Maldives Innovation and Digital Company, MINDCo, and the Bank of Maldives have signed a memorandum of understanding to establish a national AI and Data Competency Centre, a key initiative under President Dr Mohamed Muizzu’s Maldives 2.0 digital transformation agenda.
The centre is designed to support the adoption of artificial intelligence and data-driven solutions across government institutions and key economic sectors. It aims to improve public service delivery, enhance operational efficiency and strengthen evidence-based decision-making within the public sector.
The initiative reflects President Muizzu’s broader vision of using digital technologies as a foundation for modern governance and more efficient public administration.
Under the agreement, MINDCo will lead the establishment of the centre, while the Bank of Maldives will act as a strategic partner during its development and early implementation. As the country’s largest financial institution, BML will contribute expertise in digital payments, financial technology, and the large-scale application of data and artificial intelligence.
The centre will also actively engage the local private sector, inviting technology firms, startups and industry experts to co-create practical AI and data tools that address real challenges faced by public institutions. This collaborative approach is intended to ensure solutions are secure, scalable and suitable for public service delivery.
The partnership is expected to strengthen alignment between public sector digital transformation efforts and the Maldives’ rapidly evolving digital financial infrastructure, while supporting the development of national AI and data capabilities and a future-ready workforce.
The AI and Data Competency Centre is scheduled to begin operations in April 2026, following a phased implementation process.