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Resort Life Travel and Partners Plan to Invest USD 250 Million in the Maldives

CEO of Resort Life Travel - Mohamed Shaaz Waleed
Resort Life Travel plans to invest USD 250 Million in partnership with a Russian company.

Leading travel agent, Resort Life Travel has announced to invest USD 250 Million in a resort development project in partnership with a Russian company. Likewise, the company has also revealed plans for further investments in developing the travel and tourism sector of the Maldives.

According to the CEO of Resort Life Travel – Mohamed Shaaz Waleed, the company plans to invest USD 250 Million in partnership with a Russian company. Furthermore, Resort Life plans to submit the proposal for the project upon the opening of government offices. Resort Life Travel resumed operations last month, welcoming their first guests on 16th July to Olhuveli Resort & Spa, Maldives.

Waleed further stated that foreign partners have an interest in investing in the tourism and transport sectors of the Maldives. Likewise, he emphasized on the fact that the Maldives is in a crucial state for investments. An estimated 560 job opportunities will be created on the investment project, according to Waleed.

Resort life travel is a leading tour operator with offices based in Ukraine, India, and Russia. The company with over 12 years of experience in the Maldivian tourism industry boasts a portfolio of across all major hotel brands of the Maldives. Due to the COVID-19 pandemic, with multiple cancellations and date changed from guests, Resort Life Travel ensured their requests and partners were communicated with a positive attitude of the on-going situation when some online travel agencies were not able to help their guests.

The company was created with the intention of serving their global partners with all travel-related businesses in the Maldives. Catering as a partner to over 130 clients including; resorts, guesthouses, and liveaboards the company takes pride in the trust built with their partners to offer them top-notch services today. The company encircles around various associates to ensure they are always there for guests from the beginning of their stay in the Maldives until their departure and for guests’ next stay.

Feature image by Avas Online
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MIC Group Appoints Mohamed Nisham as Chief Financial Controller

Chief Financial Controller Mohamed Nisham Joins MIC Group

MIC Group announces the appointment of Mohamed Nisham as its new Chief Financial Controller, a strategic move aimed at enhancing the company’s financial operations. Nisham, a seasoned professional in financial management within the hospitality sector, brings significant expertise in areas such as financial strategy, automation, and improving operational processes. In his new role, he will oversee the financial operations across all business divisions, working to ensure both growth and financial stability for the company.

Ali Shakir, Group General Manager at MIC Group, expresses his enthusiasm about the appointment, commenting:

“At MIC Group, we uphold a strong commitment to operational excellence, and Nisham’s appointment further strengthens our dedication to financial discipline and innovation. His proven expertise in financial automation and strategic budgeting will play a crucial role in optimizing our financial performance and driving sustainable growth.”

Nisham holds an MBA in Accounting & Finance from the University of Suffolk and has built a remarkable career in financial leadership within the luxury hospitality industry in the Maldives. His experience includes expertise in financial planning, cost control, and regulatory compliance. Prior to this role, Nisham served as the Financial Controller at Oaga Art Resort, where he played a key role in enhancing the resort’s financial structure. Additionally, his previous positions at Amilla Maldives and Anantara Kihavah Villas further highlight his skill in managing finances at high-profile luxury properties.

Sharing his thoughts on his new role, Nisham remarks:

“I am thrilled to be part of MIC Group and contribute to its ongoing growth and financial excellence. My focus will be on optimizing financial strategies, enhancing operational efficiency, and ensuring long-term sustainability. I look forward to collaborating with the talented team to refine our operations and create exceptional value.”

Known for its world-class service in the hospitality and catering sectors, MIC Group operates the Maldives Inflight Kitchen and provides catering for a range of international airlines and private jets. Additionally, the group manages Hulhule Island Hotel, the only hotel located at Velana International Airport, and Madifushi Private Island Maldives in Meemu Atoll.

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