The State Trading Organization (STO), the largest state-owned enterprise (SOE) in the Maldives, has announced plans to develop a 25-story multi-purpose establishment. This ambitious project aims to enhance the company's... read more →
The Maldives Transport and Contracting Company (MTCC) reported a significant revenue decline in the second quarter of this year. According to their quarterly report, MTCC earned MVR 497 million in... read more →
The Maldivian government, led by Minister of Homeland Security and Technology Ali Ihusaan, announced plans to maintain a cap on expatriate workers while introducing amendments to the Employment Act for... read more →
Beijing, China - On July 23, 2024, the Governments of the Maldives and the People's Republic of China signed a Letter of Exchange in Beijing to conduct a feasibility study for... read more →
Construction on Magoodhoo Airport has resumed after a significant delay, according to Magoodhoo Island Council President Abdulla Waheed. The project, managed by the Maldives Transport and Contracting Company (MTCC), is... read more →
In a concerted effort to bolster vocational education and practical skills development, the Ministry of Higher Education, Labor and Skills Development, Maldives Polytechnic, the Maldives National Skills Development Authority (MNSDA)... read more →
Kaafu Atoll, Maldives — The luxurious Villa Nautica Paradise Island Resort, one of the oldest and most renowned resorts in the Maldives, is set to undergo a significant renovation. The renovation... read more →
In a significant policy change, individuals are now permitted to submit multiple bids for acquiring industrial land in Thilafushi, marking a departure from the previous single-bid restriction. This adjustment aims... read more →
Male', Maldives – July 15, 2024: Minister of Construction and Infrastructure Dr. Abdulla Muththalib announced on Monday that the majority of development initiatives undertaken by Fenaka Corporation during the previous administration... read more →
The Maldives, renowned for its pristine beaches and crystal-clear waters, has become a prime destination for luxury resort development. The island nation’s government has actively promoted the expansion of its... read more →