To diversify tourism and promote equitable regional development across the Maldives, President Dr. Mohamed Muizzu has announced special incentives exclusively for five atolls that currently host the fewest resort developments. The initiative is designed to stimulate investor interest and accelerate hospitality growth in Haa Alifu, Haa Dhaalu, Shaviyani, Thaa, and Laamu atolls.
Speaking during a press conference at the President’s Office on 03rd May 2025, President Dr. Muizzu emphasized the importance of broadening tourism opportunities beyond the traditionally popular regions of the country. He noted that these five atolls were chosen due to their relatively low concentration of resorts, despite their natural potential to support high-end and sustainable tourism.
To attract investment to these regions, the government is finalizing regulatory amendments that will offer a range of financial incentives. These include substantial reductions in land acquisition fees and exemptions on import duties for construction materials, equipment, and other tourism-related goods. The President clarified that these concessions would be made available for a limited period under a “sunset clause,” encouraging timely investment decisions while maintaining fiscal responsibility in the long term.
“We want to ensure that development is not concentrated in just a few regions,” said President Dr. Muizzu. “Through these targeted measures, we aim to unlock the tourism potential of these beautiful but underutilized areas.”
The announcement comes amid positive tourism statistics for the country. As of April 2025, the Maldives has welcomed 823,658 visitors, reflecting a 7.4% increase over the same period in 2024. President Muizzu credited this growth to the administration’s ongoing commitment to enhancing tourism infrastructure and diversifying offerings across the islands.
In addition to the new concessions, the President also reaffirmed his administration’s commitment to the Asseyri Tourism Development Project in Addu City. This project, which opened for investor proposals on March 21, is part of the government’s broader plan to create 6,000 new tourism beds through a cross-subsidy model. This approach allows revenue from high-performing regions to support developments in less established areas, aligning with the administration’s goal of inclusive economic growth.
The government is also actively supporting the revival of delayed or stalled tourism projects across the country. According to the Ministry of Tourism and Environment, these efforts are expected to yield an additional 1,290 tourism beds this year, further contributing to the sector’s expansion.
Tourism continues to be the largest contributor to the Maldives’ Gross Domestic Product (GDP), and the administration’s latest initiatives are expected to enhance the sector’s resilience and reach. By channeling investment into new regions and revitalizing dormant projects, the government aims to strengthen the Maldives’ position as a globally recognized, sustainably managed island destination.
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