MTDC’s MD Niyaz dismissed

Ahmed Niyaz has been dismissed from the role of managing director and board member of Maldives Tourism Development Corporation (MTDC).

Privatization and Corporatization Board (PCB) confirmed Niyaz was dismissed on Thursday, but provided no explanation for the decision.

މޯލްޑިވްސް ޓޫރިޒަމް ޑިވެލޮޕްމަންޓް ކޯޕަރޭޝަން ޕަބްލިކް ލިމިޓެޑްގެ މެނޭޖިންގ ޑިރެކްޓަރުކަމުގެ މަޤާމުންނާއި، ޑިރެކްޓަރުންގެ ބޯޑުގެ މެންބަރުކަމުގެ މަޤާމުން ސ. މީދޫ، ހަސަންކާރިގެ، އަޙުމަދު ނިޔާޛު، 23 ޖުލައި 2026 އިން ފެށިގެން ވަނީ ވަކިކޮށްފައި.

— Privatization & Corporatization Board (@pcb_gov) July 23, 2026

Niyaz, who holds a Master's Degree in Business Administration from the Cardiff Metropolitan University in the UK, had been a pivotal figure since the inception of MTDC back in 2007.

He was appointed as the managing director of MTDC in November 2023, prior to which he served as the corporation’s deputy managing director, board director, and operations and development manager.

Niyaz also served as chairperson of several other state-owned enterprises, including Maldives Transport and Contracting Company (MTCC) and State Trading Organization (STO).