The Maldives government has announced a new policy establishing a minimum investment threshold of $100 million for projects within the country’s Special Economic Zones (SEZs). The policy, gazetted on Sunday by President Dr. Mohamed Muizzu, aims to attract large-scale, impactful investments that align with the nation’s economic growth strategy.
The Presidential Decree outlines two key categories of SEZ investments: general economic activities requiring at least $100 million and sustainable township development projects with a minimum investment of $500 million.
Priority Sectors for SEZ Investments
The government has identified nine priority sectors eligible for SEZ investments:
- Export-Oriented Manufacturing: Focused on boosting the Maldives’ export capacity and enhancing its competitive edge in global markets.
- Logistics and Transportation: Investments in transshipment ports, international logistics services, airports, bulk breaking, bunkering, and docking facilities to strengthen the country’s role as a regional trade hub.
- Healthcare and Education: Development of world-class universities, tertiary hospitals, specialty healthcare centers, and research facilities to improve healthcare and education infrastructure.
- Information and Communication Technology (ICT): Establishing ICT parks and related facilities to position the Maldives as a leader in the digital economy.
- International Financial Services and Trade: Promotion of financial service hubs and international trade centers to attract global business operations.
- Renewable Energy: Investments in renewable energy projects to support the Maldives’ transition to sustainable energy sources.
- Technology Innovation: Encouraging the introduction of cutting-edge technologies currently unavailable in the Maldives to drive innovation.
- Food Security: Projects aimed at securing a stable, self-sufficient food supply to mitigate the impact of global supply chain disruptions.
- Gas Exploration: Exploration activities to bolster energy security and enhance the country’s resource base.
Sustainable Township Development Projects
For township development projects, the policy mandates a minimum investment of $500 million, specifically allocated to sustainability-focused components. These developments are expected to incorporate environmentally friendly infrastructure, modern urban designs, and initiatives aimed at improving community well-being and living standards.
Economic Vision for the Future
The SEZ policy is part of President Muizzu’s broader economic agenda to foster sustainable growth, attract foreign investment, and create employment opportunities. The government aims to position the Maldives as a hub for international trade, innovation, and green development.
By setting clear investment criteria, the policy seeks to provide a transparent framework for local and international investors while ensuring that SEZ projects contribute to the long-term resilience and prosperity of the Maldivian economy.
