MTDC sells Herathera Island Resort to Singapore’s Canaries Pvt Ltd

MTDC – Maldives Tourism Development Corporation (MTDC) has agreed to sell Herathera Island Resort to Singapore’s Canaries Pvt Ltd. The agreement to transfer was signed on 31st March for USD 33 million.

Herathera was opened in 2007 as the first resort developed by MTDC.

Herathera is situated in the southern-most tip of Maldives and is 10 minutes by speed boat from the Gan International Airport in Addu Atoll.  The resort houses 544 beds which are spread over the length of 4km. It offers four restaurants and other facilities include water sports center, dive center, spa and number of recreational activities.

Addu Atoll offers an exclusive tourism product with its location right in the middle of the equator, unique settings, distinguished culture, history, vegetation and lots more to explore.  The opening of the international airport in Gan opened gateway to this region.  With the development of more resorts, there are now reliable connections betwen the capital Male’, via Maldivian, Mega Maldives and Flyme.  Gan is about a 70 minute flight from Ibrahim Nasir International Airport, the main airport in Male’.

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