Tuesday, August 4, 2026
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MTDC Refutes Claims of Selling Islands Below Market Value

The Maldives Tourism Development Corporation (MTDC) has officially denied rumors suggesting the sale of head lease rights for Haa Dhaalu Naagoashi, Gaafu Dhaalu Magudhuvaa, and Baa Kihavah Huravalhi. The corporation clarified that no such discussions are currently underway and emphasized that no decisions have been made that would compromise the company’s ownership rights or assets. Furthermore, MTDC assured its shareholders that the information circulating in the media is inaccurate, reaffirming its commitment to transparency and legal compliance by pledging to disclose all necessary information through official channels as required by law.

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