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A digest of news and opinion from the Maldives.

MTDC

Niyama Private Islands Maldives, Play, Chill

MTDC selling their resorts one by one, going bust

5 min read

The original Dhivehi article was published on Mihaaru.com website on 26th November 2017. The following is a loose translation: Maldives Tourism Development Corporation (MTDC), which was established to give every Maldivian the chance to invest and reap the rewards of Maldives tourism industry, first developed Seenu Atoll Herathere island resort, after not being able to […]

Aerial view of Anantara Kihavah Maldives in Baa atoll.

MTDC to sell Anantara Kihavah resort island

2 min read

Aerial view of Anantara Kihavah Maldives in Baa Atoll. Maldives Tourism Development Corporation (MTDC) has announced to sell its leasehold rights of Baa atoll Kihavah Huravalhi Island, where the resort Anantara Kihavah Maldives is operated. In a notice released Thursday, MTDC invited interested local and foreign parties to submit their bids before December 10. However, […]

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MTDC earns only MVR 4.6 Million in profits

1 min read

Maldives Tourism Development Corporation (MTDC), the company established by Maldivian Government to give form and structure to the development of tourism in the country, made a profit of merely MVR 4.6 million (US$ 301,638 (20109h 13m)) in the third quarter of 2017. This was 30.6% less than the previous quarter profit which was recorded at […]