Tourism industry generated $5.6 billion in 2024, resorts accounted for 83.6%
The Maldives’ tourism industry generated $5.6 billion in revenue last year, with resorts contributing 83.6% of the total, according to Ahmed Nazeer, Secretary General of the Maldives Association of Tourism Industry (MATI). Speaking at the 35th Annual General Meeting of MATI at Kurumba Maldives on Sunday, Nazeer highlighted the changes in the tourism sector over […]
BML launches Green Resort Financing with MVR 50m overdraft, 6.5% interest
Bank of Maldives has launched its Green Resort Financing, a facility designed to support resort investments in sustainable practices. Chairman of Crown and Champa Resorts, Hussain Afeef joined the Bank’s CEO and Managing Director Mohamed Shareef to launch the new financing facility during the Maldives Association of Tourism Industry’s (MATI) Annual General Meeting held Sunday. […]
Maldives central bank governor hints at possible reduction in mandatory dollar exchange
Maldives Monetary Authority (MMA) Governor Ahmed Munawar on Sunday indicated that the mandatory foreign exchange conversion requirement for resorts may be reduced in the future. Speaking at the annual general meeting of the Maldives Association of Tourism Industry (MATI) at Kurumba Maldives, the governor stated that such a change could take up to two years […]
Maldives Association of Tourism Industry holds 35th Annual General Meeting
The Maldives Association of Tourism Industry (MATI) held its 35th Annual General Meeting (AGM) on the 9th of February 2025 at Kurumba Maldives, with 111 members in attendance. The Annual General Meeting began with addresses from Chairman, Mohamed Umar Maniku and Secretary General, Ahmed Nazeer. The proceedings included a video showcasing the association’s 2024 advocacy […]
Maldives Association of Tourism Industry (MATI) holds its 34th Annual General Meeting
The Maldives Association of Tourism Industry (MATI) held its 34th Annual General Meeting at Kurumba Maldives today, with a total of 100 members in attendance. The day’s events began with a welcome address from the Chairman of MATI, Mr. Mohamed Umar, who also presided over the session. The agenda included an address from the Secretary […]
MATI holds 26th Annual General Meeting
Maldivian Association of Tourism Industry (MATI) held its 26th Annual General Meeting today at Dharubaaruge.
