President Dr. Mohamed Muizzu has emphasised the government's commitment to expanding the economy through targeted development of the tourism and fisheries sectors. He made the remarks while delivering his address at Invest Maldives 2024 held at Burj Al Arab in Dubai, United Arab Emirates (UAE).
In his address, President Dr. Muizzu outlined the government's plans to promote tourism, highlighting efforts to diversify into sports, education, health, and culture. With a target of attracting two million tourists by year-end, he noted the crucial role of strong air links with the UAE and other Middle Eastern countries.
Additionally, Dr. Muizzu underscored initiatives to enhance food security, bolster the fisheries sector, and establish the Maldives as a financial services hub. The government aims to invest in trade and logistics, capitalising on the strategic location of the Maldives.
Furthermore, Dr. Muizzu emphasised the priority placed on expanding the financial services sector through the establishment of the Maldives International Financial Services Authority. He also highlighted sustainable fishing practices and the installation of cold storage facilities to increase fish processing capacity.
Moreover, President Dr. Muizzu said that the goal is to diversify the economy and ensure its benefits are accessible to all citizens through targeted efforts across various sectors.