The Maldives is set to export its first batch of commercially cultivated seaweed, a milestone moment in the country’s drive to diversify its economy and advance its long-term Blue Economy strategy.
The initiative represents a key policy shift under President Dr Mohamed Muizzu, whose administration has placed strong emphasis on sustainable use of marine resources and the creation of new ocean-based industries.
The project was spearheaded by Floating Acres, a private company that began commercial-scale seaweed farming on 20 April in Fehendhoo, Baa Atoll. The firm has now prepared its first export-ready stock, signalling the start of a new chapter for the Maldives’ mariculture industry.
Minister of Fisheries and Ocean Resources Ahmed Shiyam hailed the development as a landmark success, calling it a tangible step toward realising the government’s economic vision.
“This remarkable achievement marks an important milestone in realising the vision of President Dr Mohamed Muizzu to diversify our blue economy and promote sustainable marine industries,” Minister Shiyam said in a post on X, adding that the ministry hopes to see continued progress in generating sustainable ocean-based revenue.
The launch of the export operation follows a series of regulatory reforms introduced under the Muizzu administration, which lifted longstanding restrictions on mariculture and provided a framework for commercial-scale activity.
Before these policy changes, Floating Acres had spent several years conducting research and seeking approval to commence production. While previous studies confirmed the viability of seaweed farming in Maldivian waters, no prior government had granted commercial authorisation. The current administration’s pro-mariculture stance enabled the project to move forward.
The Maldives’ entry into the seaweed market comes as the global industry experiences rapid growth. Valued at USD 17.14 billion in 2023, the international seaweed sector is projected to double by 2032. The market remains dominated by Asian producers, with China, Indonesia, South Korea, and the Philippines accounting for nearly 98 percent of global supply.
For a country that is 99 percent ocean, the expansion of mariculture carries major economic and social implications. Officials and industry observers say that commercial seaweed farming could create new employment opportunities, boost export revenue, and drive innovation in fisheries and marine industries—all while supporting the government’s sustainability goals.
