AGRIBUSINESS

Share of GDP
1.6%
Value of Agri Produce Imported
221.8mn $

With the solid interest for quality rural produce in the thriving the travel industry,area, agribusiness has extraordinary potential for development in the Maldives. Pilot projects led by the Public authority have shown the way that financial backers can get what they really ask for in key agribusinesses..

SCALING UP PRODUCTION OF ORGANIC PRODUCE

The customers of upscale extravagance resorts not just consume enormous amounts of horticultural produce consistently - they are knowing as to quality. This request can be met by direct significant interests in the designated creation of tropical products of the soil. financial backers can get what they really ask for in key agribusinesses.

COMMERCIAL EGG PRODUCTION

Maldives imports over US$ 10mn worth of eggs in a year and a vacationer resorts with 300 beds needs essentially a 1000 eggs every day. Interests in business scale egg creation as well as auxiliary administrations, for example, feed factories can possibly yield impressive advantages for financial backers really ask for in key agribusinesses.

INCENTIVES

  • Chance to get long rents for as long as 35 years on state- possessed islands to set up and work agribusiness in the Maldives. Pilot projects led by the Public authority have shown the way that financial backers can get what they

TOURISM

Share of GDP
40%
Tourist Arrivals (2021)
1.3M
TOURIST ARRIVALS
Year Count
2019 1.7 mn
2020 0.4 mn
2021 1.3 mn

The Maldives is an attempted and tried brand with regards to its elite the travel industry. Albeit no further should be said about our extravagance resorts, there are chances to extend the business much further into new region.

WELLNESS TOURISM

Intrigued financial backers can gain by the popularity of the objective to lay out a health place offering types of assistance like corrective medical procedure, hostile to maturing therapies, helpful spas as well as rest and recovery from different sicknesses.

INTERNATIONAL CONFERENCE AND EVENTS CENTER

The magnificence of the Maldives makes it an optimal objective to hold global occasions like meetings, exhibitions, celebrations and shows

YACHT MARINAS & CRUISE TERMINALS

The magnificence of the Maldives makes it an optimal objective to hold global occasions like meetings, exhibitions.

INCENTIVES

  • Chance to obtain long rents on state-possessed islands and land ear-set apart for the travel industry advancemen
  • No restrictions on bringing home of benefits.
  • Amazing chance to get obligation exception on capital products acquired to foster offices

CONSTRUCTION & INFRASTRUCTURE

Share of GDP
6.8%
Sector Growth (2020-2021)
2.5%
SECTOR GROWTH
Year Count
2020 25.5%
2021 2.5%

Fast turn of events and urbanization combined with new advancements in the travel industry area are the main impetuses behind the enormous number of undertakings on offer for engineers.

INTEGRATED DEVELOPMENTS

The Public authority has arranged coordinated improvements like Hulhumale' Youth City and ihavan incorporated advancement enveloping the advancement of private, business and modern spaces, along with essential framework and reciprocal administrations.

RESORT & HOTEL DEVELOPMENTS

Not withstanding the high-esteem improvements in view of the one-island-one-resort idea, the Public authority and confidential gatherings are keen on creating extravagance convenience as well as lodgings in a few regions the nation over.undertakings on offer for engineers.

HOUSING

Male' City is one of the most thickly populated regions on the planet and attributable to current transitory patterns the number of inhabitants in Male' is set to increment sooner rather than later. The stockpile of lodging needs to fulfill this rising need. To resolve this issue, the Public authority has started a few lodging projects on a public-private- organization premise. Those ventures incorporate improvement of low-pay as well as extravagance lodging not withstanding subordinate administrations connected to lodging advancements

INCENTIVES

  • Chance to get long rents of as long as 99 years for lodging improvements.
  • Valuable chance to get obligation exception on capital products brought into the country for resort improvement
  • Chance to go into joint-adventure concurrences with the Public authority for coordinated advancements and enormous scope lodging projects.

ENERGY

Share of GDP
90mn $
Installed Power Capacity
545MW
Installed Capacity in 169 Resorts
105MW
Annual Consumption in Male'
41m kwh

Maldives has set an objective of creating half of its power from inexhaustible sources by 2025. Additionally to diminish its oil-weakness Maldives is keen on oil and gas investigation in its waters. The interest for power keeps on expanding in the capital city of Male' which consumes half of the all out power produced in the country. In the interim vacationer resorts which consume 40% of the rest of additionally open to greener and more brilliant energy arrangements.

WASTE-TO-ENERGY

The More prominent Male' Region produces misuse of around 330 tons of garbage daily. Whenever used for energy age, around 200 tons each day is assessed to deliver 4 MW utilizing waste-to-energy advances. Thilafushi itself consumes around 6MW each day while the interest for the More prominent Male' Region is significantly higher subsequently making the potential for waste to energy answers for take special care of that interest through interconnected lattices

BUNKERING FACILITIES

With so many domestic and foreign vessels using its waterways, there is great potential to build fuel storage and bunkering facilities in key regions of the nation.

SREP PLAN

The Public authority has started an Increasing Sustainable power Program to increment interest in sustainable power, offering chances to lay out offices to produce power from environmentally friendly power hotspots for entire island networks as well as metropolitan regions.

OIL AND GAS EXPLORATION

To decrease reliance on fuel imports. Maldives is keen on banding together with unfamiliar gatherings to investigate for oil and gas in its waters. Past investigations have demonstrated that there are hydrocarbon stores in Maldivian waters

INCENTIVES

  • Chance to get obligation exclusion on capital products acquired for improvement of offices

FINANCIAL SERVICES

Share of GDP
262mn US$

The Maldivian monetary are shows guarantee with extraordinary neighborhood interest for funding in the travel industry area as well as different areas with development potential alongside territorial interest to which global money habitats laid out in the Maldives can take care of

SME BANK

As demonstrated by supporting plans sent off by the Public authority, the developing number of SMEs in the nation have a desperate need to get to credit to secure themselves or extend their administrations. A SME bank whenever laid out can serve the huge number of MSMEs which range from corner-shops to organizations that offer corresponding types of assistance to extravagance resorts, for example, plunge schools

MALDIVES INTERNATIONAL FINANCE CENTER

Upheld by motivators and loosened up administrative limitations managed the cost of by the exceptional monetary zones structure there is extraordinary potential for the foundation of a worldwide money place in the Maldives. Such an IFC can gain by the Maldives' vicinity to local India as well as other SAARC nations which have incredible craving for supporting. Additionally, Maldives is an ideal area for a worldwide money community to house Islamic supporting establishments which can channel reserve funds from the Bay Participation Chamber (GCC)nations and the Muslim populace in South Asia.

INCENTIVES

  • Charge exceptions and extraordinary administrative systems given by the unique financial zones structure for a potential Maldives Worldwide Money Place
  • Valuable chance to get obligation exclusion on capital products got for advancement of offices.

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