‘If you can’t get it, don’t bother’: Maldives to pay for the first time in history travel agency stock
The Maldives government said it will pay a luxury cruise ship operator $15.6 million for its first-ever cruise to the island country, in a first for a foreign country.
The company will operate the Dream, a 1,300-meter-long luxury liner that will be built by a consortium led by China National Shipbuilding Corporation (CNNSC).
The deal will be announced Friday in Beijing.CNNSC was the lead developer of the Dream and is one of several Chinese-based cruise lines to win contracts to run cruise ships in the Maldives.CNN SC is expected to spend $6 billion on the Dream.
The Dream is scheduled to sail from Shanghai to the Maldive port of Kermadec on Aug. 27, 2019, and will be the first ship of its kind in the region.
The dream was first launched in 2014.
The Dream is a first-of-its-kind luxury cruise liner that is the first of its type to be built in the Indian Ocean.
It will sail from the port of Shanghai to Kermadc, Maldives, with a capacity of 1,000 passengers, according to CNNSC.
The company also announced that it will spend $3.6 billion for the port’s infrastructure and operations.
The deal includes the purchase of 10% of CNNSC’s stock, the company said.
CNNSC is also investing $3 billion to build the port and its infrastructure.CNN was not immediately available for comment.
The Maldive government said in a statement that it was in talks with CNNSC about purchasing the Dream cruise line.
CNN did not immediately respond to a request for comment on the deal.
In 2016, the Maldivian government signed an agreement with China National Shipping Co. to build and operate the cruise ship.
The deal was for $7.8 million and is set to be finalized in 2019.
CNN said it was not involved in the talks with the Maldiva government.