With 53 new ocean villas, Siyam says Sun Siyam’s success is driven by credibility and international financing

Sun Siyam Group has become one of the Maldives’ largest and most advanced tourism companies, and its success is rooted in the trust placed in it by international financial institutions and investors, says the group’s founder and Meedhoo MP Ahmed Siyam Mohamed.

Siyam made the remarks after inaugurating 53 brand-new ocean villas at Sun Siyam Vilu Reef on Monday.

Speaking in an exclusive interview with Sun, Siyam said today marks the moment Sun Siyam Group “secured the number‑one position in the tourism sector.”

He said his 25 years of experience in resort development, combined with eight years running a travel agency before entering resort ownership, laid the foundation for the company’s growth. During his time in the travel‑agency business, he noted, his agency was the largest in the country by bed capacity.

According to Siyam, the company’s success is built on honesty, consistency and credibility. He said international banks and financial institutions have now invested nearly USD 1 billion in Sun Siyam Group.

“In the past, we had to go to banks and request loans. Today, because of our reputation, banks come to us and say they have funds available and invite us to invest,” he said.

Siyam added that lenders evaluate not only the project but also the track record and integrity of the person behind it.

Highlighting shifts in global tourism trends, Siyam said today’s travellers expect fast, seamless and convenient services. He said Siyam World is currently the easiest resort to sell in Asia, with Sun Siyam Olhuveli ranking second, a reference to the strong demand and high booking performance of the two properties.

Siyam also emphasised that the company’s greatest strength is its employees, noting that Sun Siyam Group’s senior management is led by capable Maldivians, namely Deputy Managing Director Zulaikha Manik, COO Aisha Faiz, and other long‑serving executives.

He expressed gratitude to all employees for their contribution to the company’s achievements.