IDC CEO Glenny Savy has announced that construction of a luxury hotel on Platte Island will commence in 2018. Feasibility study and environmental impact assessments have been done, and the project is expected to start once the planning authority gives its approval. The new hotel will have 50 to 60 rooms at a cost of around $70 to $75 million. The project will be carried out by a member of the Four Seasons hotel group with 80% of shares, with IDC holding the remaining 20%. The airstrip will be resurfaced as a part of the project. The land will be leased to the developer for 60 years and, at the end of that period, all infrastructure will revert to IDC.

“For those 60 years, they will pay rental for the leased land. We will sell them our services, such as flights and boat transport to carry fuel, equipment and merchandise to the island for which we get paid,” Mr Savy said.

Renovation work at Kingsgate House was completed in late 2016 and work now moves to the front of the building facing Independence Avenue in the centre of Victoria. Work is being carried out by Green Island Construction Company, a subsidiary of IDC. The entire building is receiving a facelift with aluminium cladding on all sides, new doors and windows throughout and retiling of the corridors.

In an article published in Seychelles Nation today, IDC CEO Glenny Savy comments on economic activities taking place at Astove, which has been opened up especially for fly fishing. Mr Savy remarked that Astove today boasts an increasingly popular fly fishing tourism with enthusiasts travelling from various parts of the world, including South Africa, Russia and USA.

"It is a very popular activity and enthusiasts are willing to pay a lot of money to be able to indulge in their favourite sport,” Mr Savy said.“It is another kind of tourism and this activity is not detrimental to the environment as the tourists are well-guided in this activity to ensure protection of the environment.”

IDC benefits from foreign exchange through guest house facilities rented out on Astove, plane charter and other services provided.  Mr Savy noted that prior to that Astove was being used for all sorts of illegal activities and its wildlife poached.