may take 24 to 30 months to complete the project – including its construction.
