Tumas Group bow out of Manoel Island Project

Steve Zammit Lupi

Tista' taqra bil- Malti.

A company statement issued by the Midi and the Tumas groups said that discussions between the two groups about the Manoel Island project were ceased. A company announcement sad that “by mutual agreement” both sides had decided that “the discussions between the parties in relation to Manoel Island have ceased. The Company [Midi] remains fully committed to the Manoel Island project and the development works will commence once the required planning permits are issued,” the statement read.

In 2018 MIDI Plc entered into a preliminary discussion with Tumas Group Company Limited to explore the possibility of establishing a joint venture with respect to the development of Manoel Island. 

Midi had been granted a 99-year concession in the late 90s to develop the island and Tigne point. The developers had planned to build a hotel at the historic Lazaretto, apartment blocks, retail outlets, yacht marina, helipad and public plazas.