Yameen sets up new tourism firm
The Maldives Integrated Tourism Development Corporation is aimed open up the Maldives’ lucrative tourism sector to small and medium businesses, the president’s office said.
14 Aug 2016, 9:00 AM
President Abdulla Yameen set up today a new state-owned enterprise to open up the Maldives’ lucrative tourism sector to small and medium businesses.
The Maldives Integrated Tourism Development Corporation is “aimed at enhancing tourism sector gains and promoting participation of small and medium sized businesses in the sector,” according to a statement by the president’s office.
Ibrahim Muaz Ali, the president’s spokesman, had no further details.
Previous government-led attempts at opening up the US$2.5billion industry to the public and other businesses has had little success so far.
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