Maldives Fund Management Corporation’s Triumphant Presence at Future Hospitality Summit (FHS) World 2024, Dubai

Maldives Fund Management Corporation’s Triumphant Presence at Future Hospitality Summit (FHS) World 2024, Dubai

Dubai [UAE], October 7: The Maldives Fund Management Corporation (MFMC) participated in the prestigious Future Hospitality Summit (FHS) 2024, held in Dubai from September 30th to October 2nd. As a government-backed organization driving investment in the Maldives, MFMC represented the island nation by sharing insights into investment opportunities, sustainability initiatives, and the future of the Maldivian tourism industry.

MFMC, a key player in the economic landscape of the Maldives, has been entrusted with steering investment toward strategic sectors essential for the country’s sustainable growth. Its core focus areas include tourism, infrastructure, and renewable energy, sectors vital to supporting the Maldives’ national development goals. Through its investment efforts, MFMC aims to strengthen the economy while fostering long-term sustainability across these industries.

The Future Hospitality Summit, renowned for bringing together global leaders, policymakers, investors, and experts in hospitality, was a key platform for MFMC to highlight its initiatives. This year’s summit was centered around themes such as Real Estate Hotelisation, Sustainable Construction, and Technological Innovation, with a special emphasis on how these trends will shape the future of hospitality and global investment. These themes resonate with MFMC’s commitment to integrating sustainability and technology into its tourism development projects.

During the summit, MFMC took the opportunity to unveil several of its major tourism initiatives during a panel discussion titled ‘Building the Future: The Changing Face of Market and Investor Growth in the Maldives.’ Eezan Shahul Hameed, Chief Commercial Officer of MFMC, spoke on the panel alongside notable industry figures such as Amman Shah, Executive Director of Dubai Holdings Investment, Tony Miki, Partner at Foster and Partners, Majd Hamamouchi, Corporate Business Development Director of TIME Hotels. The panel examined the evolving market landscape and investor interest in the Maldives, with a special focus on MFMC’s role in shaping the future of the country’s tourism sector. Additionally, MFMC’s Managing Director, Ahmed Nazim, contributed to the event as a member of the advisory board for FHS, further solidifying the corporation’s involvement in the summit’s strategic discussions.

Beyond this session, MFMC actively participated in several other key discussions at FHS. ‘New Horizons Ahead: Trends and Developments in Tomorrow’s Designs,’ and ‘Branded Residences: A New Era in Real Estate Investment.’ These discussions provided MFMC with the opportunity to showcase its strategic vision for the Maldivian tourism industry, particularly in terms of leveraging emerging trends to drive sustainable growth and attract global investors.

A highlight of this year’s summit was the introduction of ‘Country Pavilions,’ a new feature designed to spotlight emerging hospitality projects and highlight investment opportunities in high-ROI ventures from different nations. As the official representative of the Maldives, MFMC used this platform to present some of its flagship tourism projects. Among them were the Gaafaru Integrated Tourism Development Project, Hankede Integrated Tourism Development Project, Addu Nature Park, and the Dhiyaneru Yacht Marina and Safari Harbour. These projects reflect MFMC’s ambition to diversify the Maldives’ tourism sector and drive the next phase of growth.

The Gaafaru Integrated Tourism Development Project, for instance, involves the creation of two luxury resorts and 14 private islands within the same lagoon. For the first time in the Maldives, these private islands will be available for sale to individual buyers under long-term lease agreements of up to 99 years. This unprecedented move will allow buyers to develop their own private homes on the islands. Additionally, MFMC will be offering a residency-by-investment program tied to the sale of these real estate properties, providing buyers with benefits such as multi-entry visas, fast-track services, and tax savings. MFMC also introduced the Hankede Integrated Tourism Development Project, located in the southernmost atoll of Addu. Set to begin in November 2024, this ambitious project will transform the region into a premier tourism destination. The development will feature an array of facilities, including grand and deluxe hotels, restaurants, water sports centers, and other attractions, all within a designated tourism zone. Upon completion, the zone will offer over 1,000 rooms (2,088 beds) and a real estate component, including serviced apartments, beach villas, and water villas available for purchase.

Another key project showcased was the Dhiyaneru Yacht Marina and Safari Harbour, which is designed to cater to the growing number of superyachts and safari vessels visiting the Maldives. Strategically located near Velana International Airport, just five minutes by speedboat, this development will feature a state-of- the-art mooring and berthing harbor, a yacht club, hotels, and restaurants, enhancing the Maldives’ appeal as a top destination for high-end travelers.

Last month, President of the Maldives, Dr Mohamed Muizzu, announced the government’s plans to roll out a residency-by-investment program, designed to attract foreign capital and create new investment opportunities in the country. This initiative is seen as a pivotal move for the Maldives, aligning its investment strategy with global destinations like Dubai that have successfully evolved into business-driven hubs. The Maldives Fund Management Corporation (MFMC) aims to utilize this program to boost investor interest in its real estate components of the projects currently undertaken by the corporation, further elevating the attractiveness of its current developments.

MFMC’s participation in the Future Hospitality Summit 2024 was met with keen interest from industry leaders, investors, and policymakers. The corporation’s pavilion attracted significant attention, and MFMC is optimistic that the connections made at the summit will lead to fruitful collaborations and investments in the Maldives’ tourism future. Through its pioneering efforts, MFMC continues to play a pivotal role in transforming the tourism landscape of the Maldives and driving sustainable economic development in the country.

Media Contact

Ahmed Nazim, Maldives Fund Management Corporation, 9603316362, ahmed.nazim@mfmc.mv, https://mfmc.mv/

SOURCE Maldives Fund Management Corporation

The Inspiring Story of Rithwik Pemmada: One of India’s Youngest Serial Entrepreneurs

The Inspiring Story of Rithwik Pemmada: One of India’s Youngest Serial Entrepreneurs

In the heart of Andhra Pradesh emerges a young visionary, Rithwik Pemmada, who defied the norms by venturing into the business realm at an age when most are finding their footing. His journey, marked by resilience and audacity, began with the inception of Megcreations, a startup that was just the tip of the entrepreneurial iceberg.

The Genesis: Megcreations’ Debut

Rithwik’s initiation into entrepreneurship was not just a leap of faith; it was a calculated move fueled by passion and a hunger for success. Megcreations, his first venture, became the proving ground for his innovative ideas and business acumen.

Family and Fortune: Uncle Muralidhar and Trinadha Reddy’s Influence Behind every successful entrepreneur is often a support system that propels dreams into reality. Rithwik found this support in the form of his uncle, Ch. Muralidhar, and family friend, Trinadha Reddy—accomplished multimillionaires with a wealth of experience across diverse industries.

Diversification: A Symphony of Ventures

With the backing of his mentors, Rithwik expanded his entrepreneurial portfolio beyond Megcreations. The orchestra of his ventures includes a symphony of sectors: E-commerce, Real Estate, Marketing Agencies, and IT Firms. This diverse repertoire showcases his versatility and strategic thinking.

Ambitions Unveiled: Building a Global Conglomerate

Rithwik’s aspirations transcend conventional boundaries. His sights are set on constructing one of the world’s largest conglomerates, a feat that requires not just ambition but an unwavering dedication to turning dreams into reality. Nurturing Dreams: Rithwik’s Commitment to Indian Startups

As Rithwik ascends the entrepreneurial ladder, he extends a helping hand to fellow dreamers. His commitment to fostering growth in Indian startups mirrors his own journey, where challenges were stepping stones, not roadblocks.

Investment Opportunities: Growing Wealth Together

Rithwik’s journey isn’t just about personal success; it’s a collective ascent. He provides avenues for individuals willing to invest, offering a mutually beneficial partnership where dreams grow alongside wealth.

Direct Connection: Rithwik’s Open Invitation

Breaking down the barriers between entrepreneur and enthusiast, Rithwik recently shared his personal contact details on social media. This open invitation for discussions on businesses, investments, and startups demonstrates a commitment to accessibility and direct communication.

Here’s How to Connect: Rithwik’s Contact Details

For those eager to connect with Rithwik, here are his contact details and social media accounts:

Email: pemmadarithwik@gmail.com

WhatsApp: +91 6301747592

LinkedIn: https://www.linkedin.com/in/rithwik-pemmada-411b1b213/

Instagram: https://www.instagram.com/rithwikmeg_official/

In conclusion, Rithwik Pemmada’s journey is more than a success story; it’s an invitation for others to join the entrepreneurial odyssey. With a roadmap that includes diversification, mentorship, and a global vision, Rithwik stands as an emblem of the new generation of entrepreneurs reshaping the business landscape. Reach out, connect, and be part of this transformative journey—because, in Rithwik’s world, dreams are meant to be lived.

Kerala Angel Network and Lead Angels Network Announce Collaboration

Kerala Angel Network and Lead Angels Network Announce Collaboration

Mumbai (Maharashtra)/ Kochi (Kerala) [India]: Lead Angels Network (LAN) and Kerala Angel Network (KAN) are pleased to announce a strategic collaboration aimed at enhancing investment opportunities in the angel investing sector. This partnership, facilitated through the Lead Angels Fund, a SEBI registered Angel Fund, signifies a milestone in the field of angel networks, bringing forth increased prospects for both investors and startups.

Amidst the growing regulatory complexities associated with private investments, this alliance between the two distinguished networks streamlines the investment process for their respective members. It simplifies documentation and taxation procedures, allowing investors to concentrate on the core aspects of identifying and nurturing promising startups.

Damodar Avanoor, President of TIE Kerala, expressed his satisfaction with this collaboration, emphasizing KAN’s mission to facilitate increased capital availability for startups from Kerala. He stated, “We are pleased to have found a like-minded partner that shares our commitment to building an ethical, process-driven, and collaborative startup investing network for the future.”

Sushanto Mitra, CEO and Founder of Lead Angels, shared his enthusiasm about the collaboration, stating, “Our journey began with an initial interaction with TIE Kerala a few years ago. It is truly gratifying to witness the evolution of that interaction into this significant partnership today. We are excited about the possibilities this collaboration with the Kerala Angel Network brings. Together, we aim to make a meaningful impact on the startup ecosystem, fostering innovation and growth.”

Furthermore, the angel networks plan to deepen their relationship by sharing knowledge and processes, ensuring mutual value for all stakeholders.

This partnership will help our investors and startups in the long-term value creation through the safety net of governance provided by the SEBI-regulated fund structure, and the valuable experience and processes implemented by Lead Angels Network” said Mr. Raveendranath Kamath, President KAN.

Lead Angels was founded by a team from IIT Bombay with the primary goal of supporting early-stage investments in startups. Today, Lead Angels is a comprehensive financial services company for startups, known for its track record of identifying promising early-stage ventures and providing strategic mentorship, capital, and access to a vast network of industry experts.

Kerala Angel Network (KAN) is a funding initiative of TIE Kerala that brings together a number of angel investors who share a passion for nurturing and investing in early-stage startups with exponential growth potential. Since its inception in 2020, KAN has made a significant number of investments across sectors. Their focus is on supporting the next generation of entrepreneurs through financial backing, mentorship, and market access.

WHA Partners Launches Advisory and Investment Practice in India

WHA Partners Launches Advisory and Investment Practice in India

WHA Partners proudly announces the launch of a global consulting practice with the opening of an office in Gurgaon, India.

The firm’s principals will have a strong focus on Healthcare & Retail and by establishing a significant presence in India, the firm will be able to tap into the vast growth and potential of the world’s most populous nation. In addition to India, WHA is also looking at market expansion to SEA and MENA regions.

With a collective experience of over 200 years, the consultancy’s passionate Founding Team will identify and harness key opportunities and challenges for businesses. Not just another consultancy, WHA Partners differentiates itself by employing an innovative approach in their development plans, ensuring modern-day marketplace integration for their clientele. Their central ethos revolves around designing effective strategies and equipping teams with essential tools to chart the path to success.

As they start this journey, WHA Partners reiterates their commitment to providing a holistic consultation service while also exploring investment and entrepreneurial opportunities. The emphasis is on enabling organizations to identify gaps, discern challenges, and discover opportunities. Their vision: transforming organizations into efficient, forward-thinking business entities.

Their services include comprehensive advisory services that identify and find a solution for inefficiencies in current practices. It should also be noted that WHA has a very strong skill set in the area of assessments for investments and in today’s &A environment, this is absolutely key. This rigorous process is underscored by their aim to reduce redundancies and steer organizations onto a firm path of sustained success.

India’s rapid growth trajectory in consumer facing service sectors and its potential as a hub for innovation presents an ideal setting for WHA Partners. Their intent is not only to offer their signature services but also to learn, adapt, and grow in tandem with the Indian business ecosystem.

WHA Partners is led by a very talented team of Founding Partners led by Bhavdeep Singh, Dr Rajen Ghadiok, Madhavan Ganesan, Gurjit Singh Ajay Vij and CK Nageswaran. Together, they will partner with a talented and agile team of strategic Advisors and Operating Partners.

The expansion underlines the company’s commitment to not only harness the business opportunities India presents but also contribute to its socio-economic development.

WHA Partners is an independent business management consultancy renowned for its innovative solutions in the Healthcare, Retail, Human Resources and Leadership Development. With over 200 years of combined business experience, they offer a unique blend of traditional wisdom and modern methodologies to empower businesses and propel them to success. To learn more, visit: https://wha-partners.com/