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News & Event
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| Overview |
Fathuru Maldives Plc. is a joint venture company between Maldives Tourism Development Corporation [MTDC] and the public. MTDC owns 51% and the Public owns the balance 49% of the company. The Company has been formed by an initiative from MTDC, with the objective of sharing the benefits of resort development and ownership across the Maldives, giving an opportunity for the Maldivian middleclass to have a greater share in the exciting tourism industry which has seen tremendous growth since its beginning back in the seventies.
The initial project of Fathuru Maldives includes the development of Vodamulaa in Gaafu Alifu Atoll. The primary concept is to develop a 3-4 star rated resort, with approximately 300 beds, targeting this high demand market.
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| Our Vision |
| To be a leading Public Company in the Tourism Industry that only Maldivians could invest and share in this rapidly expanding industry and enjoy the benefits of growth and, develop a local brand that all Maldivians can partake |
| Our Mission |
| Fathuru Team will stride and strive responsibly to thrive and yield maximum benefits in the best manner possible to exalt “Maldivians”. |
| Our Commitment |
| We ensure that Fathuru developments will be sustainable, socially, economically and environmentally, and the Managements shall practice corporate governance in all aspects of the Company’s operations, promoting corporate fairness, transparency and accountability to “Maldivians”. |
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