The Government of Maldives under its economic agenda, has ambitious targets for development of tourism sector, with the target of increasing bed capacity by 35,000 over the next 5 years. This requires huge investment, and as such the Government must play an active role in facilitating capital-market solutions for the private sector. This initiative, aims to expand the role of private sector investment in the economy, as well as providing a platform for international investors to gain a diversified exposure to lucrative opportunities for investment in Maldives tourism.
MFMC is in the process of registering the Maldives Tourism Development Fund (MTDF) with the relevant regulatory measures. Following all formalities, the fund will evaluate and identify investment opportunities in the Maldives tourism sector as per the Investment Policy Statement of the fund. The fund’s investment style will comprise of making direct equity investments in luxury tourist establishments, city hotels, guesthouses, tourist vessels and other commercial, hotel, real property assets in Maldives. Furthermore, this will include greenfield development projects, distressed assets and operating assets, and the fund will make investments in the form of private equity finance, mezzanine financing, and structured debt instruments.
As fund manager, MFMC will be evaluating investment opportunities in the Maldives tourism sector, and may announce a call for expressions of interest for the private sector.