The year 2008 appears to be the most promising for Travco Group. Achieving more than 28 years of steady growth in the hospitality industry all over Egypt and the Middle East, as well as the constant increase in market share, has made it necessary for Travco to expand outside its natural regions.

In this renewed scenario, the Maldives was placed on the top-five priority list due to the extraordinary track record of this destination, and the ongoing increase in demand; not only from Europe, but from all over the world, with new markets such as the Indian and the Chinese increasing their presence in the destination year by year. Investing in the Maldives means investing in a tropical destination whose growth trend makes an investment interesting.

Accordingly, Travco decided to venture into the development of a tourist resort on Vakkaru Island (Baa Atoll). Despite very aggressive and strong competition, Travco succeeded to submit the highest bid for the Vakkaru Island offering the total amount of over US$60 for first 10 years island lease based on a 200 beds resort development. Consequently on Sunday 17th February 2008 Travco has been awarded by the
Ministry of Tourism and Civil Aviation for the 25 years lease for development as a tourist resort of the Vakkaru Island.
Travco outbid 11 bidders from all over the world who applied for the Vakkaru Island, which is considered one of the best “green islands” offered to the market for tourist investments in the last years due to its many characteristics, such as that its only a 30 flight from the capital city Male’, it’s 770 meters in length and 250 in width, which is ideal for a 5 star resort with a 100 rooms, it has a shallow lagoon suitable for water bungalows, and it has a rich house reef and wonderful snorkeling sites.

The Maldives is located in the Indian Ocean, about 500 km from the southern tips of both Sri Lanka and India. It is the ideal exotic tropical island paradise which comprises about 1190 islands grouped into atolls protected by surrounding coral reefs. Coconut palms and various tropical plants grow in abundance on most islands.

The Maldives has increasingly become extremely accessible from all over the world, especially by air. Scheduled and charter flights operate on a regular basis from points of origin in Europe, the Middle East and Asia. Visitors are issued a thirty-day tourist visa on arrival. Apart from normal Customs and Port Health formalities, nothing stands in the way of the inbound guest and tropical holiday.