About Us

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Our core values are the enduring tenets and what guides us and unites us. In every business transaction, we will;

Protect the interest of our shareholders at all times

Be open minded and transparent

Challenge the status-quo

Be caring, respecting and recognizing individual ability

The government has leased 9 islands to MTDC for resort development. 8 of the 9 islands were initially leased for development. Each of the 9 leased islands is unique not only in size, shape, natural features, and beauty but also in terms of development.

The future, Now.

Tourism in the Maldives is one of the most lucrative businesses in the region. Since its humble beginnings in 1972, the Maldivian tourism industry has grown to become a global leader. The current industry boasts international properties and operations such as Hilton, Six Senses, Four Seasons, and One and Only among others. There still remains a huge demand within the community to create the means to allow individual Maldivians to invest and participate in the industry and its extraordinary ROI, thus making MTDC as necessary as it was during the company’s inception.

Investor Relations

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Our core purpose is to ensure that the investments yield the highest returns which will maximise the wealth of our shareholders.

Our projects aim to enhance the country's tourism infrastructure, improve visitor experience, and preserve its natural beauty, which in turn, can lead to potential returns on your investment

Providing direct benefits of the tourism industry to citizens

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Today, MTDC have established mutually rewarding business relationships with strong and influntial players in the world tourism industry. Of the three ongoing resort development projects, two resorts are being operated under the sublease model while one is to be developed under a joint venture.

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Mr. Abdulla Faiz was first appointed as a director of the board of MTDC representing the government, on 6 th  February 2019. He went on to be appointed as Chairman of the board on 13 th  February 2019. Mr. Faiz completed his Master of Business Administration (MBA) from the Australian Institute of Business (Australia).

He has also been a life member of the Chamber of Commerce and Industry of SAARC since 2001. Additionally, he is a founding member of the Maldives National Chamber of Commerce and Industry, Maldivian Traders Association, Maldives Association for Construction Industries as well as Restaurant Association of Maldives. 

He has also served in the position of Chairman of the Board of State Trading Organization (STO), Managing Director of ADK Shipping and Trading, Company Director to the Chairman of Villa Trading Company as well as Secretary General of the National Chamber of Commerce.

މި މެޗުގައި، ބަދަލަކަށް ކުޅެން އެރި ޖަރުމަނުގެ ފްލޯރިއަން ވާޓްޒް ލަނޑެއް ޖެހި ނަމަވެސް ރެފްރީ ވަނީ އޮފްސައިޑް ކަމަށް ނިންމައިފަ އެވެ. އޭގެ ފަހުން، ކައުންޓަ އެޓޭކުގައި ހަވާޓްޒް އަށް ލިބުނު ފުރުސަތުގައި ޖެހި ބޯޅަ ޑެންމާކްގެ ކީޕަރު ކެސްޕާ ޝްމައިކަލް ވަނީ މަތަކޮށްފަ އެވެ.

Mr.Abdulla Faiz

Mr Ahmed Niyaz joined MTDC on 5 th November 2007. He attended Cardiff Metropolitan University where he completed his Masters of Business Administration. Moreover, he completed a Diploma in Directorship from Singapore Management University’s Institute of Directorship.

Furthermore, he also has a Bachelors in Economics, Political Science and Sociology. Mr Ahmed Niyaz also has a Diploma in School Management and had spent over 10 years in the education sector, where he was a Headmaster of multiple schools in the
Atolls.

Aside from the above mentioned educational qualifications Mr Niyaz has completed multiple short courses in both Maldives and abroad in areas such as Project Management, Leadership training and Director’s training.

Mr. Ahmed Niyaz

Mr.Hussain Haneef was appointed to the Board on 25th December 2023 to represent the government. Mr. Haneef completed his first Degree in the field ofEconomics, Political Science and Sociology. He also completed a Diploma in School Management after which he served as Headmaster to some schools within the atolls. .Mr. Haneef served as the Deputy Minister of Education from 2013 to 2018.

Mr. Hussain Haneef

Ms. Asamy Rushdy, a professional with extensive experience in finance, procurement, and business development, was first appointed to the Board of the Maldives Tourism Development Corporation (MTDC) on 30th June 2019, as a representative of the public shareholders. Her appointment reflects a strong commitment to enhancing corporate governance and contributing to the growth of national institutions. Ms. Asamy holds a Master of Business Administration, equipping her with in-depth knowledge of business management and strategic operations. Her distinguished career at the Bank of Maldives, spanning nearly two decades from 2004 to 2023, underscores her dedication and contributions to the nation’s premier financial institution. During this time, she held various roles that supported the bank’s continued success and operational excellence. In addition to her financial background, Ms. Asamy brings over 12 years of hands-on experience in procurement and supply chain management. Her expertise in this domain is further recognized through her membership in the Chartered Institute of Procurement & Supply (CIPS), an internationally respected credential in the field. Currently, Ms. Asamy serves as the Head of Business Development at Maldives Haj Corporation, where she continues to lead initiatives focused on strategic growth and innovation.

Ms. Asamy Rushdy

Mr. Ibrahim Bassam Saeed joined the Board of the Maldives Tourism Development Corporation (MTDC) on December 26, 2023. With a solid
track record in business development and strategic consulting, Mr. Bassam brings a results-driven perspective to the corporation.
He holds a Diploma in Business Administration from Segi College, Malaysia, obtained in 2010, equipping him with a strong foundation in
core management principles and business operations. Throughout his career, Mr. Bassam has demonstrated a keen ability to identify growth
opportunities and implement effective strategies across various sectors. From 2016 to 2020, he served as Business Development Manager at Redleaf Pvt Ltd, where he was instrumental in driving the company’s growth and expansion efforts. He later took on the role of Consultant at Villa Trading Pvt Ltd in 2021 to 2022, where he provided strategic business guidance and played a key role in operational enhancements and decision-making processes.

Mr. Ibrahim Bassam Saeed

Ms. Aminath Azlifa, a highly qualified and experienced professional, was appointed as a director of the MTDC Board of Directors on 09th June 2022, representing the public shareholders.
Ms. Azlifa, with a diverse educational background in business management, information technology, and marketing, brings a multidisciplinary perspective to her role. 
Azlifa’s academic achievements includes, Masters of Business Administration, Bachelor’s of Business Administration from the University of Business and International Studies, Geneva, Switzerland, Associate Degree in Business Marketing and also a Diploma in Information Technology, reflecting her commitment to continuous learning and professional development. Ms. Azlifa has further enhanced her skills through various short trainings conducted by the Civil Service Commission (CSC) and other agencies, including the Directors Training Program conducted by the Capital Market Development Authority (CMDA). Additionally, she has completed numerous trainings abroad related to corporate governance, leadership, management, and finance, highlighting her dedication to excellence in leadership, management, and governance practices. With twenty (20) years of management experience across different agencies, Ms. Azlifa currently serves as the Director at the National Bureau of Classification (NBC) and as the Managing Director/CEO of Galactic Private Limited and Executive Director of Maldives Real-estate and Construction Pvt. Ltd. (MARECO). Her wealth of experience and expertise in management and leadership makes her a valuable asset to MTDC Board, where she contributes to the strategic direction and success of the organization.

Ms.Aminath Azlifa

Ms. Minna Rasheed was elected to the Board of the Maldives Tourism Development Corporation (MTDC) on July 21, 2024. She currently serves
as a Superintendent at the Maldives Customs Service, where she heads the Strategic Management Section. Over the years, Ms. Minna has built a distinguished career in customs administration, serving in a wide range
of roles including at the Customs Academy, Harbour Clearance, Post and Express Consignment, Tariff and Statistics, and the Valuation and
Procedure Section.
She holds a Master of Science in Maritime Law and Policy from the World Maritime University in Sweden, and a Master’s in Business Administration
with a major in Financial Management from Karnataka State Open University, India. Her academic and professional experience equips her with a well-rounded perspective in both
strategic governance and operational execution.
Ms. Rasheed has also contributed significantly to the development of human capital within the Maldives Customs Administration and other government institutions through teaching, mentoring, and training programs. Her strong
leadership, vision, and focus have played a key role in driving innovation and reform within her field.

Ms. Minna Rasheed

Ms. Aishath Leeza was appointed as a Director of the board on 9th June 2022 representing the public shareholders. She hold Masters of Business Administration (MB) from Cardiff Metropolitan University and received President Award for outstanding Academic excellence in 2015. She is also a PhD candidate at University of Peradeniya (PGIA).

She worked as a lecturer for 7 years in Maldives National University (MNU) and former Management Department head at MNUBS. She has presented her Research work in number of conference as well.

Ms.Aishath Leeza

Mr. Ibrahim Latheef was elected to the board representing the public on 2nd March 2023. 

Mr. Ibrahim Latheef holds a Master of Business Administration (MBA) from the Open University of Malaysia and did his  BA (Hons) in Marketing from the University of Hertfordshire, Hertfordshire, United Kingdom. He is a chartered quality professional from CQI-IRCA and holds a Six Sigma Green Belt from the Six Sigma Management Institute. He was also a chartered marketer and a Fellow member of the chartered institute of marketing.

Mr. Latheef is a General Manager of Maldives Transport and Contracting Company Plc and led various divisions, including Human Resources & Administration, Transport and Logistical Operations.

Mr. Ibrahim Latheef

Mr Ibrahim Latheef who has completed his Association Certified Chartered Accountants (ACCA) joined MTDC on 22 December 2011 as a Financial Analyst. He was promoted to Finance Manager in the year 2014, April 20 th . On April 24 th 2016 Mr Latheef was made the Acting Chief Financial Officer. And on 21 st May 2017, Mr Latheef was appointed as the Chief Financial Officer of MTDC.

Mr. Islah Shareef is a dedicated professional with a strong background in business administration and has been a key member of the Maldives Tourism Development Corporation Plc (MTDC) since 14 May 2006. Holding both a Diploma and a Degree in Business Administration, he brings over 19 years of work experience to his role as General Manager of Corporate Affairs at MTDC.
Throughout his tenure at MTDC, Mr. Islah has made significant contributions to the Corporation's business operations. As a senior executive team member, he has played a pivotal role in major initiatives, including providing essential support for MTDC's resort development projects and the establishment of its corporate head office operations.
Moreover, Mr. Islah was instrumental in facilitating MTDC's transition to a publicly listed company, offering invaluable administrative support to ensure a smooth and seamless process. His commitment to excellence and steadfast dedication to MTDC's goals have established him as a vital contributor to the Corporation's ongoing success.

Mr. Islah Shareef

Ms Thahany Shihab, who holds a Bachelor’s Degree in International Business and Marketing, joined MTDC on 1st April 2007. Since then, for the past 14 years she has been contributing and serving the company.

Ms. Fathimath Thahany Shihab

Mr. Fizan Abdulla has been with MTDC since November 21, 2006. He brings with him more than 15 years of experience in the field of Finance and Accounting. Prior to joining MTDC, Mr. Fizan worked in Maldives Airports Company Limited (MACL). He did a Bachelor’s Degree in Accounting and Finance from Maldives National University, and a Master of Science in Accounting and Financial Management from the University of West England.

Mr. Fizan Abdulla

Mr. Mohamed Shaameen joined the Maldives Tourism Development Corporation (MTDC) on February 13, 2024, bringing with him a wealth
of experience and expertise in business operations. As General Manager of Operations and Monitoring, he has already begun to make valuable contributions to the organization’s strategic objectives. Mr. Shaameen’s four years of experience at Atoll Market Pvt Ltd have
allowed him to refine his skills in optimizing business processes and enhancing operational efficiency. His track record demonstrates
a strong ability to drive strategic planning, manage teams effectively, and implement process improvements that contribute
to organizational success. 
He holds both a Master of Business Administration (MBA) and a Bachelor of Business Administration (BBA) from the University of Allahabad, which further underscores his commitment to excellence in business management and leadership.
Mr. Shaameen’s results-focused approach and dedication to operational excellence align perfectly with MTDC’s goals, and his addition to the team is expected to further strengthen the company’s operational capabilities.

Mr.Mohamed Shaameen

Ms. Fathimath Liusha joined MTDC on 12th May 2025 and holds the position of Company Secretary in charge of the Company Secretariat Function of the Company. Prior to joining MTDC, Ms. Liusha has served as Company Secretary at major state-owned enterprises, including Male’ Water and Sewerage Company and Maldives Transport and Contracting Company Plc. Ms. Fathimath Liusha holds a Master’s Degree in Business Administration from the Open University Malaysia and a Bachelor of Arts (Hons) Degree in International Business Administration from University of Northumbria Newcastle, UK.

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