L e a d i n g
C o m p a n i e s 2 0 1 6
o f
M a l d i v e s
MANAGING DIRECTOR Akhmeem Abdul Razzaq CHIEF OPERATING OFFICER Dr. Hussain Sunny Umar CREATIVE DIRECTOR Nashaath DIRECTOR Ibrahim Areef DIRECTOR Mohamed Hursheed DESIGN & ART DIRECTION CREATIVE TUNA Moothi Zayana Ahmed MARKETING & PUBLIC RELATIONS Ruba Ali Fathmath Maishaan Ismail Mushaan CONTRIBUTING WRITERS Shifneen Rasheed Dhaha Shuaib PRINTING PARTNER M7 Prints WEBSITE www.corporate.mv
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PRODUCED & PUBLISHED BY
ENDORSING PARTNERS
Corporate Maldives GOLD 100
Note by Publisher Welcome to the first Issue of “Gold 100” Magazine, the annual listing of the leading 100 companies in the Maldives, published by Corporate Maldives. “Gold 100” is the first initiative of its kind in the Maldives which will provide a listing, categorized by industry, along with profiles of the leading 100 businesses in the country. This listing is not intended to rank businesses, but is devised to be a selection of the leading business entities in the country. As such, the list is published in alphabetical order, and based on criteria ranging from scale of operation, success and innovativeness to Corporate Social Responsibility (CSR) efforts and compliance with laws. This magazine will be distributed to all businesses in Maldives, and also at leading international trade fairs. In order to make the selection completely transparent and unbiased, CTL Strategies LLP, a leading tax advisory firm in the Maldives was appointed as an independent advisory consultant for criteria evaluation of “GOLD 100”. “GOLD 100” companies are awarded at “GOLD 100 GALA” which is an invitation-only networking event held annually, bringing together top executives of the Maldivian business community. Corporate Maldives also awards the Lifetime Achievement Award to recognize visionary business leaders who have made significant contributions to the Maldivian business community as well as the overall community in general. This year, our Lifetime Achievement Award is presented to Mr. Mohamed Umar Maniku and Mr. Hussain Afeef, two entrepreneurs who pioneered the development of the tourism and hospitality industry of Maldives. The instrumental role that these two esteemed gentlemen have played and continue to play in the evolution of tourism, trade and several other key industries in the Maldives makes them invaluable to the country as a whole. This initiative would not have been possible without the support of our partners, and we would like to take the time to thank our partners for their trust and confidence in our team to deliver on this initiative. It is our hope that “GOLD 100” will help Maldivian businesses grow, expand and find new opportunities both locally and internationally. Thank you, Akhmeem Abdul Razzaq
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Corporate Maldives GOLD 100
Dr. Azeema Adam
FOREWORD BY THE
Governor The “Gold 100” magazine is an excellent and welcome initiative that presents a combination of recent economic developments in the Maldivian economy and at the same time, showcases the profiles of leading businesses. I am confident that the listing will be seen as an incentive for all businesses to gear up their innovativeness and efficiency. The “Gold 100” will serve as a creative instrument to reward innovativeness in Maldivian businesses. The Maldivian business climate will benefit significantly from an increase in compliance with the corporate governance code, and will transform for the better should more businesses opt to finance their businesses through the capital market. The economic developments presented in “Gold 100” are a valuable complement to the publications of institutions, such as the Maldives Monetary Authority. This will hopefully help to invigorate the much needed culture of shaping evidence-based policy and data-driven decision making among businesses. I wish to congratulate the Corporate Maldives for taking this initiative, and applaud them for the admirable contribution they have made to the Maldivian business community. .
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CTL Strategies
A WORD BY
Advisory Partner CTL Strategies LLP is proud to be a part of this historical award and is honored to be invited as the official evaluators of Gold 100. The applications for Gold 100 were independently evaluated by three evaluators from CTL against a published selection criterion. All applications received were reviewed and only businesses that met the basic selection criteria were considered for evaluation. All data provided by the applicants were declared to be true and correct, in addition to which the evaluators carried out checks to ensure the veracity of the data provided in the application form. In order to ensure the evaluation was carried out in an objective and consistent manner, an additional third party evaluator reviewed the methodologies used by the evaluators and their application of the criteria.
Corporate Maldives GOLD 100
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NOTE BY PUBLISHER
THE MALDIVIAN ECONOMY IN 2016
5 FOREWORD BY THE GOVERNOR
6 A WORD BY ADVISORY PARTNER
Tourism Sector
09
Fisheries Sector
11
Construction Sector
12
Central Government Finance
13
Financial Sector
16
Telecommunication Sector
20
Health Sector
22
Aviation Sector
23
Education
26
27 LIFETIME ACHIEVEMENT
29 GOLD 100 COMPANIES
The Maldivian Economy in 2016
By: Shifneen Rasheed Dhaha Shuaib
THE MALDIVIAN ECONOMY IN
2016
The year 2016 was a year of ups and downs for the Maldivian economy.
While some sectors experienced
lackluster growth within the year, developments in other major sectors such as the construction sector were impressive. According to the quarterly GDP statistics for the first two quarters of 2016, the overall performance of the economy looked robust with an average growth of 5.4%. However, tourism sector growth, which accounts for the lion’s share of the country’s economic growth fell below expectations owing to weaknesses in the global economy. Despite this, growth was largely propelled by a robust expansion in the construction sector.
Overall economy growth was propelled by the expansion of the construction sector.
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Corporate Maldives GOLD 100
TOURISM SECTOR Various promotional activities were carried out across the globe under the campaign flag “Visit Maldives year 2016.”
Over the past two years, the performance of the tourism sector has been less than ideal, with arrival growth experiencing a loss of momentum. This was amid weak global economic conditions, resulting from the slowdown in
the
Chinese
economy,
the
persistent
economic
recession in Russia and uncertain conditions in the euro area economies. Tourist arrivals to the country grew at a mere 2.4% during 2015, down from 7.1% the previous year. Annual bednights growth dipped to -4.3% with a reduction in average duration of stay by the tourists. Given these worrisome statistics, the key stakeholders of the tourism sector of the Maldives set out on a mission to boost the number of tourist arrivals in 2016, under the campaign flag “Visit Maldives Year 2016”. The main aim of the campaign was to achieve a tourist arrival target of 1.5 million within the year 2016. Under this campaign, various
Tourist arrival growth improved
activities were carried out in different parts of the globe to showcase the beautiful island nation as an ideal travel and holiday destination. These activities included participation in various travel fairs, exhibitions and road shows in key
2.4% in 2015
source market countries such as China, India, Russia and other European countries. The highlight event of the year took place at the “World’s Leading Travel Trade Fair” ITB Berlin, held in Germany from 9 to 13 March 2016, where Maldives received the honor of being the official partner host country. The Maldives was thus the main focus of
4.2% in 2016
the event and was showcased to the core source markets, especially to the European segment. These tireless efforts at improving the tourism sector were rewarded at the end of the year, as the annual arrival growth accelerated to 4.2%. The Maldives celebrated the arrival of their one millionth tourist on 16 October 2016 and the total count reached 1.3 million by the end of the year. Annual bednight growth also picked up, registering 2.3%, despite the average duration of stay dipping slightly to 5.5 days from 5.7 days the previous year. The occupancy rate
The Maldivian Economy in 2016
of the industry also fell slightly to 68% from 69% in 2015. This could be due to an increase in the operational bed capacity of the industry. Furthermore, the resort sector that makes up over 90% of the tourism industry experienced a whopping 74% occupancy rate, with 11 new resorts springing up during the year. Meanwhile, the flourishing guesthouse sector which has been making its mark in the industry since 2008, recorded an occupancy rate of 29%. In the last few years, the guesthouse sector of the industry has made the luxurious sun-sand-sea destination more accessible and affordable to tourists worldwide. The sector
1.3
MILLION TOURISTS IN 2016
has made remarkable progress since its inception and it now aims to double its arrivals to 500,000 by the end of 2020. The stakeholders of the industry also made history in 2016 by holding the very first guesthouse sector conference named “BML Guesthouses Maldives Conference”. The conference was a successful networking event that brought together 160 guesthouse representatives in addition to leading domestic and international travel agents and business partners. The guesthouse industry has been playing an important role in transferring the benefits of the lucrative tourism sector to the general population. Striving towards a more inclusive tourism sector, the government also established a stateowned enterprise (SOE) in 2016 under the name Maldives
11 new resorts opened in 2016
Integrated Tourism Development Corporation (MITDC). This SOE, established in August 2016, aims to enhance the tourism sector gains and promote the participation of small and medium sized businesses in the sector.
The very first guesthouse conference named “BML Guesthouses Maldives Conference” was held in 2016.
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Corporate Maldives GOLD 100
FISHERIES SECTOR The contribution of the
The contribution of the fisheries sector to the overall
fisheries sector to the overall economic growth has diminished significantly over the past years, and accounted for a mere 1.2% of GDP during Q2-2016.
economic growth has diminished significantly over the past years, and accounted for a mere 1.2% of GDP during Q2-2016. Despite this, the fishing industry remains vital to Maldivians, as it provides the livelihood of many living in the rural areas of the country. However, the sector performance was observed to be weak over the past years, recording negative growth rates by 2014 and 2015. Quarterly GDP statistics show a further exacerbation in growth, recording rates of -22.4% and -7.3% in Q1 and Q2-2016, respectively.
Fish purchases made by local fish processing companies for 2016 amounted to 48,399 metric tonnes which indicated a 9% growth.
Looking at other indicators, fish purchases made by local fish processing companies for 2016 amounted to 48,399 metric tonnes which indicate a growth of 7%. Fish export data however was only available for the period Jan-Nov 2016, which indicated a 9% growth in the volume of fish exports while earnings on such exports fell by 4% in annual terms.
The Maldivian Economy in 2016
CONSTRUCTION SECTOR
After experiencing two consecutive years of negative growth in 2012 and 2013, the construction sector of the country boomed and registered growth rates over 20% in the two years that followed. Similarly, construction sector growth continues to strengthen in 2016, as evidenced by the quarterly GDP statistics for Q1 and Q2 of the year. The
Construction sector registered growth rates of
sector registered growth rates of 18.2% and 12.8% for Q1 and Q2 of the year, respectively. Another important indicator to gauge the sector growth for the year is construction sector-related imports. Such
18.2% in Q1 - 2016
imports rose by 20% in annual terms during the period JanNov 2016, indicating fast-paced sectoral growth within the year. A weighty portion of the construction sector activity for the year consisted of work on large public sector infrastructure
12.8% in Q2 - 2016
projects, residential housing and resort development projects. Of this, the construction of the historic landmark, the China-Maldives Friendship Bridge is a remarkable project that commenced in early 2016. The bridge, estimated to be completed and opened in 2018, will improve the socioeconomic growth of the country by easing transportation between the airport and the two largest residential and
The construction of the historic landmark,
commercial islands in Maldives. The year 2016 also saw the development of the Male’ industrial village in the southern region of the capital city. All industrial activities currently carried out across the city will be shifted to this area; notably, waste management, heavy vehicle parking, warehouses and fuel stations. Reclamation work to expand the area was carried out during mid 2016 where 6.9 hectares of land were reclaimed.
the China - Maldives Friendship Bridge is a remarkable project that commenced in early 2016.
Additionally, the government launched a megaproject to redevelop the roads of the capital city, Male’ with the aim of making the roads easily accessible and safe for everyone. The project began in October 2016 and will redevelop 13 major roads of the city by September 2018. Furthermore, several other projects such as the development of parks were also carried out during the year
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Corporate Maldives GOLD 100
CENTRAL GOVERNMENT FINANCE The government finances of the country was recently a key topic of concern among the domestic and international financial advisory bodies.
The public sector of the Maldives, especially the central government, plays a major role in propelling the country towards development. However, the government finances of the country was recently a key topic of concern among domestic and international financial advisory bodies. With expenditures persistently above the revenues earned, the government debt piled up every year reaching levels above 70% of GDP by 2015. The recent release of the public finance statistics for 2016 however, reveals a rosier picture. With the determination
The government debt piled up every year reaching levels above 70% of GDP by 2015.
to reduce wasteful expenditures, the government managed to cut recurrent spending by 8% (MVR1.4 billion) when compared to the previous year. This was achieved by reducing spending on subsidies, which weighed heavily on the government budget over the past years; the universal electricity subsidies were abolished during March 2016, while food subsidies were targeted towards the indigents starting October 2016.
The public finance statistics for 2016 however, reveals a rosier picture. With the determination to reduce wasteful expenditures, the government managed to cut recurrent spending by
8% (MVR 1.4 billion) when compared with the previous year.
The government’s commitment towards developing the country’s infrastructure was evident from the statistics for the year. A remarkable annual growth of 52% (MVR2.4 billion) for capital expenditure was recorded during 2016, totaling MVR7.1 billion at the end of the year. A significant 82% of this amount was spent on Public Sector Investment Program (PSIP), which included Male’ redevelopment projects; namely, Male’ road re-development, development of Male’ industrial village and construction of parks. However, the main highlight of the year was the commencement of work on China-Maldives Friendship Bridge and airport expansion. The revenue side also showed positive developments in annual terms with total revenue and grants recording a
The Maldivian Economy in 2016
growth of 5% (MVR0.8 billion), reaching MVR18.2 billion by the end of the year. This was due to a surge in receipts from green tax. The tax was first introduced in November 2015 for tourists staying in resorts, hotels and vessels, although the tax was also imposed on guesthouses later, during October 2016. Furthermore, at the beginning of October 2016, the government introduced a remittance tax on money sent abroad which also boosted revenues for the year. However, it is to be noted that the government missed its revenue target for the year by MVR4.6 billion in 2016, as a large portion of new revenue measures for the year were not realized. The gap between government revenue and expenditure was financed by an amount totaling MVR4.3 billion raised from both domestic and external sources. However, the government relied heavily on domestic sources to finance its debt, especially through the sale of treasury bills and bonds to commercial banks, pension funds and other private participants. In this regard, the outstanding amount of treasury bills and bonds at the end of December 2016 amounted to MVR23.2 billion, which is an annual increase of 16%. Meanwhile, the government’s strategy for the year 2017 includes obtaining a larger portion of financing through foreign sources and attracting more foreign investments. An important step that could facilitate such investments was taken during September 2016 when the country was given a credit rating for the first time by Moody’s Investors Service. Maldives was given a local and foreign currency issuer rating of B2 with a stable investment outlook. The rating is to be reviewed every year and the government aims to improve the rating in future.
Annual growth of
52% (MVR2.4 billion) for capital expenditure was recorded in 2016, totaling MVR7.1 billion at the end of 2016.
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Corporate Maldives GOLD 100
A number of measures were taken to achieve greater financial inclusion in the country during 2016.
The Maldivian Economy in 2016
FINANCIAL SECTOR The year 2016 was a promising year for the financial sector of the Maldives. As the country strives to attain its developmental targets, a number of measures were taken to achieve greater financial inclusion in the country during 2016. Up until now the financial sector of the Maldives comprised of banks, non-bank financial institutions (NBFIs), securities market intermediaries and the pension fund. The banking sector consisted of seven commercial banks, which include two locally incorporated banks, four branches of foreign banks and one subsidiary of a foreign bank. NBFIs include finance companies, insurance companies, money remittance companies and money changers. While all commercial banks and NBFIs are licensed and regulated by the MMA, the securities market intermediaries and the pension fund are licensed and regulated by the Capital Market Development Authority (CMDA). On September 26, 2016, the country saw the expansion of the banking sector with the inauguration of the ‘Commercial Bank of Maldives’ (CBM) — increasing the total number of banks to eight. With a capital of MVR150 million, CBM was opened in collaboration with Sri Lankas’ ‘Commercial Bank of Ceylon’— owning 55% share and its Maldivian partner Tree Top Investments, which owns 45% share in the venture.
The new bank aims to promote the young
business minds of the country, providing opportunities for them to indulge in new ventures and to lay a way forward for small enterprises. CBM is also set to offer housing loans, private loans and business loans in the future. Tree Top Investments, meanwhile, is working with a Turkish company on a US$80.0 million hospital project. The 159bed tertiary hospital is to be built in Hulhumalé. Following the commencement of the new bank on 29 September 2016 the country witnessed another important
26 September 2016, The country saw the expansion of the banking sector with the inauguration of the ‘Commercial Bank of Maldives’ (CBM) — increasing the total number of banks to eight.
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Corporate Maldives GOLD 100
event where the largest bank, Bank of Maldives (BML), introduced a special branch for Islamic Banking. Prior to the opening of the new branch, Islamic Banking services were provided only by Maldives Islamic Bank (MIB). Since the demand and support for Islamic Banking is very high in the archipelago, the introduction of Islamic banking branch has indeed increased the opportunities for many people to use Shari’ah-Compliant modes of banking. Named as the BML Islamic Headquarters, the sector envisages the provision of country-wide services and catering for public
The Maldives Monetary Authority implemented the automated cheque clearing process in order to deliver a faster and secure payment system that will improve the efficiency of the payment process.
requirements. BML Islamic allows its customers to transfer their accounts at BML to Shari’ah-Compliant accounts easily. Under BML’s Islamic banking policy, all the branches of the bank already offer special Islamic personal and business accounts named “Wadi’ah” to its customers, along with “BML Islamic Visa Debit” cash cards. At present, the Maldives is among the top 15 developed nations in the Islamic finance industry, according to the ICD–Thomson Reuters Islamic Finance Development Indicator (IFDI) 2016 and Islamic Finance Development Report 2016. For a healthy financial sector, well-functioning payment systems are vital for financial stability and economic prosperity. The Maldives Monetary Authority implemented the automated cheque clearing process in order to deliver a faster and secure payment system that will improve the efficiency of the payment process. Prior to the implementation of the automatic cheque clearing process, cheques generally cleared in three to four days. Furthermore, steps to increase the financial sector
The Maldives Monetary Authority issued a regulation on mobile payment services and issued the first license to Ooredoo Maldives to conduct mobile payment services in the country.
inclusion and development have been steered well with the opening of new branches in different atolls by several banks. The year 2016 has also seen a boost in private sector lending by the commercial banks. The total amount of loans and advances hover well above that of 2015, and are significantly higher in terms of year on year growth rate of lending. The sluggish private sector credit that stood at around 4% on average during 2015 increased to a massive 11% in 2016. Another important development that took place during the second quarter of 2016 in the financial sector was Maldives Monetary Authority issuing a regulation on mobile payment
The Maldivian Economy in 2016
services and issuing the first license to Ooredoo Maldives to conduct mobile payment services in the country. This is expected to alleviate the tremendous difficulties faced by the locals due to the absence of bank branches in some islands and it also paves way for a lesser cashbased financial sector. Many choose to think of Mobile Commerce as a form of retail outlet in the customer’s pocket. Rebranded as m-Faisaa, it offers an easy, safe and convenient method to manage money. It is a mobile wallet service allowing the customer to register for a ‘Mobile Wallet Account’ to deposit, withdraw, pay and send money in Maldives instantly through their phone. Currently only a few companies provide the facility, including State Electric Company Limited (STELCO), State Trading Organisation (STO), Raajje Online Limited (ROL), Medianet, Food Hub and Schwack cinema. It is evident that the financial sector has indeed flourished. The sector has given extra care to stimulate the investment and financing options in order to provide a
Two new insurance companies – Solarelle Insurance Pvt Ltd and Dhivehi Insurance Company, were launched, leading to the growth of the insurance sector.
healthier, viable and a competitive business atmosphere. One such noteworthy development is the registration of the Maldives first investment fund by the CMDA under the name, Watercress Growth Fund Pvt Ltd. The purpose of establishing such a fund is to boost public confidence in similar funds and provide prospects to the public to participate in such investments and enjoy the benefits. The approach is intended to increase funding to develop the capital market industry and more importantly to bring in profit to the community. This will help facilitate growth and development of the economy. Another successful event this year, was the Maldives Investment Forum held in Delhi. Being the prime investment event of the government of the Maldives, the forum provides copious opportunities for business partnerships and exhibiting investmentready projects in Maldives. This year, the investment sectors include finance and banking, real estate, tourism, information and communication technology, and renewable energy. Alongside the development of the banking sector, the NBFIs also expanded. Two new insurance companies – Solarelle Insurance Pvt Ltd and Dhivehi Insurance Company,
The first investment fund of the Maldives, “Watercress Growth Fund Pvt Ltd” was registered.
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Corporate Maldives GOLD 100
were launched, leading to the growth of the insurance sector. While the stakeholders of both companies are 100% Maldivian, the Dhivehi Insurance Company is one stride ahead in this regard by also employing only Maldivians. The opening of both these insurance companies has
Rf
Rf
broadened the employment opportunities especially for the locals and has started a variety of general insurance services. This has led to a widening of customer choices and a more competitive market, thriving to deliver quality services, with a consistent, fair and equitable approach. Currently some of the services provided by Solarelle
The Maldives Monetary Authority introduced the new bank note series ‘Randhihafaheh’ into circulation in January.
Insurance include aviation insurance, property insurance, ship builders insurance etc. and also intend to target the tourism sector while the Dhivehi Insurance Company initially aims to target the business sector alongside other products as well. Upholding confidence in the currency of a country is extremely essential for the smooth functioning of an economy. In this regard, 2016 was undoubtedly a historic year for the country. The Maldives Monetary Authority introduced the new bank note series ‘Randhihafaheh’ into circulation in January. For the first time in the history of Maldives, paper notes were replaced with a new substrate – polymer notes. The new notes were designed by a young and extremely talented local artist Mr. Abdulla Nashath. The new polymer series was set entirely apart from the previous ones in terms of its modern and innovative
The 1000 rufiyaa note has bagged a nomination for the Bank note of the year, awarded by the International Bank Note Society (IBNS) which is an initiative to recognize exceptional bank notes issued in the year.
features. The new series also highlights substantial improvement in its security and durability in comparison to the paper note series. A notable feature includes the use of tactile dots for partially sighted people. This is an important milestone that has been achieved; being able to cater to the needs of all the classes of the society. Most importantly, the ‘Randhihafaheh’ series also introduced a new denomination to the note family – the 1000 rufiyaa note. Hardly used outside the banking system, the 1000 rufiyaa denomination is mainly targeted towards the facilitation of large cash transactions. Apart from being the most exclusive denomination, the 1000 rufiyaa note has also bagged a nomination for “Bank Note of the Year” by the International Bank Note Society (IBNS).
The Maldivian Economy in 2016
TELECOMMUNICATION SECTOR Despite
the
limited
number
of
players
in
the
telecommunication industry of the Maldives, the sector has achieved tremendous growth over a short period of time. Both licensed companies in the industry—Dhiraagu PLC and Ooredoo Maldives—achieved significant milestones during the year 2016. In May 2016, Ooredoo Maldives took a leap forward by introducing fixed line broadband and telephone services. The broadband service named “SuperNet” provides internet
Ooredoo introduced fixed line broadband and telephone service.
speeds ranging from 2Mbps to 1Gbps, which are the fastest available fixed line internet speeds in the country. Another revolutionary step by the company was taken six months later in December 2016 with the inauguration of Ooredoo’s Nationwide Submarine Cable. With the vision of attaining a “Digital Maldives”, Ooredoo laid groundwork to provide Maldives with the most advanced ICT infrastructure in the SAARC region. The nation-wide submarine cable, that utilizes Huawei’s 100G technology, aims to provide high quality broadband services to all the islands and resorts across the country by 2017. To mark the occasion of Fisherman’s Day (10 December 2016), Ooredoo Maldives launched “Locate Satellite”. This device allows the customer to track the location of their marine vessels via satellite even if they are outside national waters. This is highly beneficial to the fisheries industry as a whole, especially in ensuring the safety and security of vessels and its crew. Meanwhile, Ooredoo’s close competitor and the largest telecommunications service provider in the country, Dhiraagu Plc, also progressed rapidly in terms of service improvements during the year 2016. In addition to the
December 2016, Ooredoo’s Nationwide Submarine Cable was inaugurated.
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Corporate Maldives GOLD 100
Dhiraagu provided 4G LTE to 58% of the population by July 2016.
several steps taken towards refining service quality during the year, its success in providing 4G LTE to 58% of the population by July 2016 is commendable. The company also partnered with Huawei and Nokia in December 2017 to fulfill its pledge to provide nation-wide 4G LTE service by 2017. Furthermore, recognizing the diversity of technological needs among the different sectors of the country, Dhiraagu Plc introduced an internet solution designed exclusively for the guesthouse industry of Maldives. The package, aptly named “Guesthouse Internet”, was launched in May 2016,
Dhiraagu Plc introduced an internet solution designed exclusively for the guesthouse industry of Maldives. This package, aptly named “Guesthouse Internet” was launched during May 2016, with features that enable guesthouse owners to provide a better experience to their valuable guests.
with features that enable guesthouse owners to provide a better experience to their valuable guests.
The Maldivian Economy in 2016
HEALTH SECTOR Health is a basic right to every citizen in the Maldives. Health services in the Maldives are delivered through primary health care. Most people travel abroad for medical
IGMH has opened :
treatments due to the unavailability of certain health services in the Maldives. However, the year 2016 brought
An upgraded ICU A theatre complex Non-invasive ventilation unit National Uro-Renal Centre Fertility Centre A total laboratory automation system that enables the receipt of reports in 2 hours Chemotherapy Suite
tremendous developments to the health sector with a number of new services made available in the Maldives. Indira Gandhi Memorial Hospital (IGMH), the country’s central hospital, has elevated its potential and now provides many quality medical services and treatments that were not available previously. The government hospital, IGMH has opened an upgraded ICU, a theatre complex, non-invasive ventilation unit, a national Uro-Renal and Fertility Centre, and a total laboratory automation system that enables the receipt of reports in 2 hours. With the newly developed of the UroRenal Centre and urological services, IGMH is now capable of undertaking major surgeries in this field. In collaboration with the NU hospitals Bangalore, India, IGMH has planned on starting treatments for kidney-related issues in the near
First international health care workers conference “The Evidence Based Health Seminar.�
future. Moreover, the centre is also aiming to initiate kidney transplant procedures. This would be a first in the country and will be regarded as one of the key accomplishments of the health sector. The health sector being one of the major priorities of the government, a considerable amount has also been allotted in the government budget towards the acquisition of new facilities. With these advancements, the citizens of Maldives will be able to avail superior services right here, in the Maldives. Furthermore, the upgraded and renovated ICU is now capable of accommodating additional patients and on-bed dialysis procedure inside the ICU. The hospital has also taken care of patients with breathing disorders with the help of the non-invasive ventilation unit which takes precautionary care for treating infections. This is also a totally completely new undertaking by the hospital.
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Corporate Maldives GOLD 100
AVIATION SECTOR Another key development is the introduction of the
Regardless of the ups and down in the economy, the
Chemotherapy Suite in IGMH for the treatment of cancer
aviation sector managed to achieve several developmental
patients. It is estimated that over 250 people per year
targets in the year 2016. The Velana International Airport
screen positive for cervical cancer in the Maldives. With
(VIA) development project stands to be of utmost
the opening of the Chemotherapy Suite, it has helped the
importance. The airport development project kick started
citizens in the most effective manner. President Abdulla
in the beginning of the year with the announcement of a
Yameen, this year, inaugurated the National Cardiac
new passenger terminal by the Saudi Bin Ladin Group. The
Centre in partnership with Meditrina Hospitals, India. The
project is estimated to cost around USD300.0 million and
Centre provides treatments for heart diseases including
has already been awarded to the Saudi group. All funds for
angioplasty procedures.
the development of the new terminal has been secured and
The first international healthcare workers conference was also held in Maldives this year. The conference, titled “The Evidence Based Health Seminar” was aimed at improving the quality and delivery of health services by exchanging information, knowledge and experiences with other countries. Likewise, in 2016, many new services were launched in this sector. Indira Gandhi Memorial Hospital has also started MRI facilities in the hospital. Currently, the privately owned hospital, ADK also provides MRI facilities to the patients. The government is committed to perk up the health services in the country and improving the accessibility of services at the very peripheral levels and to boost the public confidence in the Maldivian health sector. With these developments, the country has already started to groom itself to take the health sector to a different height.
announced. These include Saudi Fund’s grant of USD100.0 million, USD50.0 million by the Kuwait Fund for Arab Economic Development, USD50.0 million loaned by OPEC fund for International Development and USD40.0 million loaned by the Abu Dhabi Fund for Development (ADFD). VIA’s new terminal is a part of the government’s USD800.0 million project to develop and expand the airport. The new terminal is expected to cater for seven million passengers annually. The mandatory survey and tests conducted before the physical commencement of the project has also begun while the design for the new terminal is nearly complete. After unveiling the new terminal, the current international terminal will be converted into a domestic terminal. VIA has also begun to expand the departure area and the domestic terminal. With the development of the new terminal, prospects for a number of employment opportunities have been foreseen. The Maldives Airports Company Limited expects to create more than thousand vacancies, paving the way for economic growth of the country. The VIA Development Project also includes a new runway. The land reclamation of the new runway is in progress and is assigned to the Beijing Urban Construction Group (BUCG) of China. The new code F runway is projected to be wider, longer and capable of landing an A380 airplane. The reclamation of the new runway is to be completed
The Maldivian Economy in 2016
Reclamation work to develop the new runway was started in 2016.
A seaplane base has been established at the Gan International Airport in Addu city.
Mega Maldives Airline started flights to new destinations that include Delhi and Colombo.
Maldivian started flying to Chengdu China.
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Corporate Maldives GOLD 100
by February 2017 while the whole project is targeted to
return fare for its inaugural flight to the Indian capital
complete by the end of 2018.
while the flights to Colombo are also considerably more
Playing a key role in the promotion of the tourism sector, VIA envisions improving all the areas of the airport. Maldives is home to the largest seaplane network in the world, and the largest seaplane fleet, owned by Trans Maldivian Airways (TMA). The airport is also the seaplane base for
affordable. Moreover, the second local airline, “Maldivian”, also started flights to Chengdu, China in July 2016. With Gan Airport now open to international flights, “Maldivian” is planning to commence scheduled trips to Gan from other domestic airports in the South.
the national airline, Maldivian. A well-developed airport is
Airport development projects has been one of the
always an attraction for new tourists. With that notion, VIA
governments priorities in 2016 and has turned out to be a
has also decided to develop the seaplane terminal and the
decisive year for the sector with the initiation of many new
concept design has already been completed.
ventures and projects that are expected to be accomplished
Moreover, a seaplane base has been established at the Gan International Airport in Addu city. The base was set up by TMA. This is an important decision for the aviation industry as the Srilankan airlines has already commenced direct flights from Colombo to Gan International Airport in 2016. International flights to and from Gan has enabled the citizens of the South to travel abroad without having to commute to VIA. This is considered a gateway to achieve a higher rate of tourist arrivals. Hence a sea plane base in the region would definitely be favorable to the tourism sector of the country. Furthermore, with the new expanded runway in Addu City Gan International Airport, it is also capable of landing bigger airplanes and the prospects for more international flights to land in the airport seems promising. With this achievement, the foreign exchange market is also expected to perform better and provide spillover benefits to the economy. On the other side, local aviation giant Mega Maldives Airlines started flights to new destinations that include Delhi and Colombo. The airline hopes to start flights to Mumbai and Bangladesh in the near future as well. Prior to this decision, there were no direct flights to some of these destinations. The local airline flew at a record rate of USD98
in the near future.
The Maldivian Economy in 2016
EDUCATION The most important and fundamental form of knowledge is that established in the early stages of life. The Maldives became the first country in Asia to offer free education until the conclusion of higher secondary education.
Up
until now, the country has been providing free education from grades 1 to 12. The academic year 2016 started with a remarkable change where education at the preschool level (LKG and UKG) was provided free at all the schools in the country except for those in Addu city and Male’ city. For the schools in these two cities, the change will be effective starting from the academic year 2017. With this development, every child, irrespective of their family
The Maldives became the first country in Asia to offer free education until the conclusion of the higher secondary education.
income receives the right to education. Another drastic change that took place in the year 2016 was the change of the academic year for the higher secondary schools. Academic year at the higher secondary level that started in June was pushed forward to start in March, enabling consistency in the batches of standard 11 and 12. The year 2016 was an eventful year for Maldives with the country managing to pull through despite some rough times and was able to soar high, accomplishing significant milestones that have helped the country in sustaining its development and economic growth at a desired level.
The academic year 2016 started with a remarkable change where education at the preschool level was provided free at all the schools in the country except for those in Addu City and Male’ City.
26
Corporate Maldives GOLD 100
LIFETIME ACHIEVEMENT
Mr. Mohamed Umar Maniku
Mr. Mohamed Umar Maniku, better known as M U Maniku,
Committee, and continues to serve as the Chairman of
is referred to as ‘The Man Who Built Paradise’ due to his
Maldives Association of Tourism Industry (MATI) since its
rightful honor as the man who instigated the Maldives
inception. He is also a founding member of the Maldives
tourism industry.
National Chamber of Commerce and Industry (MNCCI) where he served as Chamber President.
With no banks, no airport, no telephones and severely limited resources, Mr. Maniku’s decision to open the first
Mr. Maniku’s companies are some of the biggest employers
resort in the Maldives, Kurumba Village in 1972, was a
in the country today, and are both directly and indirectly
decision that revolutionized Maldives. Despite warnings
responsible for the livelihoods of thousands of Maldivians.
from the United Nations that Maldives did not yet have the
The company conducts regular CSR projects aimed at
required infrastructure to support the business, Mr. Maniku
important areas such as training and development of
and his partners successfully introduced a new industry to
youth and donations to the orphanages, as well as waste
the country. The turning point for Tourism in the Maldives
management, energy management and programs to
was also devised by Mr. Maniku, when Kurumba Village
protect the marine environment of Maldives.
was redeveloped into a world-class hotel in 1987, moving
Mr Maniku is a man of consistently dynamic and distinctive
Maldives from low-end destination to high-class luxury
vision, who has helped recognize the critical problems and
holiday spot.
needs of the foundling markets and has helped improve
Universal Enterprises is one of the most reputable companies in Maldives today and is a trailblazer in resort development and management, with a diverse portfolio of tourism-related and other businesses under its umbrella. Holding eight luxury resorts, and with partnerships with world-renowned luxury brands such as Starwood and W-Hotels and Per Aquum, Mr. Maniku continues to lead as an example to the industry. Mr Maniku has also served at several important government positions, such as Head of Male’ International Airport Limited (MIAL) and Chairman of the Airport Advisory
the human condition of the country and society as a whole through exploring new breakthrough ideas.
Lifetime Achievement
28
LIFETIME ACHIEVEMENT
Mr. Hussain Afeef
Mr.
Hussain
Afeef
is
a
pioneer
businessman
and
companies including Crown Company, one of the largest
entrepreneur, responsible for both the instigation and
and most successful companies in the tourism industry;
expansion of several key industries in the Maldives,
KASA Holdings, a major stakeholder of Addu International
including the Tourism and Hospitality Industry.
Airport; Trans Maldivian Airways, the largest seaplane
The story of how tourism began in the Maldives is one of
operation in the world; and Commercial Bank of Maldives.
humble beginnings told and retold frequently throughout
Mr. Afeef also contributed to the Government of the
the country. As a young man, Mr. Afeef was part of a
Maldives at different posts including on the Economic
team of entrepreneurs who saw potential for tourism in
Advisory Council the President of the Maldives. He also
the Maldives. Now considered one of the pioneers of the
served on several boards such as Dhiraagu and continues
tourism industry in the country, Mr. Afeef was among those
to serve as the Vice Chairman of the Maldives Association
who faced and conquered the many challenges the industry
of Tourism Industry (MATI), an NGO involved with the
faced during its infancy. Most of the issues stemmed
development of the tourism industry of the Maldives.
from lack of resources such as proper communications equipment and logistics. Undaunted by such obstacles, the tourism pioneers found alternate methods to get things done, even using Morse code to get supplies via Sri Lanka.
A man who believes that you get what you give in life, Mr. Afeef takes philanthropic efforts very seriously. Over the years, Mr. Afeef’s family foundation, Alifulhu Thuthu Foundation, is responsible for 350 different CSR projects
A firm believer in understanding and experiencing every
throughout 180 islands in the Maldives. These efforts range
aspect of a company’s inner workings for himself, Mr. Afeef
from projects as simple as providing sewing machines and
has done everything from cooking and cleaning to working
tailoring trainers to different islands, or sending young
as a tour guide. No job was too small or insignificant for
Maldivian students abroad on fully-funded scholarships,
progress, and eventually, Mr. Afeef became the General
to larger undertakings such as building Mosques for
Manager of the first resort in the Maldives, Kurumba
communities and providing Water and Sewage facilities to
Village, which opened in 1972.
entire islands.
Mr. Afeef currently owns multiple companies, with shares
Both a visionary of unrivaled business acumen, and an
and stakes in almost all industries in the Maldives, not just
altruistic humanitarian, Mr. Afeef is a man who deserves to
limited to tourism, but in travel, trade, banking and more.
be recognized and renowned for his influence and impact
He is one of the founders and shareholders of several
on the Maldives.
Corporate Maldives GOLD 100
GOLD 100 Companies AAA HOTELS & RESORTS
DTECH COMPANY
ADAARAN RESORTS
ENSIS FISHERIES
ADDU INTERNATIONAL AIRPORT
FALIM GROUP
AH BROTHERS
FOCUS COMPUTERS
AL SHAALI MARINE MALDIVES
FUEL EXPRESS MALDIVES
ALLIED INSURANCE
FUEL SUPPLIES MALDIVES
AMIN CONSTRUCTION
GOLD COIN INTERNATIONAL
ANTRAC HOLDING
HANDY HOLDINGS
ARIES ENTERPRISES
HAPPY MARKET
ASIA FORWARDING
HC LINE
ASK HOLDINGS
HOTELS & RESORT CONSTRUCTION
ASNA INVESTMENTS
HOUSING DEVELOPMENT
ASTERS
CORPORATION
BANK OF MALDIVES
HOUSING DEVELOPMENT FINANCE
BISON MALDIVES
CORPORATION
BLUE HORIZON
ILAA MALDIVES
BRIGHT BROTHERS
INNER MALDIVES HOLIDAYS
CANOPUS MALDIVES
INTERNATIONAL BEVERAGES
CENTURION TRANSPORT SOLUTIONS
COMPANY
CHANDELIER COMPANY
ISLAND AVIATION
CITY INVESTMENTS
ISLANDERS GROUP
CO-LOAD MALDIVES
JAUSA TRADING
COASTLINE INVESTMENTS
KAIMOO TRAVELS AND HOTEL
COPIER PLUS
SERVICE
CROWN & CHAMPA RESORTS
LEO TRADING
DHIRAAGU
LILY INTERNATIONAL
DHIVEHI VIUGA
LINK SERVE
GOLD 100 Companies
M7 PRINT
SEAGULL GROUP
MA SERVICES
SENIOR INTERNATIONAL
MALDIVE GAS
SHEESHA
MALDIVES AIRPORTS COMPANY
SILVER SANDS
MALDIVES FINANCE LEASING
SIRIUS ENTERPRISES
COMPANY
SONEE HARDWARE
MALDIVES INDUSTRIAL FISHERIES CO.
SONEE SPORTS
MALDIVES TRANSPORT AND
STATE TRADING ORGANIZATION
CONTRACTING COMPANY
STATIC COMPANY
MALE’ AERATED WATER COMPANY
SUN FRONT
MALE’ WATER & SEWERAGE COMPANY
SUN SIYAM
MAZIYA SERVICE
SUNLAND HOTELS
MEDIANET
SUNWILL
MEGA MALDIVES AIRLINES
SUNRISE MALDIVES
MEGACHIP ELECTRONICS
SYMPHONY MALDIVES
MUNI ENTERPRISES
T.E.P CONSTRUCTION
NALAHIYA TRADING
TEKTON DESIGN ASSOCIATES
NOVELTY PRINTERS & PUBLISHERS
THE HAWKS
OOREDOO MALDIVES
TRANS MALDIVIAN AIRWAYS
ORCHID HOLDINGS
UNITED DEVELOPMENT
PAN OCEAN INTERNATIONAL
UNITED FOOD SUPPLIERS
PLATINUM CAPITAL HOLDINGS
UNIVERSAL ENTERPRISES
RAINBOW ENTERPRISES
V.A.M & COMPANY
RASHEED CARPENTRY AND
VB BROTHERS
CONSTRUCTION
VILLA SHIPPING AND TRADING
REEFSIDE
COMPANY
SALSA INVESTMENT
VOYAGES MALDIVES
30
AAA HOTELS & RESORTS Chairman
ABDULLA ALI
Year Started
1983
Employment
1000 +
Industry
TOURISM
Ownership
PRIVATE HELD (100% LOCAL)
AAA Hotels & Resorts has been working as a top hotelier in the Maldives for over two decades. It is a subsidiary of AAA Trading Company, a leader in import & wholesale trade in the Maldives. AAA Hotels and Resorts have expanded its business to incorporate 4 resorts under its umbrella. Filitheyo Island resort: 4 Star Resort, Medhufushi Island resort: 4 Star Resort, Hondaafushi Island Resort: 3 Star plus Resort, Bathala Island Resort: 3 Star Resort. PRODUCTS & SERVICES: With time and experience we have created an assortment of resorts that retains the Maldivian outlook and simplicities while providing modern facilities and excellent services that make our AAA Hotels & Resorts +960 331 7373 sales@aaa.com.mv www. a a a re s o r t s .co m . mv
resorts the ideal location for a bare foot luxury holiday.
We currently work with quite a number of
tour operators from all over the world. We are hoping to
broaden
our
horizon
and
to
introduce
properties to new and emerging markets.
our
ADAARAN RESORTS CEO/Managing Director
SUSITH JAYAWICKRAMA
Year Started
2006
Employment
1287
Industry
TOURISM
Ownership
AITKEN SPENCE PLC.
Luxury boutique wellness resorts offering a perfect blend of lavishness and comfort, Adaaran Resorts in the Maldives presents unparalleled luxury with a touch of tradition. Nestled in blissful seclusion, each of our Maldives
resorts
offer
a
unique
set
of
defining
characteristics attracting guests from all over the world. Featuring plush accommodation in the lap of paradise, our efforts are focused on providing guests a holiday to be treasured. Choose the perfect Maldives resort that will best suit your holiday spent on these inviting islands, giving new meaning to an exotic tropical getaway. PRODUCTS & SERVICES: In Maldives, best resort options include each of our properties that boasts a travel Adaaran Resorts Pvt Ltd +960 332 3323 marketing@adaaran.com.mv www. a d a a ra n .co m . mv
experience beyond compare. Discover the brilliance of a magical
land
dominated
by
turquoise
waters
and
abundant patches of green. Reserve your very own space among our lavish Maldivian resorts and prepare to be swept away by the sights and sounds of an Asian treasure trove brimming with colour and flair. Current resorts in our portfolio
included
Adaaran
Club
Rannalhi,
Adaaran
Prestige Vadoo, Adaaran Select Hudhuranfushi, Adaaran Select Meedhupparu, Adaaran Prestige Water Villas and Adaaran Prestige Ocean Villas.
ADDU INTERNATIONAL AIRPORT General Manager
IBTHISHAMA AHMED SAEED
Year Started
2012
Employment
200 +
Industry
AVIATION
Ownership
50% GOVERNMENT, 30% KASA HOLDINGS, 10% ST0, 10% MACL
Originally built by the British as a staging post for its RAF during 1950s and was handed over to the Maldivian Government in 1976 with almost an equivalent of an ICAO code 4D air strip comprising of then state of the art equipment and facilities. In the National Development Plan of the early 1980s it was envisioned to develop Gan for International commercial operations through a two stage development plan. Addu International Airport Pvt Ltd established at the beginning of the year 2012 as a consortium of four parties, namely GoM, STO, MACL and KASA for the purpose of developing, managing and operating either on its own or by way of third party engagements, Gan Airport as an Addu International Airport Pvt Ltd
International Airport and develop any and all ancillary or
+960 331 7070
related facilities in the same manner together with the airport.
+960 689 8010 info@ganairport.com www.g a n a i r p o r t .co m
PRODUCTS & SERVICES: Addu International Airport offers secure and ample apron parking for Private Jets. As well as the best priced and efficient fuelling services. The airport is currently undergoing an infrastructure upgrade in which the existing code 4D runway will be upgraded to 4E with major construction
projects
that
include
runway
extension,
resurfacing of existing old runway, building shoulders around the existing and extended runway. This project will change the location of runway thresholds at both Runway 10 and 28 that will also cause relocation of Approach Lights and creating new instrument approach charts. Presently as a result of the ongoing project the Runway Declared Distances are limited as follows without PAPIs and Approach Lights with Instrument Approach Procedures withdrawn.
AH BROTHERS CEO/Managing Director
HUSSAIN HASSAN MANIK
Year Started
1991
Employment
121
Industry
WHOLESALE AND RETAIL TRADE
Ownership
PRIVATE HELD
Established
in
the
year
1991,
AH
brothers
has
expanded remarkably with priceless support from our employees and customers. Today we have four outlets and ten operational go-downs. Although we were established solely as a hardware dealer for many years with the recent addition of “Hardware Home” we have entered
in
to
retailing
home-based
products,
kitchenware and other interior solutions. Our main clientele consists of resorts, construction companies, government offices as well as individual buyers. Our four outlets are: AH Brothers Pvt Ltd, AH Brothers-1, AH Brothers-2, Hardware Home. PRODUCTS & SERVICES: Our product range include AH Brothers Pvt Ltd +960 330 5515 info@ahb.com.mv www. a h b.co m . mv
exceptional quality of selective Building Material, Electrical
Fixtures
and
Fittings,
PVC
Pipes
and
Fittings, Home and Gardening equipment and tools, Household equipment, Ceramics Sanitary-ware, Paint and
accessories,
Interior,
paneling
and
finishing
solutions. We are the authorized distributor of Sheetrock All Purpose prevalent
Joint
Compound
brands
such
as
and Mr.
dealers Mark,
of
other
Greenland,
Colourland, Guess, Kelani Cables. Free delivery with all bulk purchases offered throughout Male’.
AL SHAALI MARINE MALDIVES Chairman
ABDULLA AL SHAALI
Year Started
2006
Employment
100
Industry
BOAT MANUFACTURE AND TRADE
Ownership
COASTLINE GROUP (MALDIVES) + AL SHAALI MARINE (UAE)
Subsidiaries
COASTLINE INVESTMENTS, COASTLINE HOTELS & RESORTS
Al Shaali Marine Maldives Pvt. Ltd. is a joint venture between AS Marine Dubai and Coastline Investment Pvt. Ltd, established in Maldives in 2006. Over the past couple of years, AS Marine Maldives has built many of the fiberglass Dhoni and speed boats, and have
achieved
AS
Marine
Maldives’
target
with
competitive boat builders in Maldives. AS Marine is always introducing new products to the Maldives boat market. Our dream is to ensure a variety of boats for customers in Maldives with competitive price. AL Shaali Marine Maldives Pvt Ltd +960 799 8590 info@asmarinemaldives.com shareef@asmarinemaldives.com www. a s m a r i n e m a l d i ve s . mv
PRODUCTS
&
SERVICES:
AS
Marine
Maldives
is
dedicated to delivering its vast variety of services, from
boat
repairs
and
refurbishments
of
boats’
structure and systems, with wide range of boat types and brands AS Marine Maldives provides the total solution from the drawing board to delivery. AS Marine also provides the following maintenance services; boat and yacht manufacturing, boat and yacht hauling & servicing, interior and exterior refurbishment, semi & fully customize solution, carpentry works, electric jobs, painting / re-gel coating, fabrication and welding works, engine service & rebuilding works and complete boat fitout. AS Marine Maldives has built boats for many overseas customers, AS Marine Maldives continue to prove itself in the Global market, achieving Awards and Certification for its Quality and standards including ISO certificates.
ALLIED INSURANCE CEO/Managing Director
AHMED AMEEL
Year Started
1984
Employment
202
Industry
FINANCIAL AND INSURANCE
Ownership
99.98% STO - 0.02% MALDIVES GAS
In 1985, Allied Insurance Company of the Maldives started off as a joint venture between Commercial Union Assurance Company, UK and State Trading Organisation
(STO),
the
nationwide
leader
of
all
commercial activities in Maldives. In early 1987, STO bought-back shares of Union Assurance chartering Allied Insurance to continue doing the business as a subsidiary of the organization. Today with a local management, the company is one of the largest financial institutes and the most prominent insurance
brand
contributing
to
the
growth
and
across
the
development of the country. Our
customers
are
well
spread
geographical divides of the tiny island nation. From Allied Insuarance Company +960 330 0033 info@allied.mv www. a l l i e d . mv
the fisherman who owns small fishing boats to the major resort operators, our clients are varied in their trades and in their size. PRODUCTS
&
Expatriate
Insurance,
SERVICES:
Dive
Health
Insurance, Insurance,
Allied Home
Insurance, Inbound Travel Insurance Plan, Individual Personal Accident Insurance, Life Insurance, Motor Insurance,
Travel
Insurance,
Cargo
Insurance,
Consequential Loss Insurance, Contractors All Risk Insurance, DAN Short Term Dive Insurance, Electronic Equipment/Computer
Insurance,
EAR
Insurance,
Fidelity Guarantee Insurance, Fire Insurance, Group Term
Insurance,
Group
Health
Insurance,
Hull
Insurance, Machinery Breakdown Insurance, Group Personal
Accident
Insurance,
Insurance, Ayady Takaful Plans
Public
Liability
AMIN CONSTRUCTION CEO/Managing Director
ABDULLA MOHAMED
Year Started
1989
Employment
1625
Industry
CONSTRUCTION AND HARBOUR WORKS
Ownership
100 % LOCAL (PRIVATE HELD)
Founded in 1989, Amin construction has built a strong reputation for delivering quality services, on time, and at a competitive price. We pride ourselves on being skilled and experienced in all aspects of civil construction and this, combined with our extensive knowledge of the Maldives construction market, has established us as major players in this industry. Anchored by loyal employees who are dedicated to providing superior service, and grounded in the philosophy that honesty and integrity are as important as the bottom line. Our commitment to innovation and excellence invariably results
in
successfully
completed
projects
for
both
contractor and client. We understand and promote the idea of working as a partnership with our clients to ensure their Amin Construction P v t L t d
goals are met. At Amin Construction, we never rest upon our
+960 332 4369
laurels and are passionate and driven to continue the high
+ 9 6 0 3 3 2 674 0 projects@aminconstruction.net w w w. a m i n . c o m . m v
levels of customer satisfaction we have achieved over the past 25 years. We undertake a variety of projects for a wide range of cliental – from small private developments to large Government projects. Our unique and flexible project management systems ensure that a positive outcome is achieved regardless of size or nature of the project. PRODUCTS & SERVICES: Building
and
Civil
Carpentry and Joinery works,
Construction,
Timber
supplying,
Building product wholesale retail outlet, Heavy machinery hire & logistic services, Sea transfers for passengers & cargo, Laboratory and Geotech Services
ANTRAC HOLDING CEO
MOHAMED HAMEED HASSAN
Year Started
2003
Employment
200 +
Industry
MARINE SERVICES, TOURISM
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
EXPERT MOTORS PVT. LTD., WELL LAND INVESTMENTS PVT. LTD, INDIAN OCEAN CHARTERS PVT. LTD. MALDIVES PETROLEUM LINK PVT. LTD
A n t ra c H o l d i n g P v t Ltd ( A H P L ) i s a we l l - k n ow n a n d re p u te d co r p o ra t i o n e s t a b l i s h e d i n Th e R e p u b l i c o f M a l d i ve s f o u n d e d by M r. M o h a m e d H a m e e d i n 2 0 0 3 a f te r s e r v i n g i n va r i o u s p o s i t i o n s i n t h e f i e l d o f m a r i n e a n d to u r i s m i n d u s t r y. I n t h e s a m e ye a r, h e j o i n e d a n d a l l i e d w i t h M r. A b d u l H a n n a n , w h o a l s o h a d a g re a t d e a l o f ex p e r i e n ce i n t h e m a r i n e , to u r i s m a n d t ra d e i n d u s t r i e s . AHPL is synonymous with passion, commitment and dedication. AHPL is a dynamic and forward-looking organization with highly skilled and Antrac Holding Pvt Ltd +960 331 0096 manager@antracholding.com
ex p e r i e n ce d
p ro f e s s i o n a l s i n t h e f i e l d o f m a r i n e , f u e l - s u p p l y, re a l - e s t a te , t rave l a n d to u r i s m a n d g e n e ra l t ra d e .
www. a n t ra c h o l d i n g .co m
A n t ra c H o l d i n g i s p re s e n t l y t h e l e a d i n g m a r i n e s e r v i ce
p rov i d e r
a t te n d i n g
m o re
than
90%
of
fo re i g n t ra d e ve ss e l , c r u i s e s h i p s , l u x u r y ya c h t s , n ava l s h i p s , re s e a rc h s h i p s , s u r vey ve s s e l s , ro ro a n d h e avy l i f t s c a l l i n t h e M a l d i ve s . We a re a l s o o n e of
the
leading
t ra n s p o r t a t i o n
f re i g h t and
f o r wa rd i n g ,
i n te r n a t i o n a l
local t ra d i n g
co m p a n i e s i n M a l d i ve s . PRODUCTS & SERVICES: A n t ra c H o l d i n g o f f e r s a w i d e a r ray o f p ro d u c t s a n d s e r v i ce s . We d e a l i n p rov i d i n g
marine
s e r v i ce s ,
fuel
re a l - e s t a te
and
s e r v i ce s , s u p p l y,
f re i g h t
f o r wa rd i n g
a u to m o b i l e
co n s t r u c t i o n
s e r v i ce s ,
selling, g e n e ra l
t ra d i n g , h o s p i t a l i t y s e r v i ce s a n d c h a r te r s e r v i ce s .
ARIES ENTERPRISES CEO/Managing Director
AHMED MAUSOOM
Year Started
1984
Employment
45
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL (PRIVATE HELD)
The Company was founded two decades ago as a trader in souvenir items and its growth into the present
status
consumer
as
goods
a is
distributor the
of
fast
culmination
moving of
the
involvement and teamwork of its Directors and the employee
personnel.
The
distribution
channeled
itself to the spread out islands of this nation. Aries took to focus sharply on customer service with its philosophy that a satisfied customer is the most valuable asset and as such the task of creating and keeping the customer has always been uppermost in its mind. We are committed to providing you with the
best
quality
products
and
highest
level
of
customer service. Aries Maldives Pvt Ltd +960 333 5555 marketing@ariesmaldives.com
PRODUCTS & SERVICES: Currently our main lines of products are juices, tea, biscuits, cheese, frozen ready-to-fry chicken products, etc. We represent some of the finest international brands and we are pleased that many of these are market leaders in the Maldives as well. We are committed to providing you with the best quality
products
and
highest
level
of
customer
service. We serve a wide range of clients from the smallest to the largest shops, cafe's/restaurants and resorts. Our team of dedicated and experienced staff look forward to being of service to you.
ASIA FORWARDING CEO/Managing Director
AHMED ZIYADH MOHAMED
Year Started
2005
Employment
15
Industry
FREIGHT FORWARDING & LOGISTICS
Ownership
PARTNERSHIP
Subsidiaries
ASIA FORWARDING THAILAND LTD AFL SHIPPING LLC
The Maldives – a series of 1,190 coral islands spread across 26 natural atolls in the Indian Ocean – is enclosed within an area of 90,000 square kilometres (520 miles) of ocean. With ninety-nine percent of the country made up of sea, transportation of goods to and from the nearly 200 inhabited islands and over 180 resort destinations can be a daunting task. Timely and reliable delivery, and ensuring cargo safety, is an indispensable part of development, especially that of the country’s heavily-reliant tourism P R I V A T E
L I M I T E D
industry. Asia Forwarding Pvt. Ltd. takes on this challenge and provides the ultimate solutions in Project Cargo Handling; sea haulage of Full Container Loads (FCL),
Asia Forwarding Pvt Ltd +960 7775917 +960 9994106 ziyadh@theasiaforwarding.com
heavy equipment and unit cargo directly to project sites across the country. It is one of the leading freight forwarding and logistics providers in the country.
ishan@theasiaforwarding.com www.t h e a s i a fo r wa rd i n g .co m
PRODUCTS & SERVICES: In addition to handling project cargo, Asia Forwarding specializes in air and sea freight shipments to the country from over 2,400 cities across the globe. It provides an extensive array of sea freight services including assisting with urgent shipments, managing large volume shipments, as well as providing intermodal transport solutions. With consolidation as its core competency, it offers unmatched services with a global coverage network to more than 350 destinations. What makes Asia Forwarding stand out in the country’s freight forwarding industry is its acquaintance with carriers in all trade lanes, best practices in packaging, storage
and
warehousing,
and
seemingly ‘impossible’ deadlines.
assurance
to
meet
ASK HOLDINGS Managing Director
FAZLULLA IBRAHIM
Year Started
2004
Employment
43
Industry
HARDWARE AND BUILDING MATERIALS
Ownership
100% LOCAL (PRIVATE HELD)
ASK Holdings Pvt. Ltd is a leading provider of hardware and sanitary ware solutions. The company was founded by Mr. Ali Sulaiman with a straightforward intention of providing his children with a better life. Decades later, the company is a successful family run business, highly reputed for its hardware solutions, and a household name when it comes to sanitary ware. ASK Holdings Pvt. Ltd functions with a mission of maintaining quality standards for all its products, and providing store wide warranty services, best prices, reliable products and amenities to all its customers. The company also focuses on providing every customer with easy access to the finest quality tools for any job, and maintaining its reliable reputation as a one stop retailer for all building Ask Holdings Pvt Ltd +960 332 1550
products. The company believes in upholding the ethical
info@ask.com.mv
standards of their forefathers and demonstrates integrity by
www. a s k .co m . mv
trusting, respecting and empowering its employees and by operating every single day with authenticity, honesty and reliability. PRODUCTS & SERVICES: ASK Holdings Pvt. Ltd’s specialty areas include sanitary ware solutions, hardware solutions, floor tiles and wall tiles, finishing products for cleaning and maintenance, PVC pipes and fittings, furniture accessories, roofing materials, exterior and interior paint, electrical switches and door locks, ceiling and partition boards. The company also has a team of dedicated, young and innovative professionals who prioritize satisfying the needs of the company’s customers as quickly and easily as possible.
ASNA INVESTMENTS Chairman
ABDULLA NASHEED
Year Started
1997
Employment
86
Industry
TOURISM
Ownership
PRIVATE HELD
Subsidiaries
KAANI HOTELS
Kaani Hotels is the guesthouse brand of Asna Investment Pvt Ltd, established in 2012. Our company is founded on the knowledge and understanding that excellent service and a quality product is key to achieving the highest level of performance. This philosophy, combined with our dedication, years of experience and attention to detail has proven successful time after time and is the driving tool for achieving our company vision. PRODUCTS & SERVICES: Having been in the industry for over 4 years, Kaani Hotels is one of the Maldives leading guesthouse operators, with a portfolio that includes 5 operational properties and more new properties rapidly Asna Investments P v t L t d
being developed within the next few years. Current
+960 300 3626
properties include Kaani Beach Hotel, Kaani Village & Spa,
info@kaanihotels.com w w w. k a a n i h o t e l s . c o m
Kaani Grand Seaview, Kaani Lodge and Kaani Princess. Kaani Palm Beach is also set to open in 2018.
ASTERS CEO/Managing Director
IBRAHIM KALEEM
Year Started
1997
Employment
80
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL ( PRIVATE HELD)
Founded in 1997, Asters is the number one provider of high quality and affordable home and office furniture, electronic appliances, technology products and office supplies in the Maldives. “As a leading company, we always act with confidence and we are proud to win. We are not afraid to push ourselves to greater heights and we do not settle for less than being the best in the industry. To achieve this, we try to listen to our customers and to understand their needs. We offer products, services and innovative solutions at lowest prices.” With this strategy, Asters continues to sustain its growth and success. PRODUCTS & SERVICES: Home and Outdoor Furniture, Asters Pvt Ltd
Office
+960 331 6464
Appliances such as Washing Machines, Refrigerator and
sales@asters.com.mv asters.com.mv
Furniture,
Mobile
Storage
Systems,
Home
AC’s, all kind of Consumer Electronics including TV’s, Computer, Laptop, Mobile Phones and Speakers, IT and UPS Solutions, Network Solutions, Office Stationery, Office Supplies and Office Equipment.
BANK OF MALDIVES CEO/Managing Director
ANDREW HEALY
Year Started
1982
Employment
900 (99% LOCAL)
Industry
FINANCIAL AND INSURANCE
Ownership
PUBLIC OWNERSHIP
Bank of Maldives is the leading financial institution in Maldives. We are a full-service bank engaging across the complete spectrum of personal, SME and corporate
financial
services.
With
270,000
customers, we are privileged to touch the lives of almost
every
citizen
and
business
in
Maldives
through our extensive network of branches, agents, relationship managers and online banking facilities. We lend around MVR 3 billion each year to Maldivian individuals and businesses and therefore play a pivotal role as an engine of growth for the local economy. Our aim is to be a partner for success for our customers, to actively participate in community development and to create long-term value for our Bank Of Maldives PLC
shareholders.
+960 333 0200 info@bml.com.mv www. b a n ko f m a l d i ve s .co m . mv
PRODUCTS
&
SERVICES:
Services
for
personal
customers include Accounts, Loans, Credit Cards, Debit Cards, Internet Banking and Mobile Banking through a nationwide network of 31 branches, 78 ATMs, 4,000 Point of Sale merchants, 200 cash agents, 20 Self Service Banking Centres and 5 Dhoni Banking Units. Services for businesses include Accounts, Loans, Card Acquiring, Trade Services, Treasury Solutions, Payment
Gateway
and
E-Banking
Solutions,
all
supported by Dedicated Relationship Managers and Product Specialists.
BISON MALDIVES CEO/Managing Director
ABDUL MAJEED
Year Started
2002
Employment
350 - 400
Industry
TOURISM & CONSTRUCTION
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
BISON TRADING PVT LTD BISON TRAVEL MALDIVES PVT LTD BISON INTERNATIONAL PVT LTD UTHURUMAAFARU HOLDINGS PVT LTD
Bison
Maldives
Pvt
Ltd
was
incorporated
on
2 4 t h O c t o b e r 2 0 0 2 u n d e r M i n i s t r y o f Tr a d e a n d Industries in compliance with the Presidential D e c re e 1 0/9 6 . Th e co m p a ny i s m a i n l y e n g a g e d in construction, trading (Aluminium Extrusions and
Accessories
engagement in
and
Glass),
as
well
as
all types of businesses that are
related to tourism; including the development, leasing, the
owning,
construction,
management
of
tourist
operation resorts,
and
tourist
hotels, guest houses and vessels for the said Bison Maldives Pvt Ltd +960 331 5878 info@bison.com.mv
purpose and to act as a travel agent and tour o p e r a t o r.
www. b i s o n .co m . mv
PRODUCTS & SERVICES: Bison Maldives was the main contractor for Constance Halaveli resort development
and
it
has
been
completed
s u cce s s f u l l y i n ye a r 2 0 0 9 , a n d G d h . Meradhoo (Jumeirah Dhevanafushi ) completed successfully in ye a r 2 01 0. Af te r th e s e 2 pro j e c ts th e Co m pa ny engaged
with
One
&
Only
Reethi
Rah
for
all
refurbishment work, renovations and m o d e r n i z a t i o n wo r k
until
2015
December. A new development
project commenced in year 2015, Cocoon M a l d i ve s , co m p l e te d s u cce s s f u l l y i n ye a r 2 0 1 6 . T h e C o m p a n y is
to
embark
on
another
resort
d e ve l o p m e n t
p r o j e c t i n e a r l y 2 0 1 7, w i t h t o t a l r o o m c a p a c i t y o f 107 at R. Uthurumaafaru.
BLUE HORIZON CEO/Managing Director
AHMED ZUBAIR ADAM
Year Started
1994
Employment
30 - 40
Industry
SAFARI OPERATOR
Ownership
100% LOCAL (PRIVATE HELD)
Blue Horizon offers diving and surfing adventures that are tailored to ensure that clients get to fully enjoy and explore the beauty of the Maldives like no other. With over 22 years of experience in the industry Blue Horizon is one of the most established and award winning liveaboard and dive operators in the Maldives. The company has won the Liveaboard Operator of the Year Award in 2014, Best Surf Safari Award in 2016 and Best Crew Team Award in 2014 and 2016 in the Maldives Boating Awards. PRODUCTS
&
SERVICES:
Blue
Horizon
currently
operates two motorized yachts. Horizon III – The Ocean Oasis is a luxury liveaboard with 11 rooms Blue Horizon Pvt Ltd +960 332 1169 travel@blue-horizon.com.mv www. b l u e - h o r i zo n .co m . mv
offering diving and surfing charters. The facilities on board consists of air conditioned twin / double rooms with
private
bathrooms,
a
restaurant,
sun
deck,
massage room, jacuzzi and sauna. The Horizon II has 6 rooms and offer surfing charters. We are also one of the few companies in the Maldives offering
sailing
experiences
on
catamarans.
Blue
Horizon operates two sailing catamarans, namely Sun Kissed and White Sand. They have four rooms each and offer sailing and surfing cruises, half day and day charters, sunrise and sunset cruises, private dining and customised cruises. Furthermore, Blue Horizon operates a Dive Centre in the beautiful island of Vaavu Thinadhoo
and
offers
the
perfect
adventures
to
explore some of the best dive spots in the world. We ensure that our clients create the memories of a lifetime with us.
BRIGHT BROTHERS CEO/Managing Director
ABDUL SAMAD
Year Started
1984
Employment
200 +
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL (PRIVATE HELD)
In 1984, two brothers, Mohamed Thowfeequ and Abdul Samad, agreed between themselves to start a small business under the name ‘Bright Brothers’ with the objective of servicing and repairing refrigeration and air-conditioning equipment. In its early days, Bright Brothers operated out of a back room of their house. As the business grew the brothers began to employ people. For over 30 years Bright Brothers Pvt. Ltd. has made their unique impression and established a prominence in
the
field
of
refrigeration
and
air-conditioning
services in the Maldives. Today Bright Brothers Pvt. Ltd. is a highly successful, responsive and dynamic company Bright Brothers Pvt Ltd +960 332 8333 info@brightbrothers.mv www. b r i g h t b ro t h e r s .co m . mv
which
specializes
in
providing
a
well
integrated range of air-conditioning services and mass-market consumer products. Bright Brothers’ impressive growth report has its roots in its objective to provide exceptional quality and value for customers. Bright Brothers has gradually built lasting and mutually beneficial relationships with business partners, suppliers and service providers around the globe. PRODUCTS & SERVICES: What started as a small business has now grown and evolved to include the supermarket chain AGORA, which provides quality and affordable food and consumer products. In the recent
years,
ARGO
was
established
to
provide
fisheries, marine, and fuel services for fishermen and local communities.
CANOPUS MALDIVES CEO/Managing Director
MOHAMED WAHEED HASSAN
Year Started
2000
Employment
89
Industry
TOURISM, REAL ESTATE AND TRADING
Ownership
100% LOCAL
Subsidiaries
SURPASS CANOPUS MALDIVES CANOPUS RETREATS AKQUASUN CANOPUS MALDIVES SEA RETREATS
Formed as a family business in 1997, Canopus took its first steps in the tourism industry of Maldives with two liveaboards, Dhinasha and Orca. Over the years we have diversified our activities to Real Estate
Development,
Destination
Management
Company (through Akquasun Canopus Maldives), Trading
business
(through
Surpass
Canopus
Maldives), Guesthouse Development & Operations (through
Canopus
Retreats),
and
Dive
&
Water
Sports Services (through Sea Retreats). We look for quality Canopus Maldives Pvt Ltd +960 332 1079 +960 332 5397 marketing@canopusmaldives.com www.c a n o p u s m a l d i ve s .co m
investment
opportunities
which
provide
above market returns while helping limit risk over the
long
term.
We
welcome
investors
who
are
committed, consistent and disciplined to talk with us with
their
business
proposals.
Our
success
has
always been based on the exceptional quality of our partners and our team. PRODUCTS & SERVICES: Canopus owns and operates Dhinasha Liveaboard and the serviced apartment residence at Maavehi. Our travel agency, Akquasun, offers a complete range of inbound travel services. Our
trading
company,
Surpass,
covers
trading
activities and is the exclusive distributor for CaffÊ d’ Italia. Sea Retreats provides diving and water sports. And our guesthouse, Canopus Retreats, owns and operates a 12 room guesthouse with a spa and a fusion restaurant in the island of Thulusdhoo.
CENTURION TRANSPORT SOLUTIONS CEO/Managing Director
AIMON JAMEEL
Year Started
2010
Employment
72
Industry
SHIPPING AND LOGISTICS
Ownership
MAJOR SHAREHOLDER IS CENTURION PLC
Centurion is a multi-disciplinary business undertaking in the Maldives registered in 2010, providing reliable and effective transport solutions to the shipping and airline industry, specializing in the delivery of cargo from anywhere in the world to any location within Maldives. It is a comprehensive third party logistics company. Centurion operates with more than 70 staff from three locations in Maldives covering Northern and Southern ports. Its partner networks gives it a global reach providing
its
customers
with
total
transportation
solutions, such as liner agency services, logistics, freight forwarding and related services. CTS operates C e n t u r i o n Tr a n s p o r t Solutions Pvt Ltd +960 330 9668 info@centurion.mv www.ce n t u r i o n . mv
a fleet of boats with modern refrigerated and cooling systems specially catering to the tourism industry to keep resorts supplied with fresh produce. PRODUCTS & SERVICES: Centurion has three active business divisions representing its principal activities. Shipping
Services
Division
provides
ship
agency
services including bunkering and maritime security services. The Freight Management Division is primarily tasked with handling both inbound and out bound air and sea cargo. Its services include supply chain solutions including door-to-door delivery and customs clearance.
The
Logistics
Management
Division
is
primarily tasked with business activities such as vendor management, cargo and heavy logistics and perishable logistics services.
CHANDELIER COMPANY CEO/Managing Director
HASSAN HUSSAIN
Year Started
1980
Employment
130
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL (PRIVATE HELD)
Chandelier was a Proprietorship Business established in 1980 & taken-over by Chandelier Company Pvt Ltd in 2008. During the past years of service we have established the company as the leading suppliers of high quality stationery items & consumable office products throughout the Republic of Maldives. Chandelier Company Pvt Ltd aims to provide quality products with efficient service to its customers. In order
to
meet
the
growing
expectations
of
the
customers, the company has enhanced its network, with six branches, geographically spread from the north to the south of the country. PRODUCTS Chandelier Company Pvt Ltd +960 960 332 7858 s a l e s @ c h a n d e l i e r. c o m . m v w w w. c h a n d e l i e r. c o m . m v
&
SERVICES: Chandelier is the leading
Stationery and office equipment suppliers in the Maldives & region. At present Chandelier Company is the authorized dealer for brands such as, viz. PAPER ONE COPIER (Indonesia), CAMPAP (Malaysia),
SEAKING
(Singapore),
POLAR BEAR (Singapore) etc. As far as our clients are concerned we deal with all prominent
Government
Offices,
Schools,
Banks,
Organizations, Hotels and Resorts as well as with the private sector. Towards this end we have a dedicated team of marketing personnel who are always ready to respond to Customer needs.
CITY INVESTMENTS Chairman
ALI FAHEEM
Year Started
2002
Employment
157
Industry
FOOD SERVICE ACTIVITIES
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
ALTITUDE PVT LTD
City Investments (Pvt) Ltd was founded in 2002, driven by a passion for food and a shared vision among the founders to revolutionize the dining and socializing scene in Male’. The founders were keenly aware that local businesses were struggling to keep pace with the growing and changing demands of the Maldivian population. With this in mind, they aspired to provide the capital city Male’ and its people, the “city life” they truly deserved. PRODUCTS & SERVICES: At the heart of our business is City Bakery, with its diverse range of breads, cakes, pasties and ingredients supplied to Male’ and some atolls too. When the initial City Bakery outlet was launched in 2002, it was the City Investments Pvt Ltd +960 799 0558
first of its kind in the country. City Bakery pioneered the
i n f o @ c i t y. c o m . m v
bread, to meet the expectations of the modern discerning
s a l e s @ c i t y. c o m . m v
customer, who required diversity, nutrition, style and a
w w w. c i t y. c o m . m v
freshly made, high quality product. Even today, City Bakery is proud to be the market leader in baked goods, with the most extensive distribution network, as well as several bakery outlets, cafes/deli’s and restaurants in Male’ and Hulhumale’. City Investments also prides itself on being the sole importer and distributor for a number of well-known brands of products
sourced
from
their
prestigious
international
suppliers. In 2013, City Investments also launched a full-fledged
hygiene
and
cleaning
product
line
for
housekeeping, kitchens and laundries, by the name of City Innovative Hygiene. These products originate from Austria and are used by several upmarket hotels across Europe.
CO-LOAD MALDIVES CEO/Managing Director
ABBAS MOHAMMED
Year Started
2011
Employment
121
Industry
WHOLESALE AND RETAIL TRADE
Ownership
PRIVATE HELD
Co-Load Maldives Pvt Ltd came into existence in the year 1986. Our first line of business was in cargo clearance involving air and sea cargo for importers and exporters with notable clients such as UNDP, Alcatel and Indoex (for an international scientific expedition), to name but a few. We
expanded
quite
rapidly
and
this
helped
us
successfully enter into agreements with air cargo agents in the ASEAN and a few European countries that made us their agent in the Maldives, handling all of their customer requirements in all aspects of the trade. PRODUCTS & SERVICES:
Color Bank began operations
in 1994 after signing an exclusive agreement with UK’s Co-Load Maldives Pvt Ltd +960 332 0450
Crown Paints Ltd. Today they are further established as
admin@coload.com.mv
the sole distributors of several world-renowned brands
www.co l o a d .co m . mv
in the world of paint. Co-Load Development Pvt Ltd began their operations in 2011 as a real estate and construction company in the Maldives. estate
properties,
and
after
With two real
several
successfully
completed construction projects, at present we are already established as a reliable and quality contractor in the Maldives. Ace Hardware and Home Center was established in the Maldives in 2011, bringing Ace’s wide variety of hardware, home, DIY and niche products as well
as
its
trademark
excellence
knowledgeable, helpful customer service.
in
providing
COASTLINE INVESTMENTS CEO/Managing Director
AHMED UMAR MANIKU
Year Started
1994
Employment
1300
Industry
TOURISM, REAL ESTATE, OIL & GAS, AIRPORT DEVELOPMENT, LUXURY YACHT BUILDING AND CONSTRUCTION
Ownership
100% LOCAL
Subsidiaries
COASTLINE HOTEL & RESORTS, KANUFUSHI INVESTMENTS, IFURU INVESTMENTS, PLATINUM REAL ESTATE DEVELOPMENT, AL SHAALI MARINE, THE SMALL MALDIVES ISLAND
Since the inception of the group’s flagship company Coastline Investments in 1994, the name Coastline has become synonymous with corporate strength, quality and integrity. Today the group has diversified to four main lines of businesses, which includes import and distribution of fuel oils and petroleum products, development of resorts and airports, boat building and the development of residential properties. Coastline supports the development of tourism Coastline Investments Pvt Ltd info@coastlinegroup.com.mv www.co a st l i n e g ro u p.co m . mv
through its businesses in property and infrastructure development, and its comprehensive distribution network that supplies fuel to nearly half of the resorts in the country. It is the largest importer and distributor of Fuel Related Products such as Marine Gasoil and Mo Gas to resorts in the Maldives servicing 65% of the resorts in the country through their company Asian Gasoil. PRODUCTS & SERVICES: Coastline is engaged in logistics, Oil Importing, Storage and Distribution, Luxury Resort Development and Management, Luxury Condominium Development, Airport Ownership and Development.
COPIER PLUS CEO/Managing Director
HASSAN MUNEER
Year Started
2004
Employment
20
Industry
OFFICE AUTOMATION AND ELECTRONICS
Ownership
100% LOCAL ( PRIVATE HELD)
Copier Plus P vt. Ltd is a total solution provider for copier, printing, copying, facsimile related services and products for businesses in Maldives. It is a Malé based business. Copier Plus P vt. Ltd previously operated under the name of Copier Repair. On 27th January 2004, Copier Plus Ltd was formed as the authorized distributor of TOSHIBA e-studio
P
COPIER PLUS PVT LTD
products, and in 2006 Copier Plus managed to get authorized distributorship for BROTHER products. From
the
managed
+960 799 9282 info@copierplus.com.mv www.co p i e r p l u s .co m . mv
of
establishment,
scheduling,
Copier
procurement,
Plus press
operations, employees and customer service issues for the Company. Our marketing strategies that involves
Copier Plus Pvt Ltd
time
direct
mail,
telephone
solicitation
and
social media platforms. To facilitate this marketing strategy, Copier Plus P vt. Ltd brought on board a number of qualified employees. PRODUCTS
&
SERVICES:
With
a
dedication
to
product quality and excellent customer service, we offer home, home office, and business products, as well as industrial solutions. The globally-recognized Brother range
Product of
all-in-ones,
line
printers the
includes
and
CES
an
award-winning
Multi-Function
and
CHA
Center®
Award-winning
ScanNCut, the market-leading P-touch® electronic labeling line, and document management solutions. Warranty and Service is provided to all our products on site.
CROWN & CHAMPA RESORTS CEO/Managing Director
DAVID S. FEINBERG
Year Started
2000
Employment
3000
Industry
HOSPITALITY
Ownership
PRIVATE HELD
Subsidiaries
CHAMPA RESORTS, CHAMPA BROTHERS, CROWN COMPANY, CROWN TOURS, GLOBAL PVT.LTD., KASA HOLDINGS, KOMANDOO HOLDINGS, KUREDU HOLDINGS, MANTA MALDIVES, MFLC MALDIVES, SEAGULL PVT. LTD., TREE TOP HEALTH, TREE TOP INVESTMENTS, VOYAGES MALDIVES
Crown & Champa Resorts "CCR" is a trade name for a group of resort hotels in the Republic of Maldives, owned and operated by various Maldivian and foreign partners, whose common interest is to work together to achieve better business performance. These common interests
include
but
are
not
limited
to:
new
development, design, concept, construction, marketing Crown & Champa Resorts Pvt Ltd +960 664 0219
& sales, operations, finance, purchasing, and human resources development. CCR was established in 2000.
info@crownandchamparesorts.com www.c row n a n d c h a m p a re s o r t s .co m
Our Mission is to exceed the expectations of our guests, our partners and fellow employees. Our shared values across CCR allow us to deliver the unique combination of outstanding accommodation, service and the highest levels
of
customer
satisfaction,
with
extraordinary
emphasis on the creation of value. PRODUCTS & SERVICES: With a current portfolio of 7 hotel and resorts: Hurawalhi Island Resort & Spa (opened December, 2016), Komandoo Island Resort & Spa, Kudadoo Island Resort & Spa (opening March, 2017), Kuredu Island Resort & Spa, Meeru Island Resort & Spa
Veligandu Island Resort & Spa, Vilamendhoo
Island Resort & Spa, and Champa Central Hotel. Various projects are under consideration in the Maldives, the Indian Ocean and Southeast Asia regions.
DHIVEHI RAAJJEYGE GULHUN CEO
ISMAIL RASHEED
Year Started
1988
Employment
600 +
Industry
TELECOMMUNICATION
Ownership
BTC ISLANDS LIMITED (BATELCO) HOLDING 52%, GOVERNMENT OF THE MALDIVES 41.8% & 6.2% OF SHARES ARE HELD BY THE GENERAL PUBLIC.
Dhiraagu is the leading and the largest digital service provider in the Maldives. Our business is based on a commitment
to
providing
innovative
products
and
services and a philosophy that places high value on customer experience. With over 500,000 customers, and employing 99% trained Maldivians present in 9 strategically located operating centres across the country, we remain the leading digital service provider in the Maldives. We provide the widest coverage in the Maldives, covering all of the country’s inhabited islands, resorts and major industrial islands. We are also the largest investor in Dhivehi Raajjeyge Gulhun Plc +960 332 2802 info@dhiraagu.com.mv www.d h i ra a g u .co m . mv
telecommunications
infrastructure
in
the
Maldives
including the country’s first 1200km underwater fiber optic submarine cable network connecting from North to South-forming the backbone of the nation’s most reliable 3G/4G LTE and fixed broadband network. With close to 3 decades of excellence and a proven record of success, we are focused on empowering Maldivian businesses to flourish in an increasingly connected world. PRODUCTS & SERVICES: We offer a comprehensive range of mobile, Internet, data and fixed services and ensure reliable international connectivity and coverage within
Maldives.
Our
customers
include
individual
consumers, small to medium businesses, corporate and government institutions.
DHIVEHI VIUGA CEO/Managing Director
ABDUL RASHEED
Year Started
2005
Employment
50 +
Industry
TELECOMMUNICATION
Ownership
100% LOCAL (PRIVATE HELD)
DV is a network infrastructure solution provider that provides state-of-the-art service through a mixed team of local and foreign professionals with the mission of delivering unparalleled service and support to both Maldivian and International markets. DV is a Maldivian based company that has been in business since 2004. Since then the company has developed its reputation as one of the best network solution provider in the country, especially for the hotel industry in Maldives. Prior to the establishment of the company, the founders of the company have 15 years of experience in developing different kind of network for the hotel industry. Dhivehi Viuga Pvt Ltd +960 334 4652 info@dhivehiviuga.com w w w. d h i ve h i v i u g a .co m
PRODUCTS & SERVICES: We have provided our services to some of the well known brands in Maldives including Club Med, Anantara, W HOTELS, One & Only, Robinson club and many more. You can find more details regarding our past and present projects in the Past Project and Current Project sections of our website. We are well equipped with all kinds of sophisticated equipment needed for the job, together with well-trained and experienced engineers. We have experience in turn key
projects
hotel/resorts
which that
develops
includes
:
all
the
Unified
networks
in
Communication
Solutions, IPTV Solutions, Multi Platform Data Solutions Sound
Solutions,
In-room
Automation and BMS Service.
Entertainment
&
Room
DTECH COMPANY CEO/Managing Director
MASEEH IMAD
Year Started
1998
Employment
30
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL ( PRIVATE HELD)
To
transform
the
power
generation
and
propulsion
industry in Maldives, dTECh came into existence in 1998. During its short life span dTECh has surpassed several important
milestones
and
dominated
the
power
generation sector in all inhabited islands. This is a clear indication that dTECh is a reliable engineering partner to depend on. Today
dTECh
is
more
than
a
Brand.
The
sole
distributorship products that dTECh holds are the best in the world. dTECh has undertaken Power Generation Projects in almost 75%
of inhabited islands and many
tourist resorts on turnkey basis. This clearly reflects the quality of the products and services rendered by dTECh team. dTECH Company Pvt Ltd +960 331 2080
Team dTECh has climbed up the ladder within the industry
info@dtech.com.mv
with dedication and hard work of its well trained and
www.d te c h .co m . mv
disciplined staff. No doubt still there is a long way to go to stay on the top. PRODUCTS & SERVICES: dTECh has been the Sole Distributor for DEUTZ, Evinrude and SEA-DOO brand products in Maldives along with various other electrical and electronic hardware products. Being the only engine manufacturer in the world in 1864, Duetz offers the most successful engine systems in the world. Sea-doo Jet ski are premium products designed by BRP
group.
Evinrude
Outboard
Engines
are
also
state-of-art high-tech machines, again a fine piece of technology by BRP. In addition to selling world leading products dTECh has now been established and branded as the leading service provider in various technical areas.
ENSIS FISHERIES CEO/Managing Director
MOHAMED WASEEM ISMAIL
Year Started
2002
Employment
457
Industry
FOOD SERVICE ACTIVITIES
Ownership
PRIVATE HELD
Subsidiaries
ASPIRE PVT LTD, WAMS PVT LTD, DREAMSCAPE PVT LTD, MALFISH PVT LTD, ENSIS INVESTMENTS, DHIVEHI INSURANCE NIRUTHA PVT LTD, EXEN LOGISTICS, ENSIS REALTY TRAVELPASS MALDIVES PVT LTD
Ensis Fisheries is the major exporter of fresh chilled Tuna from the Maldives. The state-of-the-art fish processing plant is located within 10 minutes drive to the airport and 20 minutes journey to the main seaport giving the best logistical advantage. The company has its own fleet of refrigerated trucks to transport the products in temperature controlled conditions that preserves the integrity of the cold chain from harvest to the customer. They have gained a strong reputation in major markets of Europe and worldwide, as an industry certified reliable supplier of sustainable Tuna. The company coordinates its operations Ensis Fisheries Pvt Ltd +960 335 6677
through their office in Frankfurt and also maintains a presence in New York and Colombo.
info@ensisgroup.com www.e n s i s f i s h e r i e s .co m
PRODUCTS & SERVICES: We offer a large variety of Tuna products, consisting of Yellowfin G & G, Yellowfin Tuna Loin, Yellowfin H & G, Yellowfin Tuna Chunks, Skipjack Tuna Loin, Frozen Yellowfin Tuna Steaks and Frozen Skipjack Tuna Steaks, in addition to Tuna Cans and Tuna Pouches. We work closely with our community, to bring change for the better, in line with our Corporate Social Responsibility.
We
assist
schools
and
community
organizations with financial contributions, sponsorship and other forms of support. We also support the fishing communities and the fishermen by providing them soft loans, cool boxes for Tuna and assistance in maintenance and repairs. We strive to uphold the best practices in sustainable fishery and always assure the highest quality in our products and services.
FALIM GROUP Managing Director
Ahmed Ali
Year Started
1996
Employment
200 +
Industry
TOURISM, EDUCATION, CONSTRUCTION
Ownership
PRIVATE HELD (100% LOCAL)
Subsidiaries
MOODHU HOLIDAYS, HAZA CONSTRUCTION, MAPS COLLEGE, MAPS INTERNATIONAL HIGH, AMINA MARINE, AMINA RESIDENCE, ICS MALDIVES, TOYS WORLD
Since its inception, more than a decade ago in 1996, FALIM Group Private Limited is actively involved in delivering a diversified range of products and services to cater to the various segments of the Maldivian population. From very humble beginnings, the company has grown many folds in terms of the value of its output, number of staff employed, as well as the value of assets owned. PRODUCTS & SERVICES: Moodhu Holidays Maldives, one of the recent investments of FALIM Group, aims to provide its clientele the best of Maldives by offering a "hassle free" Falim Group Pvt Ltd +960 333 7792
vacation
experience
they
will
remember.
HAZA
+960 332 4216
Construction Private Limited is the youngest yet the fastest
info@falim.com.mv
growing investment of FALIM Group, which has the
www.fa l i m .co m . mv
capacity to handle any type or scale of construction project, as is reflected in its slogan "No job is too big or small, we can do it!". ICS Maldives Private Limited, previously known as lnsight Consultancy Services, was the first ever investment made by Mr. Mohamed Ali, who is one of the Directory shareholders of FALIM Group Private Limited. MAPS International High providing quality, reliable and affordable higher secondary education in the Maldives with over 12 years of experience in the field. The MAPS College, the winner of the President's National Award, established in 1999, is the best and the longest serving private higher education provider for ACCA, ABE, CTH, Edexcel and AIB in the Maldives.
FOCUS COMPUTERS CEO/Managing Director
AHMED DIDI
Year Started
1994
Employment
45
Industry
ICT Sales & Services
Ownership
100% LOCAL ( PRIVATE HELD)
Since its inception in 1994, FOCUS is one of the key players in providing ICT Solutions in the Maldives. Our aim is to create a unique customer experience with combined technology and support services. We
are
committed
technologies responding
and to
to
services
customers’
ensure
cutting
to
customers
our
needs,
through
edge by
quality
service and delivery. As an institution we believe in good governance and integrity in dealing with our suppliers, customers and associates. PRODUCTS & SERVICES: We
serve
customers
in
commercial and consumer markets through direct channels, and partner with major manufacturers, Focus Computers Pvt Ltd +960 332 1415 info@focuscomp.com www.fo c u s co m p.co m
service
companies,
resellers,
distributors
and
warranty service providers in delivering solutions and services. Our aim is to create a unique customers experience with combined technology and support services. Our well trained, committed team will always be at your service, willing to assist and empower your ICT needs. Selection of our specialised solutions and services: Networking Solutions, Server and Storage, Managed Security, Firewall & Content Filtering, Emails / Spam Protection, Business Continuity, Disaster Planning, Backup & Recovery, Cloud Services, VoIP, Consulting & Training, Support Services.
FUEL EXPRESS MALDIVES CEO/Managing Director
MOHAMED SHIHAB
Year Started
2011
Employment
20 - 30
Industry
SUPPLIER OF FUEL AND LUBRICANTS
Ownership
100% LOCAL (PRIVATE HELD)
Fuel Express Maldives (FEM) is a local fuel supplier, established with the intention to make a positive difference in the industry. Our aim is that through our exceptional service, we will constantly serve our customers with the highest quality of (diesel and petrol) fuel and associated lubricants. Awarded the Best Bunkering and Fuel Supplier of the Year
at
the
Boating
Award
2016
organized
by
Liveaboard Association of Maldives (LAM), our pride is that we operate with a zero tolerance policy on quality compromise and an aim to outperform the expectation of our customers by always delivering a reliable service.
guaranteeing
our
customers
the
highest
quality of fuel, our first priority is always the service Fuel Express Maldives Pvt Ltd +960 300 1717 info@fem.com.mv
we offer to our customer - ensuring that we deliver as promised on time, every time.
www.fe m .co m . mv
PRODUCTS & SERVICES: We supply the highest grade of petroleum, diesel and lubricants as required by our customers, and for which we have the capacity to supply and deliver to our numerous types of clients operating
and
located
throughout
the
Maldives.
Whether your requirement is for a resort, a vessel at sea or a location within Male’, through our extensive vessel fleet of various capacities and our bowser fleet operating to the delivery services within Male’, we operate to provide an exceptional service for all your bunkering
and
fueling
requirements.
While
the
product may be generic in nature, what makes us unique is our quality assurance and our commitment to service quality.
FUEL SUPPLIES MALDIVES CEO/Managing Director
AHMED WAFIR
Year Started
2001
Employment
359
Industry
FUEL LOGISTICS / BOATYARD
Ownership
STATE TRADING ORGANIZATION PLC
Fuel Supplies Maldives exists to provide fuel and fuel related services and products in Maldives. The company was registered on 18th December 2000, and started its operations from 1st January 2001. Since then, the company’s purpose has been to act as a fuel distribution arm of State Trading Organization PLC. FSM has now diversified its business into the boat building and repairing sector. More than 65% of the fuel imported to Maldives is distributed through FSM. FSM owns the largest fleet of vessel and vehicles dedicated to fuel distribution in the country. PRODUCTS & SERVICES: Main products dealt by FSM are Fuel Supplies Maldives Pvt Ltd
Diesel
(MGO),
Petrol
(ULG)
and
Kerosene
(JET-A1). FSM is well known in the industry as the
+960 333 6655
provider of the best quality fuel in the Maldives. In
marketing@fuelmaldives.net
addition FSM provides fuel related machineries and
www.f s m . mv
spares, and our boatyard provides docking and repair services to vessels.
GOLD COIN INTERNATIONAL Managing Director
ABDUL AZEEZ ABDUL RAHMAN
Year Started
2008
Employment
50 +
Industry
TRADING / TOURISM / TRANSPORT
Ownership
PRIVATE HELD
GCI Maldives PVT. LTD. was founded with a vision to provide professional and reliable logistical solutions for businesses locally and internationally. It has always been our passion to exceed customer expectations and to continuously push ourselves to raise the bar for logistical services in Maldives. Today we are a Maldivian freight forwarding and logistics industry leader, fully geared to offer you with complete logistical solutions for shipments of any size by air or by sea in and out of Maldives. We also partner with some of the strongest international logistics networks to ensure that our customers enjoy convenient, reliable, and professional services, with full financial protection. In Maldives, we operate with a strong team of highly trained staff, all committed to getting it right every time. We have been working with a vast range of customers from a variety of GCI Maldives Pvt Ltd +960 300 0918
countries with unique requirements. We firmly believe in a
info@gcimaldives.com
business environment with strong partnerships with our
www.g c i m a l d i ve s .co m
customers, based on trust, founded through honest, reliable, and responsible partnerships. PRODUCTS & SERVICES: Our logistical capabilities allow us to handle shipments of any size by air and by sea, in and out of any port in Maldives. We offer you services starting from warehousing your goods to packaging, supervising them carefully at all stages on the export process. All required documentation is prepared for you based on international best practice and with a special emphasis on destination port regulations to provide you with the most convenient cargo clearance process. Our services are air freight services, sea freight services, import & export services, door step delivery services, sourcing products services, delivery order services and customs clearance services.
HANDY HOLDINGS CEO/Managing Director
HASSAN HALEEM
Year Started
1993
Employment
50
Industry
TRADING / TOURISM / TRANSPORT
Ownership
PRIVATE HELD (100% LOCAL)
Handy Holdings is a group of companies, providing innovative
solutions
in
various
business
sectors.
Founded in 1993, Handy Group’s first business was a specialized and a dedicated undergarments shop in Male’. In a time when specialized shops were not the norm, taking this bold step gave a lot of strength and energy to the team of Handy, and helped Handy to grow into the brand it is today. Over the past two decades, Handy has now grown to be a well-established business brand in the Maldives, better known
among
the
business
community
as
Handy
Hassan’s visionary and innovative business enterprise. Today, Handy is represented in many specific business segments including retail, construction, service and Handy Holdings Pvt Ltd +960 331 0812 info@handyholdings.com
repair, transport, real estate and tourism, among many other segments.
www. ha nd y h o l d i ng s .com
PRODUCTS
&
SERVICES:
Retail:
building
and
construction materials with a specific focus on tiles, sanitary wear, doors, gypsum board, cornice and many other building and household products. Service & Repair: a dedicated motorbike service center, offering maintenance and repair service for motor cycles, in addition to selling up-to-date spare parts. Transport: speed boats available for rent, for transport needs within the Maldives.
Tourism: a premium luxury safari
vessel, combining comfort and style for today’s tourists. Manufacturing: a water bottling factory selling drinking water in the Maldives. Heavy vehicles: a landing craft available for rent.
HAPPY MARKET CEO/Managing Director
MOHAMED NAEEM
Year Started
1992
Employment
175
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL ( PRIVATE HELD)
Happy Market Trading Company P vt Ltd (HMT) is a premium food and beverage importer & distributor operating in the Maldives. Established in 1992, the main priority of the business is to provide a wider range of healthier & premium quality choices of edibles
to
the
public.
The
dedication
towards
providing indisputable food solutions enabled the company to achieve exclusive distributorship for several world renowned F&B brands to the Maldives. Our associated brands are stored and well managed by our team in accordance to the guidelines and standard of HACCP. Happy Market is dedicated to enhancing all aspects of Maldives via socio-economic programs, and focus on environmental stewardship H a p p y M a r k e t Tr a d i n g Company Pvt Ltd +960 331 3523 info@happymarket.com.mv
activities for a healthier society while committing to build shareholders value by being a truly sustainable organization.
www. h a p py m a r ke t .co m . mv
PRODUCTS & SERVICES: Happy Market serves the Maldivian business community and the public at large with most comprehensive food & beverage supplies and other necessities at a competitive price. Happy Market sources top quality brands from around
the
world
&
maintains
an
excellent
distributor network in Male’, the capital city and throughout the atolls. We prioritise delivering highly desired products to both individual customers and to
business
associates
and
provide
excellent
customer service through our trained personnel with the support of advanced technology to safeguard clients complete satisfaction.
HC LINE CEO/Managing Director
MOHAMED ISHAN
Year Started
2006
Employment
25
Industry
SHIPPING
Ownership
100% LOCAL
HC Line is the only 100% local owned commercial shipping line in the Maldives today. We own and operate the only container vessel under the Maldives flag. HC Line has established itself in the international stage, securing support and agreements with the biggest shipping lines in the world such as MSC, PIL, APL, MSK to name a few. After the collapse of Maldives National Shipping Limited (which was government owned), HC Line has become the representative of the Maldives shipping industry to the outside world. HC Line is currently in the process of expanding it's service sectors to the Indian Sub-Continent. As part of this goal, the company has joined a network of 15 other ships that run in the region.
HC Line Pvt. Ltd
PRODUCTS & SERVICES: Our main service is called the
+960 332 0202
Colombo-MalĂŠ Express (CMX) Service, which is a shuttle
marketing@hcline.mv
service between Colombo & MalĂŠ within 10 days time. Our
www. h c l i n e. mv
agent HEMAS is the booking agent abroad and will be the point of contact in Colombo to accept cargo. HC Line offers slots on the vessel to container owners while it also provides shipping containers to shippers that have the cargo but do not own shipping containers. HC Line also provides our services for those who wish to load cargo into Maldives on a smaller scale. Our 'Break Bulk Shipping' service allows easy and economical options to private individuals who wish to ship personal effects or small to midsize items in and out of the country. HC Line also enables shippers to deliver their cargo into the country and to any port or island they require.
HOTELS & RESORT CONSTRUCTION Chairman
MOHAMED ALI JANAH
Year Started
2007
Employment
1550 +
Industry
CONSTRUCTION & RESORT DEVELOPMENT
Ownership
100% LOCAL (PRIVATE HELD)
Hotels & Resort Construction Private Limited is engaged in providing distinctive excellence in the construction of hotels and exquisite island resorts. It started off as an exclusive resort builder in the Maldives in 2007 as an off-shoot of the parent company Alysen Services Private Limited formed in 1979. The Company is engaged in total turnkey construction of resort properties in the Maldives and overseas and is equipped with cutting edge technology, machinery, extensive experience and skilled human resources to undertake multiple large-scale resort construction projects
on
total
turnkey
basis.
Having
in-house
capabilities for design and engineering as well as Hotels & Resort Construction Pvt Ltd +960 332 5602 info@hotelsresortsconstruction.com w w w. h o t e l s r e s o r t s c o n s t r u c t i o n . c o m
project implementation and project management, we offer the clients a one-stop construction solution for delivering
finished
and
ready-to-operate
resort
properties. PRODUCTS
&
SERVICES:
Total
turnkey
resort
construction, general contracting and trade, structural / architectural / interior design, logistics and MEP solutions for resorts, reclamation and shore protection consultancy and contracting plus various other resort construction related services and resort maintenance works.
HOUSING DEVELOPMENT CORPORATION CEO/Managing Director
MOHAMED SAIMAN
Year Started
2001
Employment
500 +
Industry
REAL ESTATE / CITY DEVELOPMENT
Ownership
100% GOVERNMENT
Housing Development Corporation Limited (HDC) is a 100% state owned enterprise formed by presidential decree, initially established in 2001. HDC acts as the master
developer,
builder
and
regulator
for
the
development of Hulhumalé, a planned city situated in the
capital
region.
Achieving
a
milestone,
the
corporation now stands proudly in its 16th year of existence. HDC is currently working towards creating Hulhumalé to become the first smart and sustainable city in Maldives and is involved in undertaking projects of hospitality, industrial, recreational, commercial and residential in nature, many of which are unique and of a scale unseen in the country. Housing Development Corporation Ltd +960 335 5100 mail@hdc.com.mv www. h d c .co m . mv
PRODUCTS & SERVICES: Within the corporation's very diverse
business
lines
lies
project,
property
and
facilities management focusing on residential, light industrial, hospitality, recreational and commercial sectors in the country with a core emphasis on Hulhumalé. Being the master planner of Hulhumalé, HDC oversees, manages and controls the land use plan, design and construction guidelines for all its developments. As a regulatory body, the corporation also undertakes administrative
and
municipality
services
involving
civic engagement within the city, playing a key role in property investment and being actively involved in investment
promotion
and
facilitation
Hulhumalé Development Project.
for
the
HOUSING DEVELOPMENT FINANCE CORPORATION Managing Director (Acting)
RAHEEMA SALEEM
Year Started
2004
Employment
30
Industry
HOUSING FINANCE
Ownership
PUBLIC - PRIVATE PARTNERSHIP
In 2004, HDFC was established as a wholly owned government institution to provide housing finance in the country. However, later due to strong demand for housing
finance
and
the
limitations
of
the
government to provide long term funding it was decided to privatize the company and became the first public-private partnership (PPP) entered into by the government. Following privatization, HDFC was able to attract debt
funding
Institutions
and
from
International
international
Financial
commercial
banks.
These investors include FMO of the Netherlands, HSBC, DEG of Germany and Bank of Ceylon. Since Housing Development Finance Corporation Plc +960 333 4666 info@hdfc.com.mv www. h d fc .co m . mv
then HDFC has positioned itself as a Specialist in Housing Mortgage solutions catering to Maldivians from
all
segments
of
society
providing
decent
housing in a safe and healthy environment. PRODUCTS
&
SERVICES:
HDFC
offers
both
conventional and Islamic housing finance facilities for
home
home
construction,
renovation,
with
home/flat
purchase
affordability,
and
flexibility,
longest repayment period and highest quality of service in the Maldives.
IL AA MALDIVES CEO/Managing Director
ADNAN MOOSA
Year Started
1991
Employment
32
Industry
ENGINEERING
Ownership
PRIVATE HELD
ILAA Maldives was founded on 22nd August 1991 with a vision to provide total engineering solutions. Over the last 25 years, ILAA has been providing world renowned quality products and after sales services with engineers trained by the manufactures. The company has its Head Office located in the industrial zone of Hulhumale’. This 26,900 sq. ft complex
consists
of
an
administrative
office,
showroom, warehouse, a light industry building and facilities for staff. During the development of the complex special consideration was given to the environment and to create a pleasant work place for the employees. The office and outdoor spaces use recycled material. A lot of space has been used for ILAA Maldives Pvt Ltd
greenery and landscaping. The facility has been
+960 335 5751
designed to harvest rain water, recycle waste water
info@ilaamaldives.com www. i l a a m a l d i ve s .co m
and to power using solar power. PRODUCTS & SERVICES: In the late 90’s ILAA formed a collaboration with TeamTec of Norway to supply solid and liquid waste burning incinerators. Onward, ILAA
has
collaborated
with
Tractors
Singapore
Limited as the Second Level Distributor for Caterpillar generators
and
has
been
awarded
the
AMD
(Authorized Marine Distributor) status since 2011 for CAT Marine equipment’s. Currently we provide; Power Generation & Distribution Solutions, Marine Engines & Accessories for Marine Vessels, Solid & Liquid Waste Treatment
and
Handling
Solutions,
Buggies,
Deep-Cycle Batteries, Tires & Accessories for Buggies and Lubricants.
INNER MALDIVES HOLIDAYS CEO/Managing Director
MOHAMED FIRAQ
Year Started
1998
Employment
187
Industry
TRAVEL & TOURISM
Ownership
PRIVATE LIMITED COMPANY
Subsidiaries
ACE TRAVELS MALDIVES ACE AVIATION SPENCE MALDIVES
Inner Maldives Holidays is a leading and multi-award winning travel company in the Maldives. A company that was founded in the year 1998 with the dedicated objective of providing travel services to the booming tourism industry in the Maldives. Our aim is to strive for perfection when providing customer experiences that exceed expectations and be recognized as the market leader in travel, through the
discovery
of
quality
service
propositions,
supported by superior performance from our people and technology, whilst nurturing values on responsible Inner Maldives Holidays +960 300 6886
tourism and providing a
sustainable future for all
stakeholders.
info@innermaldives.com www. i n n e r m a l d i ve s .co m
PRODUCTS & SERVICES: Inner Maldives operates one of Maldives largest inbound and outbound travel operation with consistent utmost
professionalism
high quality services and making
Inner
Maldives
a
leader in the Maldives travel and tourism industry. Compared to the general services in typical travel agencies in the Maldives, Inner Maldives goes further and deals with the entire range of travel services for both individual and corporate clients, as a one-stop solution
provider.
The
group
also
has
strategic
investments in areas such a general trade, cargo & logistics, marine services and real estate.
INTERNATIONAL BEVERAGES COMPANY CEO/Managing Director
MOHAMED NAEEM
Year Started
2003
Employment
150 - 200
Industry
FOOD SERVICE ACTIVITIES
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
LIFE PREMIUM DRINKING WATER
Given the geography of the Maldives, the availability of safe
drinking
water
has
been
a
growing
concern.
Urbanisation of some areas of the country and rapid growth of tourism in the early 90’s added to the difficult situation. It was the intent of finding a solution to this problem as well as supporting the parent company’s resorts, that led to the establishment of the International Beverages Company Pvt Ltd. The company was registered on 13th August 2003 and opened its first water production plant in Himmafushi Island of Kaafu Atoll. This is where ‘Life’, the premium drinking water is produced, packaged and supplied to the entire Maldives. International Beverages Company
Pvt Ltd
+960 331 3523 info@ibc.com.mv www. i b c .co m . mv
The IBC production plant located in Himmafushi Island is a state of the art facility that boasts modern equipment and an excellent working environment that engages in the production of the most premium drinking water in the Maldives.
The
technology,
plant
is
desalination
fitted
with
equipment
water
treatment
and
packaging
stations guaranteed to provide consumers with the highest standard of products. PRODUCTS & SERVICES: ‘Life’ is a premium quality, distilled drinking water produced & distributed via IBC. With increased production and distribution throughout the years, ‘Life’ has established itself as a number 1 choice for premium drinking water and holds over 70% share in the packaged drinking water market. Today ‘Life’ brand is trusted, well recognised & has gained a well favoured reputation as a consumer favourite.
ISL AND AVIATION CEO/Managing Director
ABDUL HARIS
Year Started
2000
Employment
AROUND 1000
Industry
AVIATION AND AIRLINE INDUSTRY
Ownership
GOVERNMENT
Island Aviation Services Limited with its airline division rebranded as Maldivian is the flag carrier of Maldives. Maldivian’s operations commenced in April 2000 and since then have become the leading domestic air carrier bridging the atolls and providing its customers with safe and convenient air transportation all year round. Today, Maldivian operates daily frequent flights to 10 airports within the country. In addition to daily flights to Trivandrum,
the
flag
carrier
added
two
more
destinations to its regional network by commencing flights to Chennai – India and Dhaka - Bangladesh in 2012. In the succeeding two years Maldivian expanded its wings to China by starting flights to Chongqing in 2013 and to Wuhan in 2014. Further, to cater to the fast Island Aviation
growing Chinese market, three additional points, Xi’an,
Services Limited
Changsha and Nanjing was added to the Maldivian
+960 333 5544 +960 333 5566
network in 2015 followed by a sixth point, Chengdu last
info@iasl.aero
year. The nation’s flag carrier also started operations to
www. m a l d i v i a n . a e ro
Bangkok effective 2015. PRODUCTS
&
SERVICES:
Island
Aviation’s
service
portfolio is multifarious with international, domestic and seaplane
operations.
The
company
also
provides
Engineering and Maintenance Services, Cargo Services, Lounge Services, Airport Management and Operations, and the company’s one-stop shop Maldivian Holidays.
ISL ANDERS GROUP Chairman
ABDUL RASHEED
Year Started
1992
Employment
600 +
Industry
OTHER
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
ISLANDERS EDUCATION PVT LTD FAR HORIZON PVT LTD ISLANDERS LANKA PVT LTD ISLANDERS INVESTMENTS PVT LTD GLOBAL MAKE PLANS PVT LTD FOUNDATION FOR BETTER FUTURE WELLSPRING PVT LTD
Islanders Group is a pioneering conglomerate based in the Republic of Maldives. The Group's activities are broadly divided into two key areas - Services and Trade. Islanders has a rich history in tourism in the Maldives. In 1990s, Islanders managed Embudhu Finolhu Island (now Taj Exotica Resort & Spa, Maldives). The resort property was the first to build over-water villas in the country, now a trademark feature of all resorts in the Maldives. Islanders owns and hold long term lease of prime commercial, Islanders Group Pvt Ltd +960 302 2000 info@islandersgroup.com
residential and mixed real estate in the capital city of Malé, Hulhumalé in Maldives as well as in Colombo, Sri Lanka.
www. i s l a n d e r s g ro u p.co m
PRODUCTS & SERVICES: Islanders is the Largest Private Education Provider in the Maldives owning and operating several international schools. It also owns and operates Boutique Hotels and Guest Houses in Maldives and in Sri Lanka. Islanders Group recently ventured in the medical industry in Maldives to enhance the medical service level and care industry. In trade - Islanders is one of the three Largest Timber and Plywood importers and distributors in the Maldives. Its industrial arm also holds exclusive distributorship and servicing rights for Grundfos pumps and Trane air-conditioners. Islanders is the founding member of The Foundation for a Better Future; a non-profit non-partisan foundation established to improve quality of life and access to good education across the country.
JAUSA TRADING CEO/Managing Director
AHMED JAHUDHAN JAUFAR
Year Started
1994
Employment
50
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL ( PRIVATE HELD)
Jausa
Trading
Maldives
Private
Limited
is
incorporated in Republic of Maldives with the aim of import,
export,
marketing,
advertisement
and
trading operations. Jausa
Ceramic
City
(formerly
known
as
Jausa
Traders), one of the Sale Outlets established in 1995 in Male’, operated under Jausa Trading Maldives Private Limited had increased sales and distribution of its products & services rapidly over the years. PRODUCTS & SERVICES: With rapid expansion of business Jausa entered into an agreement with Lanka Tiles Limited of Sri Lanka, to establish the first Overseas Showroom in Maldives during the year J a u s a Tr a d i n g
1999. Today, Jausa is the authorized master franchise
Maldives Pvt Ltd
for Lanka Tiles and its products in Maldives for the
+960 332 9988 enquiry@jausa.mv
last 16 years. This has enriched the market & had
www. j a u s at ra d i n g .co m . mv
grown confidence in customers of the remarkable achievement in supporting the construction industry. In
2014
Jausa
Trading
was
appointed
as
the
Exclusive distributor for one of the world’s leading sanitary
ware
showcased
it
brand for
our
American valued
Standard,
customers
in
and our
modern, state of the art showroom which is the largest & solitary tiles & sanitary ware showroom in Maldives. American Standard is a brand which has over 150 years of history. And to be affiliated with such a brand has brought an honor to Jausa Trading vision introducing in trends, quality and innovative products to Maldives.
KAIMOO TRAVELS AND HOTEL SERVICE CEO/Managing Director
MOHAMED MANIH AHMED
Year Started
1979
Employment
575
Industry
TOURISM AND INVESTMENT
Ownership
100% LOCAL ( PRIVATE HELD)
Subsidiaries
KAM HOTEL PVT. LTD, MOOKAI HOTEL & SERVICE FLATS PVT LTD, MOOKAI SUITE PVT LTD, GAN INVESTMENTS PVT. LTD ENVIRONMENTAL PEST CONTROL PVT. LTD
Founded in 1979, Kaimoo Travels and Hotel Services Pvt Ltd is a leading tourism company in the Maldives that focuses on the ownership, operation and management of resort and hotels. A family owned establishment, Kaimoo’s business ethos is a prudent, long term one, dedicated to cost efficient and expandable operations that yield high value. Kaimoo’s long presence in the tourism
sector,
investments
in
dedication
to
knowledge-centric
innovation human
and
capital
K a i m o o Tr a ve l s a n d
enables it to provide the right product at the right time.
Hotel Service Pvt Ltd
Kaimoo is a caring company that prioritizes not only
+960 332 2212 bdm@kaimoo.com
high commercial value but also the satisfaction of its
www. ka i m o o.co m
clientele, the welfare of its dedicated team and the overall prosperity of its community. PRODUCTS & SERVICES: In 1979, Kaimoo opened their first private investment, Embudu Village, a 3+ star resort. In 1992 Kam Hotel, one of the first city hotels in the
Maldives,
opened
in
Male’.
After
acquiring
Ziyaaraifushi in 1996, the island was rebranded Summer Island Village. In 1999, Equator Village, the first city hotel in Addu Atoll was acquired. In early 2000, Kaimoo Group introduced the Mookai Hotel and Mookai Suites – the latter is the Maldives’ first apartment and suite style city hotels. In 2015, Summer Island Maldives was opened after a complete redevelopment.
LEO TRADING CEO/Managing Director
ABDULLA SAWAD
Year Started
2002
Employment
150
Industry
LOGISTICS
Ownership
PRIVATE HELD
Subsidiaries
LEO SHUTTLE PVT LTD.
The company initially started as a trading company mostly wholesale - in Male', the Capital City of Maldives concentrating on FMCGs and industrial consumables. As the market for FMCGs were hectic and intense, Mr Sawad strategically aligned the company’s direction to industrialised goods and services. It was the right move and best fit for the company. Today, Leo Trading is the biggest and most widely known logistics company in the Maldives responsible for the
movement
over
80%
of
almost
all
the
physical/industrial goods between the point of origin to the point of consumption to meet the requirements of the customers. L e o Tr a d i n g P v t L t d +960 300 6638 admin@leotrading.mv w w w. leotrading.mv
PRODUCTS & SERVICES: The key expert areas of Leo includes: Leasing of Heavy Construction Equipment, Shipment Shipments,
Clearance,
Cargo
Excavating,
Clearance,
Back
Filing
&
Discharging Compacting,
Constructing Underwater Pipeline and Sewerage System and the likes. To date, there are over 150 employees working in 6 industrial locations, namely Male’ City, Hulhumale, Thilafushi, Laamu, Fuvahmulah and Addu City. Leo operates a fleet of over 100 different vehicles both on land and sea including dhonis, barge, landing craft,
tug
boats,
speed
boats,
excavators,
cranes,
forklift, tractors, bobcats, buses and vans, etc. Heavy industrial machineries include generators, hydraulic hammers,
sand
pump,
refer
and
accommodation
containers, RO plants, lighting towers and so on.
LILY INTERNATIONAL CEO/Managing Director
AMIR MANSOOR
Year Started
2001
Employment
155
Industry
FOOD SERVICE ACTIVITIES
Ownership
100% LOCAL ( PRIVATE HELD)
Subsidiaries
MARRYBROWN, SECRET RECIPE, GRAPE EXPECTATIONS
Lily International was established in the year 2000 and is a privately owned, importer and distributor of high quality internationally prominent brands of food and beverage,
personal
care,
hygiene
and
cosmetics
products. Lily International is a subsidiary company of the “Lily Group”. Lily Group was established 35 years ago and is a significant market player in the wholesale, shipping, tourism and real-estate sectors. Over the past decade, we have built Lily International with the vision to provide high quality brands at affordable
prices
with
personalized
service
and
reliability. We have harnessed nation-wide catering Lily International Pvt Ltd
through the establishment of wholesale and retail
+960 333 2840
outlets, single largest cold storage facility in the
info@lily-international.com www. l i l y- i n te r n at i o n a l .co m
Maldives (with 500 MT capacity) and dry warehouses, land and sea distribution vehicles and a cutting edge IT infrastructure. Lily International works with companies in over 40 countries around the world. PRODUCTS & SERVICES: Lily International stays true to its
epitome
of
“Feeding
the
Nation”.
While
Lily
International grows from day to day, it is also a company that considers corporate responsibility as a serious part of its activities. As a staunch supporter of charity and other social events, Lily International believes in its contribution towards the socio-economic growth of the nation. Lily International also strives to bring exciting new flavors in to the market, by constantly evaluating existing trends and taking into account customers demands; one of the main focuses being health-conscious customers.
LINK SERVE Managing Director
IBRAHIM FAIZ
Year Started
2002
Employment
80 +
Industry
IT, NETWORKING, SECURITY, RENEWABLE ENERGY
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
AVASTKART REDBOX FIRE CONTROL
Link Serve is a company keen on becoming the pioneer in one-stop solution for all IT and Security requirements in the country. We keep up with the ever-changing customer requirements in contrast to the developing technological trends to provide reliable products and services which are affordable and attainable to all customers, thus simplifying IT solutions. At the early stages of the millennium, we initially began as importers and distributors of various internationally renowned and accredited brands of communication & e-security and related innovative products, our company Link Serve Pvt Ltd
is now a fully integrated organization providing not only
+960 300 3000
state of the art utilities, but also a broad range of services.
+960 334 4555 helpdesk@linkserve.com.mv www. l i n k s e r ve.co m . mv
The
firm’s
continuous
interest
in
development,
the
incorporation of the latest technologies united with our close co-operation and understanding of our clients’ needs are the primary reasons for our success. PRODUCTS & SERVICES: Installation & maintenance of CCTV system, door phone system, Local Area Networking, ABX System, access control system, time & attendance system, motion detectors, fire extinguishers, installation solar power systems, installation of alarm systems, supply & installation of fire Pump & hose reel systems and 2 showrooms with a broad range of IT products in Male’ and 2 more in Addu and Kulhudhuhfushi.
M7 PRINT Managing Director
MOHAMED ABDUL SATTAR
Year Started
2007
Employment
50 - 100
Industry
PRINT & PUBLISHING
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
ALFALAH PAPER
Found in 2007, M7 Print Pvt. Ltd is managed by a management board focused on a corporate vision to achieve the company’s goal and is committed to providing, quality and reliable products, and services at affordable prices to the customers. M7 Print promises to deliver uncompromising smart solutions to our customers by simplifying their desired solutions under the corporate slogan of “Simplifying Solutions”. M7’s three main printing solutions offered to
its
valued
clients
are
Offset
Printing,
Digital
Printing and Large Format printing. Through the state of the art machinery, M7 has capability of providing M7 Print Pvt Ltd
solutions to printing requirements all under one roof.
+960 330 7787 print@m7maldives.com www. m 7 m a l d i ve s .co m
PRODUCTS & SERVICES: To meet the ever growing demands of the customers, M7 offers Offset/Digital Printing
(business
cards,
calendars,
leaflets,
magazines, certificates, flyers, paper bag making, etc.) Wide-format printing (canvas, stickers etc.), UV Printing, Stamp & Seal making (custom cutting, name plates, key tags, etc.) and Clothing Printing, among others. M7 is continuously working towards at improving the quality and standard of its products and services and fulfilling the customers every requirement in a speedy manner.
MA SERVICES Managing Director
OMAR MANIKU
Year Started
1998
Employment
10 - 15
Industry
WHOLESALE & RETAIL TRADE
Ownership
100% LOCAL (PRIVATE HELD)
MA SERVICES was founded in 1998 to offer services to the
diving
industry
of
Maldives
in
the
supply,
maintenance and inspection of high pressure breathing air equipment. From our service centre in Male’, we can efficiently extend our specialized services to customers located throughout the Maldives. As the official distributor of BAUER KOMPRESSOREN, SCUBAPRO, UWATEC, HATZ and ANALOX, we are committed to providing a service that is second to none. PRODUCTS & SERVICES: MA SERVICES specializes in high-pressure
breathing
air
equipment
to
provide
services specifically to the diving industry. We are the MA Services Pvt Ltd +960 331 0935 admin@maservices.com.mv www. m a s e r v i ce s .co m . mv
market leader in the sale, installation and maintenance of
high-pressure
breathing
air
equipment.
As
the
authorized distributor for BAUER, Scubapro, Analox, HATZ and as an IDEST approved test centre, we offer a comprehensive level of service and commitment that is second to none.
All our products come with the
manufacturer's warranty. Based in Male', we are easily accessible and extend our services to customers in every corner of the Maldives.
MALDIVE GAS CEO/Managing Director
ABDULLA MAUMOON
Year Started
1999
Employment
211
Industry
LIQUEFIED PETROLEUM GAS & ACCESSORIES
Ownership
STATE TRADING ORGANIZATION (PLC) AND CHAMPA OIL AND GAS PVT LTD
The company’s formation heralded a revolution in the nation’s kitchens when the inefficient and ecologically unsustainable wood fire stoves used throughout the Maldives were replaced with eco-friendly gas stoves. From its very inception, the company had one aim; to provide cooking gas to customers throughout the Maldives in an efficient, reliable and safe manner. Maldive Gas Pvt Ltd is a public private partnership between the State Trading Organization (PLC) and Champa Oil and Gas Pvt Ltd. We are in the business of supplying LPG (Liquid Petroleum Gas) cooking gas to the public. Additional products and services include supplying medical oxygen to health care facilities and supplying gases such as Nitrous Oxide, Maldive Gas Pvt Ltd
Acetylene, Argon, Helium and Carbon dioxide for industrial
1616
purposes. At present, the company is the largest supplier of
info@maldivegas.com www. m a l d i ve g a s .co m
LPG in the Maldives and controls approximately 60 percent of the market share. PRODUCTS & SERVICES: Maldive Gas services are divided into four main units. The main one, the Thilafushi plant, serves as the main LPG storage and filling facility. This is the principal production facility for all LPG supplies. This plant similarly functions as the manufacture facility for Oxygen as well. We supply gas to all islands every day of the week. The sales unit in Malé enables distribution to sustainable customers and for the household throughout the capital city Malé. Established in 2015, the Villimalé facility is purposed with providing easier & exclusive services directly to customers living in Villimalé. The last one on Hulhumalé serves to the wider community living in Hulhumalé.
MALDIVES AIRPORTS COMPANY CEO/Managing Director
ADIL MOOSA
Year Started
2000
Employment
2600
Industry
AVIATION
Ownership
GOVERNMENT
Subsidiaries
MALDIVES INFLIGHT CATERING HULHULE’ ISLAND HOTEL
Maldives Airports Company Limited (MACL) is a 100% government
owned
limited
liability
company
incorporated under the Companies Act of the Republic of the Maldives. MACL is governed by a Board of Directors
appointed
by
the
Privatization
and
Corporatization Board of the Maldives. MACL is the operator of Velana International Airport and has been massively involved in destination marketing and bringing in new airlines to the Maldives. MACL has already started a huge airport development project Maldives Airports
costing over USD 800 million at Velana International
Company Pvt Ltd
Airport such as the development of a brand new
+960 332 5511
international passenger terminal which can cater for 7.5
info@macl.aero www. m a c l . a e ro
million
passengers,
a
new
runway
which
can
accommodate A380 aircrafts, a new cargo terminal complex which can handle 120,000 metric tons per year and a new fuel farm along with hydrant system which is 3 times the size of the present fuel farm. PRODUCTS & SERVICES: Apart from being the sole Air Navigation provider of the country, MACL at Velana International Airport provides Fire and Rescue Services, Air Cargo Services, Fueling Services, Ground Handling, Passenger Services, Lounge services, Terminal Services and Duty Free.
MALDIVES FINANCE LEASING COMPANY CEO/Managing Director
CM ABEYSEKERA
Year Started
2001
Employment
29
Industry
FINANCIAL SERVICES
Ownership
TREE TOP INVESTMENT PVT LTD & CHAMPA BROTHERS MALDIVES PVT LTD
Establishing a formal leasing industry in the Maldives was
an
initiative
of
the
International
Finance
Corporation and the Maldives Monetary Authority. The primary objective in setting up the company was to diversify the Maldivian financial sector and to instill healthy competition amongst its players. Hence, MFLC came
to
its
existence
in
2001
and
commenced
operations in June 2002 and till today, MFLC is the only leasing company in Maldives. The company’s mission is to provide a dedicated customer service by offering
innovative
leasing
solutions
whilst
maintaining a sustainable competitive advantage. Maldives Finance Leasing Company P v t L t d +960 331 5606 info@mflc.com.mv w w w. m f l c . c o m . m v
PRODUCTS
&
SERVICES:
Finance
Leases
is
the
primary product of MFLC providing movable assets such
as
a
vessels,
vehicles,
machineries
and
equipment. Life Style Leases (Consumer Finance) are meant for professionals who are employed in the Civil Service, State Institutions and other private sector companies of repute. Under this product, the company offers
consumer
construction
durables,
materials
under
motorcycles salary
and
deduction
schemes. Home loans are meant for developing or purchasing
residential
improvement purposes.
properties
and
for
home
MALDIVES INDUSTRIAL FISHERIES CO. CEO/Managing Director
ADLEY ISMAIL
Year Started
1982
Employment
1630
Industry
FISHERIES
Ownership
STATE TRADING ORGANIZATION
Subsidiaries
MARINE MALDIVES PRODUCTS
Incorporated
in
1993,
with
a
directive
to
market
Maldivian fishery to the world stage, Mifco has been serving and leading the industry, by processing and trading
tuna
and
its
value�added
products.
While
contributing to the Maldivian economy, more than 35000 families are being supported through company’s vision to represent the sustainable practices employed by
generations
industrial
of
local
exploitation
of
fisherman, natural
instead
resources
of for
an a
commercial benefit. Mifco manages the largest fish procuring operation in Maldives Industrial
Maldives collecting Pole and Line and Handline caught
Fisheries Co.Ltd
Yellowfin and Skipjack Tuna. Mifco owns three EU
+960 332 3932 info@mifco.com.mv
standard factories processing canned, chilled, frozen
www. m i fco.co m . mv
and value added tuna which is exported to International markets and sold locally. PRODUCTS & SERVICES: MIFCO canned tuna and Skipjack is processed from pole & line caught tuna out of which Skipjack Tuna is MSC certified. Common packaging includes, steaks, chunks in organic sunflower oil, olive oil, soyabean oil, vegetable oil, brine and spring water.
MALDIVES TRANSPORT AND CONTRACTING COMPANY CEO/Managing Director
IBRAHIM ZIYATH
Year Started
1980
Employment
1675
Industry
DOCKING, TRANSPORT, CONSTRUCTION, TRADING, LOGISTIC
Ownership
GOVERNMENT 55.3%, PUBLIC 44.7%
Maldives Transport and Contracting Company, (MTCC) was incorporated in 1980, as the first public company in the Maldives. The company was established with the objective to contribute towards the development of infrastructure and transport service in the country. Since then MTCC has positioned itself as one of the strongest business entities in the country with a diversified range of products and services, with a workforce of over 1600 employees across the country. MTCC’s success lies in its business strategy, which revolves around the desire to provide quality and reliable products and services, implementation of M a l d i ve s Tr a n s p o r t a n d Contracting Company Plc +960 332 6822 info@mtcc.com.mv www. m tcc .co m . mv
stringent quality control systems, adoption of the latest technological innovations and a relentless effort to recruit and retain qualified employees. PRODUCTS consists
of
&
SERVICES: three
main
MTCC’s areas;
core
business
infrastructure
development and construction, transport services and trading in products and services related to marine transport and construction. These three areas have shaped the business and helped shape the nation. Throughout its existence MTCC has positioned itself as the market leader in these areas. MTCC’s business strategy revolves around the desire to provide quality and reliable products and services, implementation of stringent quality control systems, adoption of the latest technological innovations and a relentless effort to recruit and retain qualified employees.
MALE' AERATED WATER COMPANY CEO/Managing Director
SANJAY MANIKU
Year Started
1989
Employment
264
Industry
FOOD SERVICE ACTIVITIES
Ownership
PRIVATE HELD
MAWC
is
the
first
company
which
started
the
manufacturing of Beverages and which has been serving for the last 25 years in the Republic of Maldives with world class norms and quality products. We at MAWC exist to benefit and refresh everyone in Maldives
by:
relentlessly
striving
to
exceed
the
expectation of our customer and consumer, providing safe
and
highest
quality
products,
continually
improving our systems and processes. PRODUCTS & SERVICES: MAWC has 5 production lines with a production capacity of 300 bottles per minute. MAWC produces 13 international brands with flagship M a l e ' A e r a t e d Wa t e r C o m p a n y P v t L t d +960 332 9999 sales@mawc.com.mv www. m awc .co m . mv
brand Coca-Cola and 40 SKU’s (stock keeping units) with the association of Coca-Cola the Global market leader in soft drinks. MAWC refreshes all geographical areas of Maldives including North, South & Central parts and all channels of retailers like Resorts, Guest Houses, Restaurants and Cafes & Marts.
MALE' WATER & SEWERAGE COMPANY CEO/Managing Director
IBRAHIM FAZUL RASHEED
Year Started
1995
Employment
650 - 700
Industry
UTILITY
Ownership
JOINTLY HELD - 80% GOVERNMENT, 20% HITACHI PLANT TECHNOLOGIES
Subsidiaries
ISLAND BEVERAGES MALDIVES PVT LTD (IBM)
Established Sewerage
on
1st
April
Company
1995,
Male’
(MWSC)
is
Water
the
and
pioneer
organization to administrate a solid water production and wastewater management system in the Maldives. Building around its strong foundation in the field of utility services, MWSC has today transformed into a multi-disciplined Company
with
Engineering its
vision
and
of
Manufacturing
contributing
to
the
infrastructure development of the country and for its own growth in operations. Presently, we employ over 600 dedicated professionals and proudly serve over M a l e ' Wa te r & Sewerage Company
50% of the Maldivian population.
+960 332 3209 pr@mwsc.com.mv www. mws c .co m . mv
PRODUCTS
&
SERVICES:
MWSC
utility
services
include sustainable water, sewerage, electricity and waste management services. Provider of turnkey engineering services including full design and build of water and wastewater network in outer islands. Leading manufacturer specialized in manufacturing pet
preforms
bottles,
salt
&
shrink
flake
ice,
film, and
mineralized PE
&
PVC
water pipes.
Innovative solutions for resorts, provided under the brand “MWSC Utility Solutions” - the first of its kind, offering
full
solutions
for
utility
infrastructure
development of resorts. A top supplier of water & wastewater related products & services, now made available from MWSC showroom.
MAZIYA SERVICE CEO/Managing Director
AHMED SAJID
Year Started
2000
Employment
97
Industry
CONSTRUCTION
Ownership
PARTNERSHIP
Subsidiaries
MAZIYA TRADERS
MAZIYA SERVICE PVT LTD came to life with the strong will and long term efforts made by late Mr. Zakariyya Hameed (The founder of this service and his son). Originally the service was started by him in 1970’s with a small group for painting and other finishing works in Male’ where there was little demand for the work as modern buildings were very few. He had a reputation for using the first jar of Emulsion paint imported and used in Male’ - and for having worked for all five major projects that was carried out in Maldives during 80’s. The present three directors of Maziya Services show us the way to improve the service and meet the challenges of new demands for modern days. Maziya Service Pvt Ltd +960 330 5515 admin@maziya.com
PRODUCTS & SERVICES: During the 80’s and 90’s, the
www. m a z i ya .co m
rapidly growing economy of Maldives and number of buildings started to build with the different architectural designs, requiring more sophisticated finishing works and quality material to use to fulfill their demands. Hence, we started importing necessary equipments and materials. Products that we import are, Samhwa paint (South Koria), Terraco (Uae), Harris + Paint Brush (Uk), Propan Wood Dye (Indonisia), Suzuka Stone Paint (Malasiya), Cornice (Malasiya), Laminating Flooring (China), Wall Tiles (China And Indonisia), Wall Putty Sheetrock (Malasiya) ,Silk Plaster Interior Paint,
(Russia). For major construction
related brands like; Samhwa, Teracco, Propan, Harrissuzuka, Sheetrock, Silk Plaster, Laminating Floor we are the sole distributers in the Maldives.
MEDIANET CEO/Managing Director
AHMED SHAFEEU
Year Started
2005
Employment
150
Industry
CABLE TV
Ownership
MALDIVES CABLE NET AND J-SAT COMMUNICATIONS
Medianet is the largest pay-tv broadcaster in the Maldives with over 20,000 subscribers. The company was formed in 2005 with an equal merger of J-Sat Communications and Maldives CableNet. Medianet’s corporate headquarters is located in the capital city of Male’. With an ever-growing customer base, Medianet strives
to
provide
unparalleled
entertainment
experience to its customer base. Medianet
offers
more
than
55
channels
in
High
Definition as well as 100+ standard definition channels. Medianet’s channel line-up consists of different genres of high quality digital TV content. This comprises of English entertainment, Hindi entertainment, Infotainment, Medianet Pvt Ltd +960332 0800 customerservice@medianet.com.mv www. m e d i a n e t . mv
Sports and Childrens entertainment channels. Due to Medianet’s
strong
relationship
with
broadcasters,
Medianet has acquired the license and rights to the best content available for this region. PRODUCTS & SERVICES: Medianet provides subscribers with an extensive variety of content from different genres including the best of live sports and best of English and Hindi entertainment. In order to deliver these content, Medianets Cable TV service is provided in Male’ and greater Male’. In addition to this, Medianet HITS enables subscribers, irrespective of their location in Maldives, to receive the very best of digital Cable TV service. With Medianet Cruise, liveaboards within Kaafu Atoll are able to receive Cable TV services onboard their vessels. Open miTV service allows subscribers to watch Live TV and Catch Up on their favourite shows and watch Videos on Demand using their mobile devices.
MEGA MALDIVES AIRLINES CEO/Managing Director
GEORGE WEINMANN
Year Started
2010
Employment
300
Industry
AVIATION AND AIRLINE INDUSTRY
Ownership
PRIVATELY OWNED MALDIVIAN JOINT VENTURE WITH AMERICAN CO-INVESTORS
M E G A M a l d i ve s A i r l i n e s wa s e s t a b l i s h e d i n 2 0 1 0 to c a p i t a l i ze o n t h e fa s t d eve l o p i n g o u t b o u n d t ra f f i c f ro m
China
demand MEGA
for
has
and
Asia
l e i s u re
and
the
t rave l .
established
a
enduring
S i n ce
s t ro n g
its
global
i n ce p t i o n ,
footprint
in
a
st ra te g i c a n d g l o b a l l y re n ow n e d to u r i s m l o c a t i o n – a n d h a s b e e n a b l e to s u cce s s f u l l y c a te r to g row t h m a r ke t s i n t h e re g i o n a n d b eyo n d . A s t h e M a l d i ve s l a rg e s t i n te r n a t i o n a l a i r l i n e , M E G A o cc u p i e s a u n i q u e p o s i t i o n i n d r i v i n g t ra f f i c to t h e M a l d i ve s a s we l l a s e n a b l i n g n ew d e s t i n a t i o n s t h a t o t h e r w i s e m i g h t n o t h ave d i re c t co n n e c t i v i t y. Wi t h a g l o b a l te a m to co m p l e m e n t i t s o p e ra t i o n s , M E G A Mega Global Air Services (Maldives) Pvt Ltd +960 300 6670 p r @ m e g a m a l d i ve s a i r. c o m
s e e s i t s e l f a s b o t h a n i n n ova to r a n d a n i nve s to r t h a t i s a b l e to d i re c t l y a n d p o s i t i ve l y co n t r i b u te to t h e g row i n g d i ve r s i t y o f to u r i s m i n t h e M a l d i ve s .
www.f l y m e g a . a e ro
P R O D U C TS & S E RV I C E S : M E G A’s ove ra l l b u s i n e s s st ra te g y i s to l i n k s t ro n g n i c h e d e s t i n a t i o n s w i t h u n d e r s e r ve d
g row t h
m a r ke t s
t h ro u g h
t a i l o re d
p ro d u c t s , a p p ro p r i a te i n f ra s t r u c t u re a n d ro b u s t d i st r i b u t i o n p a r t n e r s h i p s . M E G A’s g ra d u a l m ove towa rd s G D D, OTA , a n d i n te r n e t d i s t r i b u t i o n o n to p of
its
co re
t rave l
t ra d e
model
will
e n s u re
a
l o n g - te r m s u s t a i n a b i l i t y a n d g row t h . M E G A’s f o c u s on
d e l i ve r i n g
exce l l e n t
c u s to m e r
s e r v i ce s
and
p a s s e n g e r c a re m i r ro r s t h a t o f t h e w h o l e M a l d i ve s ’ to u r i s m i n d u s t r y, w h i c h i s re co g n i ze d g l o b a l l y f o r i t s h o s p i t a l i t y.
MEGACHIP ELECTRONICS CEO/Managing Director
AHMED ZAREER
Year Started
2000
Employment
22
Industry
ELECTRONICS
Ownership
100% LOCAL (PRIVATE HELD)
Established in 1994, Megachip is privately owned and managed by professionals with vast industry experience who belong to the same family. To stay competitive in the dynamic business world, Megachip invests heavily in the development of human resources and infrastructure. The
multi-location
uninterrupted
operations
of
Megachip is managed by the head office located in the Capital Male’ through its award-winning showroom, office express, service centre and sales office. In recognition of its commitment to quality, leadership, technology and innovation, Megachip was awarded International Quality Summit Gold Award 2007, held at New York, from Business Initiative Directions (BID), the European Foundation for Quality Management. Megachip Electronics Pvt Ltd +960 333 3088
Megachip received NECCAP S&SEA Frontrunner Partner
info@megachiplive.com
award, Best Market Share Performance award 2006 and
w w w. m e g a c h i p l i ve .co m
was selected as a role-model by NEC Asia Pacific. PRODUCTS
&
SERVICES
Megachip
is
the
leading
Information Communication Technology (ICT) services provider in the Maldives. Our mission is to be the value-adding
ICT
solution
provider
to
the
global
community. Over the years Megachip has accumulated knowledge and
know-how
in
delivering
outstanding
customer
service. We take pride in providing unrivalled ICT solutions to a broad spectrum of customers ranging from individuals, community organizations, government ministries and business organizations.
MUNI ENTERPRISES Chairman
MUKHUTHAR HASSAN
Year Started
1987
Employment
130
Industry
FURNITURE & SANITARY WARE
Ownership
PRIVATE HELD
Subsidiaries
MUNI TRAVELS FUSHIFARU INVESTMENTS BEACHWOOD INVESTMENTS
Muni was founded in 1983 by Mr. Mukhuthar Hassan and Mr. Nizar Hassan as a small local retailer with a capital of MRF 40,000.00. In 1987, after four years in the retail business, Muni stepped into the tourism industry by investing into a Diving Dhoni under the name of “Muni Express”. Having achieved a successful 10 years simultaneously in the trading and tourism sector, Muni further expanded its
group of companies
business in the tourism sector by investing US$ 0.4 million for an ordinary Safari Yacht – “Moonima” along with a Diving Dhoni – “Iruvai” which was launched in the year 1990. Within another 7 years from then, Muni launched their second Safari
Muni Enterprises P v t L t d
vessel - “Moodhumaa” and diving dhoni “Muni Impress” in
+960 333 1512
1997 with an investment of US$ 1.2 million. In the year 2000;
info@muni.com.mv
under the name of Muni Enterprises Private Limited along
w w w. m u n i h o m e c a r e . c o m
with Mr. Ahmed Shiyam as an additional share holder of the company. PRODUCTS & SERVICES: MUNI Enterprises Private Limited engages in providing a better living environment for both residential and commercial sectors of the Maldives. The environment we live is a vital part of our life, be it for the home or working environment. Muni understands the importance of this vital component of our life and thereby strive
to
provide
our
customers
with
a
modern,
comprehensive and affordable range of products to let them achieve their dream living environment. Our product range along with service expertise practically completes every imaginable room scenario and style for both interior and exterior of residential and commercial living environments.
NAL AHIYA TRADING Managing Director
ISMAIL JUMAYYIL WAHEED
Year Started
1985
Employment
420
Industry
TRADING
Ownership
100% LOCAL ( PRIVATE HELD)
Subsidiaries
NALAHIYA CONSTRUCTION
Nalahiya Trading P vt Ltd is a construction material supplier based in the island nation of the Maldives. Ever since its establishment in 1985 by founder Mr. Ibrahim
Waheed,
Nalahiya
Trading
has
been
dedicated to providing customers with high quality products and standard of service. Over the years Nalahiya has grown into one of the largest building material suppliers in the country. With
a
workforce
of
over
400
employees,
this
company is one of the largest private companies in Maldives. The Founder ’s deep held philosophies, beliefs and values have shaped the way the company does business and deals with its customers. Values N a l a h i y a Tr a d i n g P v t L t d +960 333 1999 info@nalahiyatrading.com www. n a l a h i yat ra d i n g .co m
such as hard work, customer focus, preserving high quality of products and services has always been held in high regard. PRODUCTS
&
SERVICES:
Nalahiya
offers
an
extended product range from basic construction materials to finishing products. Some core products: Concrete
Materials
(Aggregate,
Cement,
Sand,
Deform bars, etc...), Plywood, SCG Smart boards & Smart
woods,
Roofing
&
Accessories,
Glass
&
aluminium, Vehicle Rentals Services, Supply & Logistic Services, Lathe Workshop, Nevada Shipping.
NOVELTY PRINTERS & PUBLISHERS CEO/Managing Director
ASAD ALI
Year Started
1965
Employment
250 - 300
Industry
PRINTING AND PUBLISHING
Ownership
100% LOCAL (PRIVATE)
Subsidiaries
N+ FDI PAPERWORLD
Since 1965, Novelty Printers and Publishers has evolved with technology, capitalizing on major advances in the printing industry to bring modern techniques and innovations from around the world to our country. With 50 years of experience, we are the pioneers of the printing
industry.
The
dedication,
diligence
and
enthusiasm of our staff and management, our strong reputation for attention to customer needs and our capacity to provide fast results of highest quality has helped Novelty Printers And Publishers Pvt Ltd
make
synonymous
Novelty
with
Printers
unmatched
and
Publishers
professionalism
and
reliability.
+960 331 8844 s a l e s @ n ove l t y. c o m . m v w w w. n ove l t y. c o m . m v
PRODUCTS
&
publishers
has
SERVICES:
publishing
industry
been
Novelty
leading
for
over
the half
a
printers
and
printing
and
century.
Our
services range from but are not limited to digital printing, offset printing, large format printing, print finishing,
sheeting,
cutting,
binding,
collating,
laminating, die-cutting, prepress and publishing. With the best machinery the industry has to offer, highly trained staff, different options of finishing and a vast range of materials to select from, our product and service capacity seems endless.
OOREDOO MALDIVES CEO/Managing Director
VIKRAM SINHA
Year Started
2005
Employment
300
Industry
INFORMATION AND COMMUNICATION
Ownership
OOREDOO GROUP
Subsidiaries
OOREDOO MALDIVES IS A SUBSIDIARY OF OOREDOO GROUP
Ooredoo
Maldives
Plc.
is
a
leading
international
communications company delivering mobile, fixed, broadband internet and corporate managed services, tailored to the needs of consumers and businesses. Guided by its vision of enriching people’s lives and the belief
that
it
can
stimulate
human
growth
by
leveraging communications to help people achieve their full potential, Ooredoo has transformed the telecommunications industry for the people of the Maldives. The company became a full-fledged ICT company, after receiving its ISP license in 2015. With an aim to open up the opportunities of the digital age Ooredoo Maldives Plc
to all communities and businesses across the Maldives,
+960 961 1000
Ooredoo continues to invest in the world’s latest
929@ooredoo.mv
technologies and innovations, recently launching the
ooredoo.mv
only nationwide 4G+ network in the Maldives. PRODUCTS & SERVICES: Ooredoo Maldives provides a wide range of innovative voice, data and high speed broadband internet services tailored to the growing needs of today’s consumers and businesses. Some of the services provided by Ooredoo includes Mobile & Fixed
Telephony,
Messaging,
Data,
Fixed
Line
Solutions & Devices, Fixed & Wireless Broadband Internet, Ooredoo Business Services, Internet Leased Line, Total Resort Solutions, Mobile Money Services, Smart Solutions (Smart Home, Smart Office, Smart School, Smart Campus & Smart Surveillance).
ORCHID HOLDINGS CEO/Managing Director
MOHAMED WAHEED DEEN
Year Started
1987
Employment
554
Industry
TOURISM & HOSPITALITY
Ownership
PARTNERSHIP
Subsidiaries
BANDOS MALDIVES
Orchid Holdings Pvt Ltd, established on the 30th of July 1987, is a co-owned company of Mr. Mohamed Waheed Deen, Muraka Pvt Ltd, Mr. Collin Syn, Ms. Aminath Shezni Waheed Deen and Orchid Voyages, Pvt Ltd. The company was formed for the purpose of operating Bandos Island Resort and Spa; the second tourist resort opened in Maldives, located in the North Male’ Atoll, 7km from the capital Male’. Since the acquisition of Bandos Island Resort and Spa in the year 1987, Orchid Holdings Pvt Ltd has made the resort one of the most reputed and leading resorts in the Maldives. In 2015 Bandos Island Resort and Spa was re-branded to Bandos Maldives and has 215 guest Orchid Holdings Pvt Ltd +960 332 5529 info@bandos.com.mv
rooms and all modern facilities to cater to the needs of customers.
www. b a n d o s .co m . mv
PRODUCTS & SERVICES: Orchid Holdings Pvt Ltds’ Bandos Maldives is a well established 4 star resort in the
tourism
industry.
The
resort
offers
different
categories of accommodations including, Standard Rooms, Garden Villas, Deluxe Rooms, Jacuzzi Beach Villas, Pool Villa and Water Villas, wide varieties of food and beverage, sports facilities, diving and water sports
activities,
Spa
and
wellness
programs,
excursions, family and kids facilities. The resort also has a large fresh water swimming pool for its guests to enjoy and is blessed with an amazing house-reef just few meters from the shoreline. Bandos Medical Clinic and Hyperbaric Treatment Chamber is regarded as the best medical facilities in a Maldives resort.
PAN OCEAN INTERNATIONAL CEO/Managing Director
ABDULLA AKHTHAR WAHEED
Year Started
1995
Employment
55
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL ( PRIVATE HELD)
Pan Ocean International Pvt Ltd is one of the fastest growing enterprises in the Maldives, serving the Maldivian market since the year 1995. Established in the
capital
Maldivian
city
owned
Male’,
Pan
company
Ocean and
a
is
a
wholly
subsidiary
of
Shinetree Holdings. Pan Ocean has been successfully dominating the furniture industry for over 15 years with the widest range of home furniture, office furniture
and
office
chairs.
The
aim
of
the
management at Pan Ocean has been to identify the gaps in the market which can be utilized to provide customers with the products and services that they desire. Accordingly, Pan Ocean is the pioneer in Pan Ocean
making high end furniture available to customers in
International Pvt Ltd
the Maldives. In this effort, Pan Ocean opened the
+960 331 8172 info@panocean.com.mv
first and largest high end home furniture and office
www. p a n o ce a n .co m . mv
furniture showrooms in the Maldives. With over 20 years
of
experience,
Pan
Ocean
is
reputed
for
providing customers with reliable and fast service. PRODUCTS & SERVICES: Pan Ocean has developed and leads the high end furniture market since the year 2000, under the brand Allora Pan Home. Due to the success of Allora Pan Home, Pan Ocean decided to further expand its product portfolio by starting Allora Office Furniture in 2005. In addition to high end furniture, a medium range furniture store was also added to the portfolio as Ozzaro Homecare. Pan Ocean also successfully operates Pan Metal, an outlet for Stainless Steel products.
PL ATINUM CAPITAL HOLDINGS CEO
MOHAMED SHAWEED
Year Started
2005
Employment
160
Industry
FINANCE AND INVESTMENT SERVICES
Ownership
100% LOCAL
Registered in the Maldives on the 25th of December 2005, PCH is a professionally managed investment finance and investment management company. PCH focuses on delivering consistently leading investment results for its shareholders and business partners. PCH does this by working as an integrated team using an investment paradigm, focused change, processes and actions that are both robust and repeatable. PCH’s investments network, enhanced by its sustained presence and cemented platform in key industries, gives PCH an advantaged articulation of local and global investment issues. It has enhanced its partnership with reputed business representatives in key cities around the world. Our global platform provide us with the local insight to give our Platinum Capital Holdings P v t L t d +960 334 3840 info@pch.com.mv
shareholders
and
our
partners
exceptional
investment
performance.
w w w. p c h . c o m . m v
PRODUCTS & SERVICES: PCH is currently a family owned business with a professional management team managing the assets of the family. What is important to PCH is that we deliver investment performance, our founders and partners strive for performance,
our
values
are
compassed
to
achieving
performance in a completely aligned and fully integrated plan geared towards the achievement of objectives. Through extensive research, deliberate formulation and perceptive articulation of industry core concepts;, we are equipped with information that will enable us to enhance and harmonize conventional wisdom with innovative paradigms, which will allow us to be distinct from the others, completely in every imaginable room scenario and style for both interior and exterior of residential and commercial living environments.
RAINBOW ENTERPRISES CEO/Managing Director
IBRAHIM RAFEEQ
Year Started
1990
Employment
135
Industry
CONSTRUCTION
Ownership
PARTNERSHIP
Subsidiaries
RAINBOW ALUMINIUM PVT LTD RAINBOW CONSTRUCTION RAINLAND DEVELOPERS PVT LTD MALDIVES STRUCTURAL PRODUCTS PVT LTD INTEK SYSTEMS PVT LTD
Rainbow Enterprises Pvt Ltd (Rainbow) registered in Republic of Maldives in 1990 had its origin in the building industry. The founding shareholders of Rainbow were the group who started the first registered architectural and engineering firm (Tekton Design Associates Pvt Ltd) in the Maldives.
Tekton
professionally
Design
associated
registered with
in
1988
Rainbow.
The
is
still main
objective of Rainbow was to enter various businesses related to the building industry and therefore initially started trading in building materials and furniture. Rainbow Enterprises Pvt Ltd +960 334 0400 s a l e s @ ra i n b ow.co m . mv www. ra i n b ow.co m . mv
PRODUCTS & SERVICES: The company’s focus is to source quality products and supply to the market at an affordable price. Rainbow owns various outlets in Male’ for selling its range of products and has a distribution network for selling to the outer islands of the country. Over the years Rainbow diversified into related specialized areas through associated and subsidiary companies. Therefore our goal is to become a market leader in delivering a wide range of quality building products including those related to living solution to all the segments of the market. Rainbow Enterprises in partnership with its associated companies (Rainbow Group) will work as a unified team to give high quality service to the customers to achieve the group’s goal as a One Stop Building Solution provider to the Maldives market.
RASHEED CARPENTRY & CONSTRUCTION CEO/Managing Director
IBRAHIM RASHEED
Year Started
1950
Employment
500
Industry
CONSTRUCTION AND TRADE
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
RCC ALUMINUM RCC BUILDWARE
Rasheed Carpentry & Construction Pvt Ltd has emerged as one of the most respected general contracting companies in the Maldives. More commonly known as RCC, our business has proved our ability to take on large and complex projects to be completed on time, on budget and at the highest levels of quality. We have an energetic enthusiasm for what we do. We are
RASHEED CARPENTRY & CONSTRUCTION To t a l C o n s t r u c t i o n S o l u t i o n
sensitive to the needs of our customers.
We share a
willingness to accept total responsibility. We have a craftsman like pride in knowing that what we build will last for generations.
Rasheed Carpentry & Construction Pvt Ltd +960 331 7878
Over the years, we have developed multifaceted systems
info@rcc.com.mv
and procedures to ensure control over cost, quality,
www. rcc .co m . mv
schedule, scope, and safety. We consider each member of the Project Team to be essential to the success of a project. We foster an atmosphere of mutual trust and cooperation among the team members by remaining sensitive to their specific needs throughout the project life cycle. We also have a company-wide policy encouraging quality services at a competitive price, ensuring the highest degree of professional service and results on all projects undertaken. PRODUCTS & SERVICES: Building Construction, Real Estate,
Aluminum,
Buildware
(Sale
of
Construction
Materials), Building Maintenance, Concrete Pump Rental, Provide Ready Mix Concrete
REEFSIDE CEO/Managing Director
HASSAN ZAHIR
Year Started
1976
Employment
116
Industry
WHOLESALE & RETAIL TRADE
Ownership
100% LOCAL ( PRIVATE HELD)
Despite
its
humble
beginnings
in
1976,
Reefside
Company now leads the way for sale of watches and electronics of repute in the Maldives. The Company has further gained the trust of their customers by establishing
the
first
full-fledged
Watch
Service
Centre and Electronics Service Centre for quality after sales services in the Maldives. Reefside Maldives is recognized as a leader of selling original watches and electronic products in Maldives for 03 decades and will be celebrating their 40th anniversary of providing top quality services in 2017. Reefside Maldives leads the way of enriching and
Reefside Company Pvt Ltd +960 332 3545 reefside@reefsidemaldives.com
innovating
people
commitment
to
lifestyles.
quality,
Through
constant
their
innovation
and
respect to others, they aim to exceed expectations and be rewarded with customer trust and loyalty.
www. re e f s i d e m a l d i ve s .co m
PRODUCTS & SERVICES: Reefside is the Authorized Service Centre for LG, Sony, Bose and Nikon Electronic products
in
International undertake
the after
repair
Maldives sales and
and
Service
servicing
offer
local
Guarantee. of
all
the
and They latest
technologically advanced electronic products. To go abreast with the technology advancement in the maintenance of watches and to steer the Company to a status where the confidence of the clientele is satisfied to a level they feel the company care about their time.
SALSA INVESTMENT CEO/Managing Director
IBRAHIM AAMIR
Year Started
2002
Employment
75 - 100
Industry
RESTAURANT, CATERING
Ownership
100% LOCAL (PRIVATE HELD)
Salsa Investment Pvt Ltd was founded in the year 2002 with a daring vision that would set the new standards for food and beverage facilities and catering services in the Maldives. Over the years, Salsa has gained the trust of their customers and clients, owing to a persistent focus on the quality of service, and the determination to always
impress.
business,
Salsa
Even is
among duly
the
veterans
acclaimed
for
in
the
flawless
operational skills and the capability to take on even the
Salsa Investments
most intimidatingly large events with proper execution and style. When it comes to professional catering, Salsa is the dominating name in town. PRODUCTS & SERVICES: The first outlet, Salsa Café,
Salsa Investment Pvt Ltd
offered a mix of western and local dishes, in an open-air
+960 334 1933
setting located in the heart of Malé. Salsa later started a
aamirsalsaa@gmail.com
pizza delivery service, named Salsa Pizza. Other outlets by Salsa include Salsa Canteen, Salsa 205 and Mint Leaf. The growing popularity of Salsa outlets soon led to Salsa Express, the delivery service that provided all dishes from any Salsa outlet to all doorsteps in Malé. After a year in operation, Salsa opened their biggest establishment, Salsa Royal Restaurant. This 50 seat restaurant serves a variety of cuisines including Local, Asian and Western cuisines. Salsa Catering Service, is by far, the leading caterer with the potential and capacity to deliver impressive feats of food
service.
With
pre-event
arrangements
and
post-event technicalities, Salsa is in a league of its own.
SEAGULL GROUP Managing Director
SALAH SHIHAB
Year Started
1984
Employment
130
Industry
WHOLESALE AND RETAIL TRADE
Ownership
100% LOCAL (PRIVATE HELD)
Seagull Group, in 30 years of its establishment presents a proud team of diverse proficiency representing 5 retail outlets, 1 café, 1 island dedicated for local agriculture and fisheries produce. Established in 1984, Seagull Group Pvt Ltd visions to be the most reliable and efficient service industry in the country. PRODUCTS & SERVICES: The first outlet of the company is Seagull Marine, which was initially introduced as Seagull Store as retail outlet for boat and marine equipment. The oldest outlet the company owns is Seagull Café. Since 1985
this
garden
restaurant
initially
operated
independently under the name Gabbiano and in 1994 it came under the operation of Seagull Group with the Seagull Group Pvt Ltd +960 332 2019 nabaha@seagullmaldives.com www. s e a g u l l m a l d i ve s .co m
change in name to Seagull Café. In 1995, Sea Sports entered the market targeting to provide surfing and swimming gear for the resorts. In April 2014, a new outlet of Sea Sports joined the company to keep up with the growing demands of our loyal customers. Seagull Foods was also opened in 1995 then known as Seagull Store 4. Initially the introduction of a foods outlet was solely based on retailing and wholesaling products from Maafahi. The island Maafahi in the Haa Alifu Atoll is where Seagull Group has its agricultural and fisheries project combined with a boatyard. Seagull Foods opened its second outlet in 2007.
SENIOR INTERNATIONAL CEO/Managing Director
IBRAHIM ZAINUL ARIF
Year Started
2006
Employment
50 -60
Industry
WHOLESALE & RETAIL TRADE
Ownership
PRIVATE HELD
Though our team officially started under the same roof as the team at Senior Group of Companies in early 2011, we have been collectively collaborating since 1998. Initially with just two brands in our portfolio, we proudly own and provide more than fifty brands for our customers here in the Maldives. Our mission is to search the world and find the products that give our customers the best quality, taste, and value that they can find in the Maldives. Customer satisfaction is key, the quality we provide, is complimentary. Our vision is to continually reinvent and develop ourselves to understand the ever changing customer needs and to always be able to meet them with the best quality and unrivalled value as your trusted companion. PRODUCTS & SERVICES: Consumer Goods and Bike Senior International P v t L t d +960 330 8687 office@seniormaldives.com w w w. s e n i o r m a l d i ve s . c o m
Services
SHEESHA CEO/Managing Director
IBRAHIM HUSHAM
Year Started
1987
Employment
99
Industry
AUTOMOBILE INDUSTRY
Ownership
PRIVATE HELD
We were first established as a small shop selling imported garments. Three brothers own the company, the eldest being the founder. Throughout the years, we have expanded our operations to three major cities. The firm’s head office and a 3S (Sales, Service, Stores) is in Male’, the capital of Maldives. The other 3S’s are in Hithadhoo. Our latest addition to the chain is the outlet in Hulhumale’ that operates under the 2S’s (Service & Stores). Full after-sales services are provided for the motorcycles and power products that we sell directly to customers or on an installment basis through Sheesha Installments (BMC), our installment partner. PRODUCTS & SERVICES: SHEESHA is committed to being the "Supplier of Choice" through product and service Sheesha Pvt Ltd
excellence. Our emphasis is on being a responsible,
+960 334 6632
innovative business providing Value-Added services to our
info@sheesha.com.mv www. h o n d a . mv
customers and suppliers. In January 20th 1997, Sheesha was established as the Sole Authorized Distributor of Honda in Maldives. Our sole lines of
consumer
products,
comprising
Honda
Brand
Motorcycles, Water Pumps, Engines and Generators, are valued and enjoyed by countless fans around the nation. We also provide after sales services through our specialist Honda mechanics who ensures continuous reliability. Our position at the top is secured simply by providing equivalent and consistent quality after-sales services and support along with top quality products. We have evolved over the years, but our belief for excellence in products, service, price, financial stability, and ethical business practices have remained unchanged.
SILVER SANDS CEO/Managing Director
HUSSAIN THOUFEEQ ALI
Year Started
2000
Employment
400 +
Industry
TOURISM AND TRADE
Ownership
PRIVATE HELD
SILVER SANDS Pvt. Ltd. is a Maldivian company that was registered in the Maldives in 2000 with the aim of engaging in tourism related businesses. The Company has been in inbound travel business since its inception. In 2005, the Company made the decision to expand into resort-based recreational activities and has been investing in, and very successfully managing dive and water sports operations in 11 luxury resorts in the Maldives. Silver Sands takes pride in claiming to be the first company to offer all water based activities, which include diving, water sports and all types of fishing and excursions under one roof. This new concept based on offering a "total solution" for all water based activities has been very well accepted by the resort owners and Silver Sands Pvt. Ltd +960 334 2737
management companies.
info@silversands.com.mv www. s i l ve r s a n d s .co m
PRODUCTS & SERVICES: In 2013 the company ventured into trading and has opened shops in Male', namely, EVO Home, Sea Gear, EVO Solutions, EVO Flooring and EVO Surfaces. EVO HOME is dedicated to providing high quality products for your every home requirement. EVO SOLUTIONS, a one stop solution for all your needs mostly specializing in F&B products, bathroom and outdoor
furnitures.
EVO
FLOORING,
provides
high
quality interior and outdoor flooring solutions for commercial and residential needs. EVO SURFACES aims to offer different types of stone solutions customized to your individual needs without compromising the design or shape. SEA GEAR offers the full range of marine related equipment.
SIRIUS ENTERPRISES CEO/Managing Director
AHMED NASEEM
Year Started
1993
Employment
125
Industry
AUTOMOBILES, TRANSPORTATION
Ownership
100% LOCAL ( PRIVATE HELD)
Established in the year 1993, Sirius Enterprises is the leading company in the automobiles industry of the maldives. We are specialized in selling used cars imported from Japan. Additionally, we import spare parts which are being sold in three shops. We are the sole distributor of Valvoline Engine and Motor Oils, Yokohama Batteries, Bando Belts, Apollo Tires and Nankang Tires. Furthermore, we are one of the leading companies providing speedboat services. PRODUCTS & SERVICES: It is of utmost importance to us to make sure that all our customers are entirely satisfied with the product and service that they acquire from us. We are specialized in importing used and damaged cars from Japan which is repaired Sirius Enterprises Pvt Ltd +960 332 0788
and serviced at our garage (H.A.D G arage). H.A.D
sirius@dhivehinet.net.mv
garage is specialized in providing complete service for all car brands. The parts and products fitted are carefully selected by our team. Furthermore, we are the exclusive distributor of Valvoline Engine Oils, Yokohama Batteries, Bando Belts, Nankang Tires, Apollo Tires which are available for purchase at three shops namely Sirius 1, 2 and 3 or purchased on credit basis from our main office. Additionally, we are
specialized
in
providing
throughout the Maldives.
speedboat
services
SONEE HARDWARE CEO/Managing Director
MOOSA KALEEM
Year Started
1970
Employment
400
Industry
HARDWARE & CONSTRUCTION MATERIALS
Ownership
100% LOCAL ( PRIVATE HELD)
Founded
in
1970,
Sonee
Hardware
has
been
a
fore-runner in setting innovative trends in the Maldivian business
arena.
Dealing
in
hardware,
plumbing,
electrical items, sanitary ware, tiles, kitchen/home ware and power tools, Sonee Hardware is by all means a true leader in the hardware market dedicated to providing the best buying experience to customers. PRODUCTS & SERVICES: Authorized distributor of world renowned brands from Europe and USA such as ABB,
Osram,
Ledvance,
Bosch,
Caparol,
Duravit,
Hansgrohe, Karcher, Roca, Artemide, Leifheit, Shimano, Brabantia, Dunlop, Fischer, Mapei, Geberit, Marazzi, Mustad, Sonee Hardware Pvt Ltd +960 333 6699 info@sonee.com.mv www. s o n e e.co m . mv
Yale,
Solignum,
Xlboom,
Domani,
Hubsch,
Corelle, Chilewich, Lamitak, Dorma, Notre Monde, Fluke, Fosroc, Harris, Serax, Joseph Joseph, Lock and Lock, Noramann Copenhagen, Verbatim.
SONEE SPORTS CEO/Managing Director
AHMED KALEEM
Year Started
1991
Employment
90
Industry
WHOLESALE & RETAIL TRADE
Ownership
PRIVATE PARTNERSHIP
Since 1991, SONEE SPORTS have championed its growth from a small corner shop dealing with sports merchandize to a leading business spanning to various lines of related businesses including sports performance, lifestyle, fashion, sea and surf to fitness equipment selling. In its 25 years of existence, SONEE SPORTS have managed and established over 18 international leading brands in Maldives. With a staff base of 90 dedicated employees, Sonee Sports services its retail as well as wholesale customers from a total floor space of more than 18,000 square feet. Our intimate understanding of the local consumer markets, customer relationships, and retail experience topped up with sales and marketing expertise has been rewarded with unquestioned market leadership in sports and fashion, which makes Sonee Sports the partner of choice. Sonee Sports Pvt Ltd
SONEE SPORTS have always remained true to its core
+960 333 5995
principle of working closely with our partners to establish
info@soneesports.com.mv www. s o n e e s p o r t s .co m . mv
brands that leaves our customers delighted. PRODUCTS & SERVICES: Sonee Sports is the largest sporting goods retailer in Maldives. The chosen line of product categories
includes;
sports
footwear,
football,
exercise
equipment, surf and street wear. Major brands Sonee Sports distributes include the likes of adidas, Nike, Quiksilver, Roxy, Rip Curl, Billabong, Cybex, New Balance, FBT, Mikasa, Bata and K6. Sonee Sports also launched the first online store “soneesports.mv� last year. Through this added service introduction any person, anywhere in the country can order products of their choice including its full customization service for jersey selection and printing services. Sonee Sports deliver branded products, exceptional service, unparalleled customer support and operational excellence to create highest value to the customers, employees and suppliers.
STATE TRADING ORGANIZATION CEO/Managing Director
AHMED SHAHEER
Year Started
1964
Employment
2000
Industry
GENERAL TRADE
Ownership
100% LOCAL
Subsidiaries
MALDIVE GAS ALLIED INSURANCE STO MALDIVES (SINGAPORE) FUEL SUPPLIES MALDIVES MALDIVES NATIONAL OIL COMPANY STO HOTELS AND RESORTS MIFCO
The roots of State Trading Organization Plc, dates back to 1964 when it was opened to finance the purchasing and importation of essential food items needed for the Maldivian community in bulk. Today STO has sustained this crucial responsibility to oversee the food security concerns of the government. STO group, with its subsidiaries, joint ventures and S t a t e Tr a d i n g O r g a n i z a t i o n P l c +960 334 4333 info@stomaldives.net www. sto. mv
associates, is a national leader in business. It also focuses
in
petroleum,
cooking
gas,
construction
materials, medical supplies and pharmaceuticals, home appliances,
electronics,
supermarket
products
and
insurance. STO over the years, has entered more areas of trade and other business to meet the growing demands of a developing nation with rising living standards. It has expanded geographically, spun off subsidiaries and formed partnerships to meet opportunity. PRODUCTS & SERVICES: Staple foods, Stores, Fuel and Gas,
Construction
Cement,
Gadgets,
materials, Wholesale,
Electronics, Retail,
Paints,
Pharmacies,
Insurance, Service Centre, Import and Export, Shipping, Oil Trade Expansion, Fisheries, Tourism, Logistics and Distribution.
STATIC COMPANY CEO/Managing Director
M.V KRISHNER KUMAR
Year Started
1989
Employment
30
Industry
TRADING
Ownership
100% LOCAL ( PRIVATE HELD)
Static company private limited is a duly registered limited liability company in the maldives since 1989, with its primary objectives in the fields of mechanical and electrical engineering and water treatment . The company’s main activities include the design of M&E
networks,
contracting,
supply
of
power
generation and distribution equipment, building and supply of reverse osmosis desalination plants and waste water treatment plants , under the company’s own registered brand name of ‘ Aqua Reef ’ , providing maintainance & repair services and trading in related goods PRODUCTS
&
SERVICES:
We
are
the
authorized
Static Company Pvt Ltd
distributor of several brands of international repute
+960 331 0313
like Legrand, Hager, Gewiss, Clipsal, Merlin Gerin,
s a l e s . a s s i s t a n t @ s t a t i c - c o m p a n y. c o m w w w. s t a t i c - c o m p a n y. c o m
Telemecanique, Davey etc. We have three showrooms in Male' wherein we trade Electrical & Mechanical spares and other related items for power generations, water plants etc. Separate workshops established for Electrical, Mechanical, Engineering services with a separate mention.
Generator
service
center,
needs
special
SUN FRONT CEO/Managing Director
MOHAMED RASHAD ADAM
Year Started
1984
Employment
180
Industry
TRADING
Ownership
PRIVATE HELD (LOCAL)
Subsidiaries
SCOPE COMPANY PVT LTD
Sun Front started business with Hulhule’/ Airport – Male’ Ferry service in 1984 under the name “Sun Tour Maldives Pvt. Ltd.” and as a distributor of tourism specific literature in Maldives. Since then, Sun Front has steadily grown to become one of the most innovative companies in Maldives. In 1989, the name was officially changed to “Sun Front Pvt. Ltd.”. Sun Front is best known as a retailer and distributor of Lighting, developed real-estate
Furniture, as
highly
and
Home
Décor,
experienced
construction
bicycles and
industry.
and
skilled With
has
in
the
major
showrooms in Male’ City, dedicated for Lighting, Furniture and Home construction materials and Bicycles, Sun Front has established itself as a major trading company that Sun Front Pvt Ltd +960 331 3313 adminhr@sunfront.com.mv
provides complete goods & services solutions to individuals and corporations alike.
www. s u n f ro n t .co m . mv
PRODUCTS & SERVICES: Sun Front entered the Furniture trade by opening “Scope Furniture” in 2000. Similar to its entry into other trading areas, at opening, Scope Furniture was the biggest furniture showroom in the Maldives and offered a wide range of furniture solutions. “Sun Front Lightshop” opened its doors with new innovations on offer to the customer. The outlet offered a wide range of lighting solutions for people who wanted something better than the basic lighting solutions that were available in Male’ then. In keeping with corporate philosophy Sun Front entered the bicycle trade by opening “Spectrum”; a dedicated shop that offered wide range of Bicycles, Spares and Accessories. Sun Front Marine envelopes the ferry business started by Sun Front in 1984 by introducing several innovations to the basic ferry dhonis (vessels) used in Maldives then.
SUN SIYAM Managing Director
AHMED SIYAM MOHAMED
Year Started
1990
Employment
3000
Industry
HOSPITALITY
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
SUN SIYAM RESORTS, SUN TRAVELS & TOURS, EMERALD RESORT, SUN INVESTMENTS, LETS TRAVEL, SUN MEDIA, SUN CONSTRUCTION
Sun Siyam is made up of a number of companies and primarily
involved
in
the
hospitality
industry,
is
incorporated in the Maldives with its sales offices in South Asia, Asia Pacific and Europe. Being one of the top 5 tax payers of the country and with
more
than
3000
employees
under
its
able
guidance, today, Sun Siyam and its subsidiaries have grown to be a leader in the tourism industry of the Sun Siyam Pvt Ltd +960 332 5977 info@sunsiyam.com www. s u n s i ya m .co m
Maldives. Over the years and as its business acumen grew, the group diversified its business into other related
business
interests
including
Construction,
Media and Agriculture. PRODUCTS
&
operations, Transport magazine
SERVICES:
Resort services, &
radio
Travel
management, Media
Agency, Safari
(online
broadcasting),
Watersports centers, Spa operations.
Resort
operation,
news,
Diving
news
centers,
SUNL AND HOTELS CEO/Managing Director
SHABEER AHMED
Year Started
1996
Employment
700 -750
Industry
TOURISM / HOSPITALITY
Ownership
100% LOCAL (PRIVATE HELD)
Subsidiaries
COCO COLLECTION
For more than 30 years, we have been sharing our passion
for
travel,
adventure
and
life’s
luxuries.
Sunland Group is a leading name in the industry, rooted in genuine local hospitality. Under the group, Sunland Hotels originally evolved from a travel agency founded in 1985, to a market leader managing its own world-class luxury brands and destinations in the Maldives. PRODUCTS & SERVICES: Today, Coco Collection – the luxury portfolio of Sunland Hotels – is one of the Maldives’ most renowned luxury resort brands. Each island in the collection has its own unique attributes Sunland Hotels Pvt Ltd
and appeal, and the brand offers a kaleidoscope of
+960 333 6611
experiences, all supported by impeccable levels of
info@sunland.com.mv w w w. s u n l a n d h o te l s .co m
service. Outside the Coco Collection umbrella, Sunland Hotels group owns and manages Biyadhoo Island Resort. Biyadhoo offers a fascinating glimpse into the simple, yet breath-taking beauty of Maldives, providing peace and tranquility to the weary soul.
SUNWILL CEO/Managing Director
ABDULLA RAFIU
Year Started
2011
Employment
96
Industry
CONSTRUCTION SECTOR
Ownership
100% LOCAL (PRIVATE HELD)
SUNWILL is a corporate business group providing a wide range of trading and contracting services in several fields across the Maldives Island. Founded in 2011, SUNWILL was mainly dealing with civil and mechanical general contracting services but has grown to become a multifunctional organization. SUNWILL has been actively involved in construction and trading activities for private and public sectors, executing numerous projects for the island resort developments and housing developments. Founded in 2011, our aim has been always to satisfy our clients by striving to successfully complete any given project. Our success ultimately came from a steadfast commitment to the client’s vision, with a passion for new collaborative building practices and a culture of Sunwill Pvt Ltd
balance, integrity, leadership and loyalty.
+960 300 6920 info@sunwillmaldives.com
Furthermore, SUNWILL has also gained a well-developed
www. s u nw i l l g ro u p.co m
expertise in other different sectors including: hospitality industry, food business, construction management, and engineering material wholesale, logistical support, Metal fabrication, dredging and harbor development. PRODUCTS & SERVICES: Our products and service include
construction
or
development
of
resorts,
construction of residential or commercial buildings, Harbor development, remodeling interior and exterior of existing buildings, remodeling buildings from small scale to large scale, Scheduling, Quality control, Project management. In addition to this we have also recently advanced into the real estate industry too.
SUNRISE MALDIVES CEO/Managing Director
ABDULLA SHAHEER
Year Started
1999
Employment
80
Industry
SHIPPING
Ownership
PRIVATE HELD
Sunrise Maldives Private Limited was founded as a ship agency serving ships calling at the ports of Maldives. Over the course of time, we have evolved into full service ship and yacht agency serving different categories of vessels. The core activities of our company include logistics support services, project cargo handling, crewing and manpower supply, specialized cargo logistics and procurement and bunkering services. Our dedicated and professional staff is highly experienced in all aspects of vessel and cargo operations. Our goals are to provide a comprehensive and professional services to each of our clients. We are committed to provide superior levels of service and efficiency throughout all aspects of our business. It is our objective to make a lasting Sunrise Maldives P v t L t d +960 332 5212 info@sunrisemaldives.com w w w. s u n r i s e m a l d i ve s . c o m
impression with each of our clients that Sunrise Maldives Private Limited is a superior service provider We pride ourselves on the standard of being the best at what we do. PRODUCTS & SERVICES: Sunrise Maldives Private Limited provides handling services for a variety of vessels including cargo ships, yachts navy vessels, research vessels, tramp ships, cruise liners, fishing vessels and military submarines. Our responsibilities, to say the least, are enormous. Responsibilities
included
arranging
inward/outward
clearance, berthing locations, obtain cruising permit, fueling, provisioning, accounting, minor repair and a multitude of other port services.
SYMPHONY MALDIVES CEO/Managing Director
RIFFATH WALEED
Year Started
1997
Employment
190 - 210
Industry
FOOD AND BEVERAGE, HOSPITALITY
Ownership
PRIVATE HELD (100% LOCAL)
A
service
oriented
company sharing
a vision
of
becoming “Champions in the service industry” by implementing
and
sustaining
innovation
through
products and services. Founded in 1992, Symphony Maldives
specializes
in
Restaurant,
Catering
and
Guesthouse business within Capital Male’, Laamu Atoll and Kaafu Atoll. Symphony Maldives has retained a reputation for consistency in food taste and unique service style. The company’s main aim is to pursue a dream of not just providing quality products and services to customers, but to become the “Champions in the service industry”. With over 20 years in the service industry, we have gained experience to cater for huge parties, operate S y m p h o n y M a l d i v e s P V T LT D +960 333 8719 Info@symphonymaldives.com
and manage 4 restaurants in different locations, simultaneously ensuring all restaurants are practicing excellent “Symphony Service Standards”. PRODUCTS & SERVICES: Everything to do with Dining, Hospitality
&
Traveling.
Managing
and
Operating
Group of Restaurants, Catering for private parties and government
projects,
food
delivery
services.
Managing and operating Guest house in Maafushi (Crystal Sands Maafushi). Managing Seaports, Speed Boat
Services,
Arranging
Excursions
Managing Gelatos ice cream in Maafushi.
and
trips.
T.E.P CONSTRUCITON Managing Director
ALI MANIK
Year Started
1995
Employment
150 - 200
Industry
CONSTRUCTION & TRADE
Ownership
PRIVATE HELD (100% LOCAL)
T.E.P Construction Pvt Ltd, was founded in 1995 by Mr. Ali Manik, with the mission to provide quality construction and related products and services to its customers. We continue to remain devoted to craftsmanship and customer service through a talented and committed team of professionals. T.E.P has been fortunate to acquire and retain many talented people who are committed to our company and our clients. Over the years, we have grown and changed with the construction, real estate and Hardware trade. We have succeeded in establishing ourselves as one of the most prominent commercial interior firms and have utilized our resources
to
become
one
of
the
premiere
builders,
undertaking commercial and residential projects. With 5 hardware outlets across Male’, TEPcon Hardware remains one T. E . P C o n s t r u c t i o n P v t L t d +960 332 6787 info@tepcon.com.mv
of the leading hardware suppliers in the country with a unique variety of products and services.
www.te p co n .co m . mv
PRODUCTS & SERVICES: Construction Services: Residential Construction, Commercial construction, Resort Construction, Project Management, BOQ Services, Demolition and site cleaning services, Excavation services, Building maintenance, remodeling, interior design; Rental Services: Excavator rentals, Forklift rentals, Dump Truck rentals. Real estate: residential apartment rental, commercial space rental. Trade: wholesale and retail of construction materials, general hardware, home improvement products, home appliances, Generators, construction tools and machineries, resort supplies.
TEKTON DESIGN ASSOCIATES CEO/Managing Director
ALI SHAREEF
Year Started
1988
Employment
17
Industry
ARCHITECTURAL & ENGINEERING
Ownership
100% LOCAL (PRIVATE HELD)
Tekton Design Associates is a registered architectural and engineering practice established in 1988 Maldives by a group of enthusiastic and hard working architects & engineers who saw the opportunity to participate in the development of the country through their profession. Since 1988, TDA has designed and supervised the construction of a major part of the prestigious tourist resorts, commercial & residential buildings in Maldives. We are dedicated to the craft of our profession and produce work that we can be proud to put our name behind. PRODUCTS & SERVICES: TDA’s design expertise cover the
areas
of
Feasibility
Study,
Preliminary
Design
Te k t o n D e s i g n A s s o c i a t e s P v t L t d
Concepts, Architectural & Engineering Detailed Design,
+960 332 4959
Mechanical & Electrical Design, Interior Design, Project
admin@tektondesign.com.mv w w w.te k to n d e s i g n .co m . mv
Management & Construction Supervision of Tourist Resorts,
Commercial
Sector
Buildings,
Industrial
Buildings & Residential buildings and surveying. TDA serves a wide range of clients whose interest include residential, office, commercial, retail, industrial, institutional, educational, hotel and resort projects. Our portfolio is testimony to our success as one of the leading architectural and engineering design firms in the country. Having been trusted with the designing of a wide range of settings for local and internationally acclaimed business firms is an assurance of outstanding performance.
THE HAWKS CEO/Managing Director
HASSAN RIFAU
Year Started
2007
Employment
275
Industry
FUEL SUPPLY
Ownership
100% LOCAL ( PRIVATE HELD)
Subsidiaries
MALDIVES BEST BRICKS HAWKS LATHE WORKSHOP HAWKS SPEED AIRPORT BEACH HOTEL HAWKS BOATYARD
The Hawks Private Limited is one of the leading fuel supply companies in Maldives. Established in 2007, the company is primarily focused on the supply of petroleum products. Over the nine years it has been in
business
it
has
developed
and
expanded,
diversifying product range and services provided. Recently The Hawks invested in property development in the tourism sector as well. The Hawks pay exceptional attention to the services they provide and absolutely refuse to compromise The Hawks Pvt Ltd +960 334 0949 info@thehawks.biz www.t h e h aw k s . b i z
quality. The Hawks aspire to keep their services ahead
of
the
safety
guidelines
set
by
local
authorities and regulatory boards. The company values product deliverance and punctuality and will always prioritize their customer ’s needs first. PRODUCTS & SERVICES: Our services include fuel supply to inhabited islands and resorts, to industrial and
commercial
projects,
as
well
as
sales
and
distribution of fuel related equipment. Bunkering services
are
provided
both
domestically
and
internationally to fishing vessels, ferry boats, safaris and to cargo ships, cruiser vessels, super and mega yachts and to navy vessels respectively. The Hawks also pride themselves with being the only company that provides fuel-related consultancy services to their clients in Maldives.
TRANS MALDIVIAN AIRWAYS CEO/Managing Director
A.U.M. FAWZY
Year Started
1989
Employment
1000
Industry
AVIATION AND AIRLINE INDUSTRY
Ownership
PRIVATE HELD
The beginnings of aviation in the Maldives are to be undoubtedly attributed to Trans Maldivian Airways. TMA started in 1989 as a company operating a helicopter fleet under the name Hummingbird Island Helicopters. Eight
years
later
the
name
was
changed
to
Hummingbird Island Airways, as the first seaplane was added to the fleet. The transition to a seaplane-only fleet was completed in 1999. A year later, the name Trans Maldivian Airways name came to be, and still today represents a synonym for connecting the Maldives islands. TMA is the oldest air services operator in the Maldives and has grown to become the largest seaplane operator in the world. Tr a n s M a l d i v i a n Airways Pvt Ltd
In February 2013 Maldivian Air Taxi (MAT) and Trans
+960 331 5201
Maldivian Airways (TMA) partnered with Blackstone,
info@transmaldivian.com www.t ra n s m a l d i v i a n .co m
one of the world’s leading investment and advisory firms. A private equity fund managed by Blackstone on behalf
of
its
private
equity
investors
acquired
a
controlling interest in the two companies. The founders and majority shareholders of both MAT and TMA will continue to play a significant role in the new merged company, under the name of Trans Maldivian Airways. PRODUCTS & SERVICES: TMA Operates 45 seaplanes including three new DHC-6-400 series and conduct well over 100,000 flights per year making them the world’s largest Twin Otter operator on land or sea. Trans Maldivian Airways employs around 1000 people and service more than 60 resorts.
UNITED DEVELOPMENT Managing Director
FATHMATH SHANNA
Year Started
2004
Employment
25 - 29
Industry
CONSTRUCTION & ARCHITECTURE
Ownership
100% LOCAL (PRIVATE HELD)
UNITED DEVELOPMENT was established in 2004 by experienced
civil
and
structural
engineer,
Ahmed
Mahreen. He has been involved in the construction of all airport development projects in the Maldives completed by the Government of Maldives. He started his service in Government in this field in 1979. His knowledge and experience in the field was found to be reliable and highly satisfactory in all the projects he had
worked
in.
His
main
responsibilities
in
the
government included managing and maintenance of the regional airports in the Maldives, while managing and supervising various projects including planning and construction of civil works at the regional airports. United Development Pvt Ltd +960 333 8709 admin@united-development.net
An independent technical and management consultancy and contracting company which has built an outstanding reputation of achievement for our clients in all aspects of airports and related infrastructure. We recognize that airport projects require particular skills in their planning and implementation: operational and customer service consideration must be paramount. PRODUCTS & SERVICES: The scope of work by United Development includes Airport Planning, Design and Consultancy for the construction of Airfield Pavements, Service Roads, Revetment and Breakwater, Quay walls, Power Distribution System, Water Supply and Sewerage Systems.
Other
Services
include
Architectural
and
Interior Design Services, Urban Planning and Design, Resort Planning, and other architectural Services.
UNITED FOOD SUPPLIERS Managing Director
IBRAHIM ATHIF SHAKOOR
Year Started
2007
Employment
80 +
Industry
FOOD SERVICE ACTIVITIES
Ownership
PRIVATE HELD (100% LOCAL)
United Food Suppliers (United) is one of the fastest growing businesses in Maldives specializing in supply, storage and distribution of temperature controlled foods mainly to the resort industry. United was formed in 2007 with the vision of becoming the finest in food business and set the industry bench mark on quality, delivery and performance. We are committed towards excellence and are
dedicated
towards
delivering
high
quality
food
products with the commitment of maintaining a culture of customer focus. United strives for superior understanding of customers’ needs by being an innovative and responsive company where each employee is dedicated to serving customers. United is the first company in the resort food distribution United Food Suppliers Pvt. Ltd +960 330 0666 info@ufs.com.mv www. u f s .co m . mv
business that achieved HACCP status in the country and the company is committed to continue to maintain its entire logistic chain in accordance with the principles of HACCP. PRODUCTS & SERVICES: United has built and brought into operation the country’s biggest chiller and cold storage and is leveraging the superior infrastructure; it’s cold and chiller capacity, the temperature controlled vessels and vehicles and the experience of its logistic team, to offer unmatched services to its customers. While, United has previously focused on frozen meat, poultry and frozen vegetables, we are also entering the premium end of the market with fresh fruits and vegetables, sea food, high end cuts and selected brands. United have also, albeit slowly, entered the dry goods market with a view towards greater diversity in its product portfolio.
UNIVERSAL ENTERPRISES Chairman
MOHAMED UMAR MANIKU
Year Started
1978
Employment
3500 +
Industry
TOURISM
Ownership
100% LOCAL (PRIVATE HELD)
Universal
enterprises
is
the
pioneering
force
that
transformed the Maldives from obscurity into one of the world’s
most
sought-after
travel
destinations,
while
actively diversifying across the rate of industries and service sectors. In 1960’s an international development survey claimed the Maldives unsuitable for tourism. Few would have disagreed: the pristine archipelago was indisputably
breathtaking
but
with
little
national
infrastructure to speak of. Nonetheless, a handful of like-minded entrepreneurs believed otherwise, they could not have predicted the extent to which the Maldives would grow as a tourist magnet, but their bold initiative jumpstarted the development path that has placed the island nation on the map as one of the most desired travel Universal Enterprises Pvt Ltd
destination in the world.
+960 332 3080 www. u n i ve r s a l e n te r p r i s e s .co m
PRODUCTS
&
SERVICES:
Born
as
Travel
Specialist,
powered by a strong entrepreneurial spirit. As a small band of entrepreneurs, we piloted tourism in the Maldives in 1972, hosting the first ever organized group tour to the islands and building its first resorts in the following month. Flash forward circa 35 years. From a group of localized travel specialist to a diversified conglomerate employing close to 4000 individuals. Universal enterprises has become as fundamental a presence in the Maldives tourism and travel landscapes as powder white sands of the islands with numerous business encompassing several industries from travel services to trading , manufacturing and real estate, universal enterprises continues to be a pivotal force, creating dynamic resorts, developing human resources and promoting sustainable tourism.
V.A.M & COMPANY CEO/Managing Director
AHMED ZUBAIR ADAM
Year Started
1998
Employment
40 - 60
Industry
MARINE EQUIPMENT
Ownership
100% LOCAL (PRIVATE HELD)
VAM & Company had a humble beginning as a sole trader business in 1979 and was incorporated in 1998. Since then VAMCo has grown to become one of the largest and reputed dealers of marine equipment and products in the Maldives today. We provide marine solutions to sectors such as the fishing industry, tourism industry and ferry and transport services. VAMCo prides in being a one stop solution for all your boating needs. VAMCo won the Most Preferred Marine Engine Brand of the Year Award for Doosan Daewoo Marine Engines at the Maldives Boating Awards in 2014 and 2016. VAMCo also won the Marine Equipment Supplier of the Year Award in 2016.
VA M & C o m p a n y P v t L t d +960 334 7055 service@vamco.com.mv w w w.va m g ro u p . m v
PRODUCTS & SERVICES: VAM & Company is one of the largest distributors of marine engines, generators, steering
systems,
compressors,
nitrox
systems,
lubricants, other marine equipment and accessories in the Maldives. Our product range includes numerous leading
premier
brands
from
around
the
world.
Through VAMCo’s Service Centre we offer repair and maintenance services to almost all types of vehicles, mechanical
and
electrical
goods
in
addition
to
offering efficient and timely aftersales services to goods sold by VAMCo. The key drivers of VAMCo’s success are its commitment to innovation, smart solutions and dedication to after sales services.
VB BROTHERS Managing Director
DR. MARIYAM SHIFA
Year Started
1979
Employment
119
Industry
TRADING
Ownership
PRIVATE HELD (100% LOCAL)
Today we have not only risen to the challenge set forth by our founders, but the company is currently recognized as one of the pioneers of trade at a national level, and has expanded
significantly
with
outlets
and
distribution
networks in strategic locations in & around the Maldives. Although we understand that every aspect of our business has changed & grown, we have managed to maintain our founder’s core vision to provide quality, globally renowned, and trusted everyday products to a highly dispersed community of people. PRODUCTS & SERVICES: Throughout our history we have strived to provide quality everyday product at fair value, which has enabled us to build a portfolio of globally VB Brothers Pvt Ltd +960 334 3840 marketing2@vbbrothers.com.mv w w w.v b b r o t h e r s . c o m . m v
renowned
and
well-established
brands.
The
first
international brand we acquired was Johnson & Johnson, one of the most trusted and recognized brands globally. This has continued to dictate all our future acquisitions, making our portfolio of products one of the most consistent and wide ranging in the local market. The most definitive evidence of this is the average age of the majority of our products, which span more than 100 years. Most of the product brands we carry are instantly recognizable, and evoke a sense of emotional attachment through prolonged use and familiarity. Our exclusive brands are Johnson & Johnson, Kellogg’s, L’Oréal, Garnier, Mars, Falak, Movenpick, Selva, Tropicana Slim, Tom Milk, Wrigley’s Mamypoko Pants, Selpak and Al Mudhish
VILL A SHIPPING AND TRADING COMPANY CEO/Managing Director
IBRAHIM SIYAD QASIM
Year Started
1986
Employment
4225
Industry
SHIPPING & TRADING
Ownership
100% LOCAL ( PRIVATE HELD)
Founded in 1986 by Qasim Ibrahim, Villa Group began as a local trading enterprise and quickly grew to become one of the largest and most diversified business groups in the Maldives. With a strong commitment to development, project management, and marketing, Villa Group has met with significant success through the implementation of self-reliance, experience and commitment. For more than twenty years, Villa Group has thrived as a leading business in the Maldives. Together we have created a collection of some of the nation’s finest and most competitive infrastructures including developing several five-star resorts, opening the first private college in the Maldives, and establishing the nation’s premiere V i l l a S h i p p i n g A n d Tr a d i n g Company Pvt Ltd +960 333 3333
trade and shipping enterprises.
info@villahotels.com
On 1st of October 2011, the Villa International Airport
w w w.v i l l a h o t e l s . c o m
Maamigili (VIAM) was opened for commercial operation. On the same day Villa Air under the brand name “Flyme” operated the first commercial flight adding another triumph to the Villa roster. VIAM is the first private airport in the Maldives and within few months of operation gained the status of a safe and efficient domestic transportation hub in the Tourism Zone of south Ari-Atoll as well as an aircraft maintenance and repair organization. PRODUCTS & SERVICES: We at Villa Group are committed to bringing the trade and tourism industries to new heights by understanding customer needs and delivering and
developing
expectations.
distinctive
services
that
exceed
all
VOYAGES MALDIVES Managing Director
SALAH SHIHAB
Year Started
1980
Employment
92
Industry
TRAVEL AND TOURISM
Ownership
100% LOCAL (PRIVATE HELD)
Established in 1980, Voyages Maldives is one of the leading Travel and Tour companies in the Maldives. With over 30 years of invaluable experience in the industry labeled as one of the largest companies of its kind, Voyages offer a wide range of exclusive services to travelers from all around the globe. At Voyages Maldives, trust, efficiency, delivery and satisfaction are not just mere assurances for our valued customers, but deeply embedded habits we have happily grown accustomed to. Voyages Maldives Head Office is in Male', the capital of Maldives and our Airport Office at the Velana International Airport ensures that all our operations runs smoothly and on time, especially our ground handling operations at the Voya g e s M a l d i ve s P v t Ltd +960 332 2019 nabaha@voyagesmaldives.com w w w.voya g e s m a l d i ve s . c o m
airport.
Our
interconnect
excellent the
Head
communication Office
staff
with
facilities airport
representatives so that all is smooth for our clients and business partners. PRODUCTS & SERVICES: Although specializing in ‘Dhoni’
Safari
programs,
which
include
Cruising,
Diving and Surfing Safaris amongst the different options offered, Voyages Maldives also provide Ground Handling services to Tour Operators, Supervision & Representation for airlines and travel solutions to/from anywhere in the world. Voyages Maldives also has a highly
qualified
and
esteemed
team
working
to
provide the best tour option here in the Maldives. We work very closely with all the resorts in the Maldives, making us the perfect choice for a holiday in these beautiful islands.
www.mtcc.com.mv
BUILDING CONSTRUCTION
ROAD CONSTRUCTION
QUAYWALL SHEET PILE
COASTAL PROTECTION
DREDGING
AUTHORISED DEALERSHIP
PUBLIC TRANSPORT
MALDIVES TRANSPORT AND CONTRACTING COMPANY PLC
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