The bidding period for the management or purchase of Herethera Resort has been extended for the third time by Maldives Tourism Development Corporation (MTDC).
MTDC is still looking for a party to purchase or manage the resort after the last bidding period closed on Sunday (December 16). The latest bidding period will continue until January 21.
The company has not stated why the last bidding period ceased, but on previous instances they said that they had to cancel bids due to a lack of interest from potential investors.
ONYX, a company from Thailand, previously managed the resort until February this year.