Maldives
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Enabling growth, preserving paradise

Economy

Enabling growth, preserving paradise

By 2054, half of all Maldivians could be living in Malé, an immense challenge for the future of this young country.

“Investing in a blue economy will push the country forward”

Politics

“Investing in a blue economy will push the country forward”

Minister of Foreign Affairs

Abdulla Shahid

When an island needs to grow

Urbanism

When an island needs to grow

For a youth with growing housing, comforts, services and connection needs, Malé has become too small.

“We are creating a new state company focused on social housing development”

Urbanism

“We are creating a new state company focused on social housing development”

Aminath Athifa

Minister of Housing and Urban Development

“We provide 4G services to the entire population”

Telecom & IT

“We provide 4G services to the entire population”

Ismail Rasheed

CEO & Managing Director at Dhiraagu

“Nearly every one of the hundreds of inhabited islands depend on diesel for power”

Energy

“Nearly every one of the hundreds of inhabited islands depend on diesel for power”

Hussain Aman

General Manager and Director of Business Development of The Hawks

“SMEs are the backbone of our economy”

Economy

“SMEs are the backbone of our economy”

Fayyaz Ismail

Minister of Economic Development

“Reducing corruption is among our primary pledges”

Finance

“Reducing corruption is among our primary pledges”

Ibrahim Ameer

Minister of Finance

“There should be a system designed to give more advantages to native suppliers”

Economy

“There should be a system designed to give more advantages to native suppliers”

Ismail Noordeen

Managing Director of Euro Marketing PVT. Ltd.

“New government policies open doors for partnerships with overseas players”

Real Estate & Construction

“New government policies open doors for partnerships with overseas players”

Abdul Majeed

Managing Director of Bison Maldives

Overcoming a dispersed geography

Transport

Overcoming a dispersed geography

To tackle the country’s geographic challenges, the government is focusing on enabling mobility by improving connectivity.

“We will continue to focus on environmentally friendly transport solutions”

Transport

“We will continue to focus on environmentally friendly transport solutions”

Aishath Nahula

Ministry of Transport and Civil Aviation

“70% of all imports are cleared in the Malé port”

Transport

“70% of all imports are cleared in the Malé port”

Shahid Ali

CEO of Maldives Ports Limited

“There should be a single plane tariff for everyone”

Transport

“There should be a single plane tariff for everyone”

Abdulla Nashid

Managing Director at FLYME

“Domestic maritime transport is key for the development of this nation”

Urbanism

“Domestic maritime transport is key for the development of this nation”

Mohamed Aslam

Minister of National Planning and Infrastructure

The world’s most sustainable fisheries call for support

Fisheries

The world’s most sustainable fisheries call for support

The Maldivian traditional fishing industry faces serious economic challenges.

“Sustainable fishing comes at a premium for consumers”

Fisheries

“Sustainable fishing comes at a premium for consumers”

Ismail Fauzee

Managing Director of MIFCO

“We need a technology-driven next generation fishing fleet”

Fisheries

“We need a technology-driven next generation fishing fleet”

Zaha Waheed

Minister of Fisheries, Marine Resources and Agriculture

“The market needs a lot of government support”

Fisheries

“The market needs a lot of government support”

Ali Ihusaan

CEO of Happy Market Maldives

The doors of paradise open for all

Tourism

The doors of paradise open for all

With an explosion in the number of guesthouses across the country, Maldivian beaches are becoming ever more accessible to visitors.

“We drove the standard of luxury to another level”

Tourism

“We drove the standard of luxury to another level”

Mohamed Nazeer

Director at Sunland Hotels

“Crossroads Maldives is a game changer and will influence future developments for years to come”

Tourism

“Crossroads Maldives is a game changer and will influence future developments for years to come”

Martin Van Der Reijen

VP of Operations of Crossroads Maldives

“This is the best period for the tourism industry in the last 5 years”

Tourism

“This is the best period for the tourism industry in the last 5 years”

Akhmeem Abdul Razzaq

Managing Director of Orca Media Group

Making new ties with old friends

Politics

Making new ties with old friends

The Maldives turns the page on a cloudy recent past and pushes forward with measures to strengthen democracy and transparency, rekindling its ties...

“We need the people at the highest levels in the court system to be completely replaced”

Economy

“We need the people at the highest levels in the court system to be completely replaced”

Ahmed Murad

Senior Partner at Mazlan & Murad Law Associates

Preserving the delicate natural beauty of the Maldivian atolls

Environment

Preserving the delicate natural beauty of the Maldivian atolls

Plastic bottles, discarded fishing nets and fuel leaks have become a common sight in the Maldives.

“We are targeting 70% of clean power production by 2030”

Environment

“We are targeting 70% of clean power production by 2030”

Dr. Hussain Rasheed Hassan

Minister of Environment

“Sustainability laws are outdated and need to be revamped”

Environment

“Sustainability laws are outdated and need to be revamped”

Shaahina Ali

Chairperson at Parley for the Oceans, Maldives

“Today, access to education in the Maldives is free from kindergarten to university”

Education & Research

“Today, access to education in the Maldives is free from kindergarten to university”

Ibrahim Hassan

Minister of Higher Education

A new metropolis links up

Economy

A new metropolis links up

The union of six neighbouring islands surround the capital will form the Greater Malé Region, allowing for decongestion in Malé while improving economies...

Luxury resorts turn fantasy into reality amid sector swell

Tourism

Luxury resorts turn fantasy into reality amid sector swell

An underwater villa, sea-side ice rink and overwater salsa floor: Island-resorts are delivering on the wildest of dreams as tourist and resort numbers...

Making a splash for sustainability

Fisheries

Making a splash for sustainability

The world's last true pole-and-line fishing nation, the Maldives' brand of "naturally sustainable" fish is coming to the Middle East.

Tourism

“Coco Privé is one of two genuine private islands in the Maldives”

“Coco Privé is one of two genuine private islands in the Maldives”

Andrew Ashmore

Chief Commercial Officer of Coco Collection Hotels and Resorts

Telecom & IT

Dhiraagu connects every school with Wi-Fi

Dhiraagu connects every school with Wi-Fi

The Maldives’ top telecom, Dhiraagu is focused on the nation’s large youth segment, which is now being targeted with new services and a nationwide...

Fisheries

Fisheries reel in big catch from Gulf funds

Fisheries reel in big catch from Gulf funds

A portion of a $160m loan from the UAE and Saudi Arabia will fund two new processing factories, as well as ice machines for fishing vessels.

Energy

“The first country in South Asia to achieve 100% electricity access”

“The first country in South Asia to achieve 100% electricity access”

Mohamed Lamaan

Acting Managing Director of FENAKA Corporation

Logistics

“Immense potential” in warehouse solutions, says top logistics firm

“Immense potential” in warehouse solutions, says top logistics firm

Warehousing solutions are in high demand due to an intrinsically challenging geography, says top logistics firm Centurion Group, the first Maldivian...

Industry

Greater Malé Industrial Zone spawns new construction and logistics backbone

Greater Malé Industrial Zone spawns new construction and logistics backbone

Consisting of the two islands of Gulhifalhu and Thilafushi, the Greater Malé Industrial Zone will be the site of the country’s largest industrial...

Economy

“There are about 23 new resorts coming up, adding 4,000 beds in total”

“There are about 23 new resorts coming up, adding 4,000 beds in total”

Abdulla Jihad

Vice President of the Republic of the Maldives

Finance

“We’ve had a 110% growth in clients for Shariah-complaint mortgages over the past year”

“We’ve had a 110% growth in clients for Shariah-complaint mortgages over the past year”

Raheema Saleem

Managing Director of the Housing Development Finance Corporation (HDFC)

Tourism

“The Maldives has become a competition among tourism investors around the globe”

“The Maldives has become a competition among tourism investors around the globe”

Mohamed Haris

Acting Managing Director of the Maldives Marketing and Public Relations Corporation (MMPRC)

Tourism

“The Conrad Hilton is the first resort in the Maldives to have an undersea villa”

“The Conrad Hilton is the first resort in the Maldives to have an undersea villa”

Stefano Ruzza

General Manager of the Conrad Maldives Rangali Island

Aviation

“The airport upgrade is the largest investment project that has ever been undertaken in the Maldives”

“The airport upgrade is the largest investment project that has ever been undertaken in the Maldives”

Adil Moosa

Managing Director of the Maldives Airport Company Limited (MACL)

Tourism

“
In luxury tourism, respect for the environment is essential”

“
In luxury tourism, respect for the environment is essential”

Jan Tibaldi

General Manager of One&Only Reethi Rah

Industry

“GMIZL will support the development of the new port at Thilafushi”

“GMIZL will support the development of the new port at Thilafushi”

Ahmed Nasif

Managing Director of the Greater Malé Industrial Zone Ltd.

Real Estate & Construction

“By 2019, we’ll be able to move 10,000 families out of Malé”

“By 2019, we’ll be able to move 10,000 families out of Malé”

Mohamed Muizzu

Minister of Housing and Infrastructure

Finance

“In 2017, we had the lowest fiscal deficit in 10 years, at 2% of GDP”

“In 2017, we had the lowest fiscal deficit in 10 years, at 2% of GDP”

Ahmed Munawar

Minister of Finance and Treasury of the Maldives

Finance

“We crossed over $1b in market capitalization this year”

“We crossed over $1b in market capitalization this year”

Aushan Latheef

CEO of Maldives Stock Exchange

Agriculture & Fisheries

“The Maldives is the only MSC-certified country that’s exclusively pole and line”

“The Maldives is the only MSC-certified country that’s exclusively pole and line”

Adley Ismail

CEO of Maldives Industrial Fisheries Co. Ltd (MIFCO)

Energy

“We hope to have 30% of daily energy demand met by renewables”

“We hope to have 30% of daily energy demand met by renewables”

Thoriq Ibrahim

Minister of Environment and Energy

Economy

Building the dream

Building the dream

The Maldives is being reimagined, with smart cities and industrial hubs literally rising from the sand and sea.

Economy

Women ride rising tide of gender equity

Women ride rising tide of gender equity

More female leaders are in positions of power than ever before, challenging traditional views of the role of women in the Muslim Indian Ocean nation....

Economy

“The government has reserved a one-third quota for women serving on boards”

“The government has reserved a one-third quota for women serving on boards”

Aishath Rafiyya

Deputy Leader of Maldives Development Alliance

Economy

GCC “engaged” in Maldivian development

GCC “engaged” in Maldivian development

Abdullah Hamed

Ambassador to the Kingdom of Saudi Arabia, the UAE and Kuwait

Tourism

“Over 40 years of sustained tourism growth”

“Over 40 years of sustained tourism growth”

Haris Mohamed

Acting Managing Director, Maldives Marketing and Public Relations Corporation (MMPRC)

Finance

“Creating an Islamic finance capital”

“Creating an Islamic finance capital”

Abdulla Jihad

Vice President and Former Minister of Finance and Treasury

Tourism

A business doing leisure

A business doing leisure

The private and public sectors are marketing the natural beauty and traditional hospitality of the Maldives to travellers from around the world.

Diplomacy

“An ambitious transformative course”

“An ambitious transformative course”

Message from the President of the Republic of Maldives, Abdulla Yameen Abdul Gayoom

Tourism

Sailing towards a 7.5 million tourism horizon

Sailing towards a 7.5 million tourism horizon

Expansion of the Ibrahim Nasir International Airport is "top priority," a project necessary to boost arrivals by 6 million in two years.

Aviation

Major upgrades gear airport for new heights

Major upgrades gear airport for new heights

Gulf investors solidify their legacy by modernizing the maldives' international airport.

Telecom & IT

A thriving Gulf-Maldivian joint venture

A thriving Gulf-Maldivian joint venture

Ismail Rasheed

CEO and MD of Dhiraagu

Tourism

A history of hospitality

A history of hospitality

Ahmed Siyam Mohamed

Chairman of Sun Siyam

Transport

“MRDC has been awarded public projects worth $13 million”

“MRDC has been awarded public  projects worth  $13 million”

Ibrahim Abdul Razzaq Haleem

Managing Director of Maldives Road Development Corporation

“Privatization with purpose”

Finance

“Privatization with purpose”

Ahmed Siraj

Secretary General of Privatization and Corporation Board

“Inherent demand” propels Islamic finance

Finance

“Inherent demand” propels Islamic finance

With a 100-percent Muslim population, the Maldives is seen as a natural location to develop Islamic finance.

The social dimension of the Maldivian sea

Agriculture & Fisheries

The social dimension of the Maldivian sea

The Maldives emphasises social sustainability within its sea policy.

“More than a smart city, Hulhumalé will be  the best place to live  in the Maldives”

Real Estate & Construction

“More than a smart city, Hulhumalé will be the best place to live in the Maldives”

Mohamed Saiman

Managing Director of Housing Development Corporation (HDC)

Sea of opportunity

Agriculture & Fisheries

Sea of opportunity

Policymakers take steps to promote the artisanal and halal-certified fish produce of the Maldives to the gulf region and beyond.

“Our fisheries are small but premium”

Agriculture & Fisheries

“Our fisheries are small but premium”

Dr. Mohamed Shainee

Minister of Fisheries and Agriculture

STELCO eyes floating solar station

Energy

STELCO eyes floating solar station

Abdul Shakoor

Managing Director of State Electric Company (STELCO)

“Maldivian companies conduct 95% of the country’s construction”

Real Estate & Construction

“Maldivian companies conduct 95% of the country’s construction”

Mohamed Ali Janah

Chairman of Hotels and Resort Construction (HRC) and President of the Maldives Association of the Construction Industry

Young republic comes of age

Economy

Young republic comes of age

The Maldives Celebrates 50 years of independence, and achieves remarkable economic development

Chinese dominated tourism sector evolves to offer more choice

Tourism

Chinese dominated tourism sector evolves to offer more choice

New island multi-ownership regulation enables diverse scales of investment

“Maldives-China relationship continues to grow stronger”

Diplomacy

“Maldives-China relationship continues to grow stronger”

DUNYA MAUMOON

Minister of Foreign Affairs

Old friends, new ties

Diplomacy

Old friends, new ties

As they renew their historic friendship, the Maldives and China are cooperating on a host of projects, paving the way for large investments

Transformative mega projects fuel Maldives’ future

Tourism

Transformative mega projects fuel Maldives’ future

Five flagship projects serve as pillars for economic transformation

Chinese firms contribute to the international airport expansion

Transport

Chinese firms contribute to the international airport expansion

International airport grows and adapts to increased tourism arrivals

Long-term partnerships key to unlocking transformative ‘Youth City’

Economy

Long-term partnerships key to unlocking transformative ‘Youth City’

A $5 billion investment package that aims to create jobs as youth unemployment rises

“This government is opening its doors to welcome FDI.”

Economy

“This government is opening its doors to welcome FDI.”

MOHAMED SAEED

Minister of Economic Development

“Free visa policy makes it easy to travel”

Diplomacy

“Free visa policy makes it easy to travel”

MOHAMED FAISAL

Ambassador of Maldives to China

“Maldives now has a truly competitive business environment”

Economy

“Maldives now has a truly competitive business environment”

Ahmed Shaheer

Managing Director of State Trading Organization (STO)

Step inside one of the world’s most lavish and exclusive resorts

Tourism

Step inside one of the world’s most lavish and exclusive resorts

Hoteliers at LVMH have built a resort that is redefining what an exclusive, high-end holiday experience in the Maldives means

“Our main challenge is meeting a rising demand.”

Energy

“Our main challenge is meeting a rising demand.”

Abdul Shakoor

Managing Director of Stelco

“We like to focus on steady and long-term developments.”

Tourism

“We like to focus on steady and long-term developments.”

Ahmed Shabeer

Chairman of Sunland Hotels

“Maldivians are eager to embrace new technologies.”

Telecom & IT

“Maldivians are eager to embrace new technologies.”

Ismail Waheed

Managing Director of Dhiraagu

“I began operations with only $900 back in 1990.”

Tourism

“I began operations with only $900 back in 1990.”

Ahmed Siyam Mohamed

Chairman of Sun Siyam

Luxury, Maldivian Style

Tourism

Luxury, Maldivian Style

THE SUN SIYAM IRU FUSHI

Tourism in the Maldives offers a diverse portfolio of investment

Tourism

Tourism in the Maldives offers a diverse portfolio of investment

A premier capital management firm takes key capital stakes in the Maldives tourism industry

Discover the Maldives on a budget

Tourism

Discover the Maldives on a budget

Affordable tourism is set to increase arrivals after 'guesthouse' policy opens new islands

Marvel at the Maldives’ natural charms

Tourism

Marvel at the Maldives’ natural charms

COCOA ISLAND BY COMO

Understated island chic

Tourism

Understated island chic

COCO BODU HITHI