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MTDC sells Niyama Maldives resort for USD 23.3 million

Maldives Tourism Development Corporation (MTDC) announced the sale of Niyama Maldives, the resort managed in the islands of Enbudhufushi and Olhuveli in Dhaalu atoll, for USD 23.3 million (MVR 359.2 million). In a statement, MTDC declared that its board of directors has decided to sell the chief lease rights of the resort to O Plus E Holdings Pvt Ltd, the resort’s developer and current operator. …

Maldives lease islands in two atolls

Maldives government has announced to lease a number of islands in the atolls of Baa and Alif Dhaalu.   In a notice, the fisheries ministry listed Veyofushi and Hirundhoo in Baa atoll, and Hiyafushi and Kudadhoo in Alif Dhaalu atoll to be put up for lease (Varuva). The ministry stated that interested leasers may submit their bid applications by August 15 from 8:30 a.m. …

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