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Maldives Tourism Development Corporation, MTDC, hopes to hold its first general meeting within the next two months, press reports in Male' said.

Reports quoted the company's Managing Director, Mohamed Solih, as saying that MTDC's general meeting was keenly anticipated by several interested parties.
The company is required by the Registrar of Companies to hold its annual general meeting within 18 months of its incorporation last April.
The 600-bed resort, Herethere, being developed by MTDC is scheduled to open later this year.

Italy retains the top position as market performer for Maldives tourism with 24% share in figures for January this year released by the Tourism Ministry.

Overall growth in January this year compared to January 2006 was about 11% with the traditional markets of the UK, and France also showing positive growth.
The other traditional markets of Germany, Japan and Switzerland registered negative growth compared to January last year.
Chinese arrivals also fell in January this year compared to the same period in 2006, compensated to some degree by increases in arrivals from Russia (56%) and Korea (205%).
Of the major markets, the healthiest growth was from the UK with 28% growth in January this year compared to January last year.
Arrivals from Europe increased by 11.5% during the period.

Developers of tourist city hotels on the islands of Fua Mulah and Hankende have been fined by the Tourism Ministry, for failure to perform to requirements in their lease agreements with the government, local media reports said.

Each company was fined US$ 2500, the Tourism Ministry was quoted as saying 

The sub-lease, transfer or sale of rights to an island leased for resort development even before the completion of construction is possible under the law, the Tourism Ministry had been advised by the Attorney General, local media reports said.

It is also within the law for developers of islands to enter into management arrangements with other parties before completion, according to the Attorney General.
Media reports said the Tourism Ministry had sought legal opinion on these issues in relation to article 12 of the Maldives Tourism Act. 

International flights will begin this year to Addu, the southernmost atoll of the Maldives, President Maumoon Abdul Gayoom revealed in a speech at the opening of the parliament last week.

This would enable tourists to fly to Addu Atoll directly from Europe, Mr Gayoom said . The President also said that one of the most important objectives of the country’s tourism policy was to introduce tourism to every atoll in the country and to extend benefits of tourism to the greatest possible section of the population. 


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