The largest government-public tourism company, the Maldives Tourism Development Corporation (MTDC), has launched its new logo and website.
The company launched its logo and website at a ceremony held at Kurumba Maldives on Wednesday night. In addition to launching the office's new brand, the construction of the company's new office building was also inaugurated at the ceremony. The office project was initiated by Foreign Minister Abdullah Shahid.
MTDC's new logo, website, and office building project were launched to coincide with the company's 15th anniversary.
MTDC signed the agreement with HDC on May 30 last year to buy 7,000 sqft of land near Amin Avenue in Hulhumale' to construct the company's office building. The construction of the office building will begin in the second quarter of this year, MTDC has said.
MTDC currently earns the highest revenue from Anantara Kihavu Resort, developed in B. Kihavah, Ayada Maldives resort in GDh. Magudhuvaa. Anantara is operated by Maina International under a sub-lease agreement with MTDC, while Ayada is run by Turkey's Ahmet Aydeniz.
MTDC, which has a 47 percent government and 53 percent public stake, is preparing to start the development of HDh. Naagoashi under a joint venture agreement with Dubai-based R.A.W Galadari. The joint venture, of which R.A.W Galadari has an 85 percent stake and MTDC a 15 percent stake, will develop the island as a 1,600-bed resort.
MTDC's Managing Director, Tazmeel Abdul Samad, said the resort development project would be completed and put into service next year. Although MTDC does not operate a resort directly at present, the company has the capacity to operate a resort, he said.
"The 230-bed resort will be developed with all the modern facilities to cater to all categories," he said.
MTDC posted total revenue of $7.3 million -- MVR 113.2 million -- last year. MTDC owes the government $13.5 million -- MVR 208 million.
