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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. …

First resort in Hdh atoll will open next year

MTDC have said that the first resort in Hdh atoll will open next year. The resort is being made in Hdh Naagoshi. The MD of MTDC have said that، developing this resort his a high priority project for MTDC. MD Niyaz also said that، among the islands subleased by MTDC، the resort in Naagoshi is the one with most number of beds. He further …

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