Mohamed Raaidh has been appointed as the Managing Director
of Maldives Integrated Tourism Development Corporation (MITDC).
MITDC was established in 2016 to gather investments for
tourism initiatives. MITDC is a 100% Maldivian Government SOE mandated to
support and to foster the development and growth of the mid-market segment of
the Tourism Industry. The primary goal is to bring economic growth to the
nation by expanding the possible avenues of the tourism sector through the
systematic and planned development of integrated tourism in this industry.
In contrast to the traditional one-island-one-resort concept
adopted by the current resorts where all the services are provided by a single
operator, MITDC intends to involve several business operators to provide
various services such as guesthouses, community centres, spas, restaurants,
water sports, theme parks, etc. This is mainly to promote involvement and
revenue to the local businesses. Additionally, it is MITDCs priority to involve
the contribution of the local community in the tourism sector and essentially
increase the economy of the community.
The Privatization and Corporatization board has confirmed
Raaidhs appointment.
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