Tourism / Maldives
Tourism in the Maldives offers a diverse portfolio of investment
A premier capital management firm takes key capital stakes in the Maldives tourism industry
In this country of 394,000, distributed over 200 inhabited islands, the main economic lifeline relies on contributions from tourism, which recorded over 1.2 million arrivals in 2014. However, in everyday life the hurdles in logistics and transport pose great challenges in sustaining successful business operations in this geographically dispersed island nation.
Millennium Capital Management (MCM) is a capital management firm led by its chairman Mr. Hamid Ismail, whose vision has enabled MCM to be among the best-diversified investment portfolios in the Maldives. At present, MCM has over 1,000 associated staff, a combined worldwide dealership of 45 brand agencies and 16 subsidiaries and affiliate companies.
Covering a wide spectrum of industries, MCM is well positioned to identify key investment opportunities within the tourism sector of the Maldives. The portfolio currently includes boat building, sea transports, trading, healthcare, and MCM has secured several private islands licensed to be developed as luxury resorts. While some of them have direct speedboat access from Malé, others have the privilege of a private marina or a private jet airport.
Chairman Hamid Ismail believes that recent cooperation agreements between China and the Maldives will boost further opportunities. He said, “China is helping us to develop parts of the Maldives. We want to grow with China and join the Silk Road.”
