MTDC Refutes Reports of Selling Magudhuvaa Island
MTDC denies rumors regarding the sale of Magudhuvaa island's head lease to the current resort operator, Ahmet Aydeniz Company.
Ahmed Niyaz Dismissed as MTDC Managing Director
The Privatization and Corporatization Board has removed Ahmed Niyaz from his position as Managing Director of MTDC, effective immediately.
MTDC to Develop New Resort to Bolster Financial Growth
MTDC prepares for a new resort development project following a record net profit of over MVR 30 million, signaling a strong financial recovery.
