Maldives Tourism Development Corporation

Maldives Tourism Development Corporation (MTDC) PLC was formed to share the benefits of resort development and ownership across Maldives, allowing Maldivians to participate in the exciting tourism industry. MTDC is committed to ensuring its developments are sustainable; socially, economically and environmentally. MTDC adheres to the Corporate Governance Code which underlines all the principles of the Company, promoting corporate fairness, transparency and accountability to its owners. MTDC Is a responsible company that strives to be result-oriented and profit-driven to ensure that the shareholders receive the maximum benefits to give “Fathuruveri kamuge nafaa emmenah”.


Sublease of Baa Kihavah Huravalhi to Minor Hotel Group Maldives (a Thail listed company) to operate as a resort. Sublease of Gaafu Dhaalu Magudhuvaa to Ahmet Aydeniz (a Turkish company) to operate as a resort. Joint Venture Partnership with a Dubai based Company RAW Galadari Holdings for the development and operation of a tourist resort in Naagoashi island in Haa Dhaalu Atoll and subsequent Sublease Agreement between MTDC and RAW Galadari for the same.