A joint venture company is a business entity formed by two or more parties who share ownership and control over the enterprise. Joint ventures can take many forms, including partnerships, limited liability companies, or corporations.
In the Maldives economy, joint venture companies are commonly formed between foreign and domestic companies to leverage each other's strengths and resources in order to achieve common business goals. Some examples of joint venture companies in the Maldives include:
Island Aviation Services: This joint venture was formed between the Maldives government and SriLankan Airlines to operate the national airline of the Maldives, Maldivian.
Dhiraagu: This joint venture was formed between the government of Maldives and Cable & Wireless Communications to provide telecommunications services in the Maldives.
Maldives Gas: This joint venture was formed between two Maldivian companies, State Trading Organization and Fenaka Corporation, to provide liquefied petroleum gas (LPG) to households and businesses in the Maldives.