President Mohamed Muizzu announced the establishment of a 100-hectare Special Economic Zone (SEZ) aimed at economic diversification through a re-export entity, during the Velana International Airport development project inauguration on Thursday, signalling the administration’s commitment to expanding the nation’s commercial capabilities.

London, England, United Kingdom – March 15, 2024 —

In a strategic move to bolster economic diversification and enhance the Maldives‘ position in the global market, President Mohamed Muizzu has announced the creation of a 100-hectare Special Economic Zone (SEZ) dedicated to re-export activities. This declaration was made during the inauguration event of the Velana International Airport development project.

Minister of Economic Development and Trade, Mohamed Saeed, highlighted the administration’s decision to establish a fully state-owned enterprise, the Maldives Industrial Development Free Zone, aimed at fostering economic diversification. This entity will focus on transshipment and re-exporting activities, tapping into the strategic location of the Maldives for international trade.

President Muizzu further specified that Thilafushi Island and its adjacent reclaimed land would be designated for re-export activities, with the vision of transforming it into an international SEZ. The initiative seeks to leverage various opportunities to position the Maldives as a key player in the re-export sector.

The newly formed company will engage in producing raw materials and food products indigenous to the Maldives, aiming to boost the country’s revenue through international exports. Five state-owned enterprises, including the State Trading Organization (STO), Urbanco, Maldives Ports Limited (MPL), Maldives Transport and Contracting Company (MTCC), and Maldives Airports Company Limited (MACL), will be key stakeholders in this venture.

Minister Saeed assured that necessary resources such as land, staff, capital, and additional assets would be allocated to the company in the forthcoming weeks, laying the groundwork for a significant leap in the Maldives‘ economic development and international trade capabilities.

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Utilizing the SEZ Act of 2014, President Mohamed Muizzu has established the Maldives International Financial Services Authority (MIFSA) to offer offshore financing services, marking a pivotal diversification of the Maldives’ economy and expanding its financial sector’s capabilities.

London Borough of Lambeth, England, United Kingdom – March 15, 2024 —

In a landmark move to bolster the Maldives’ financial services sector, President Mohamed Muizzu, leveraging the authority granted by the Special Economic Zones (SEZ) Act of 2014, has inaugurated the Maldives International Financial Services Authority (MIFSA). This pivotal initiative aims to introduce comprehensive offshore financing services across the nation, signaling a major leap in diversifying the economic landscape of the Maldives.

Overseen by the Ministry of Economic Development and Trade, MIFSA’s establishment was first announced by President Muizzu on January 4th, with plans to locate the authority on Funadhoo Island, just across Malé. This strategic move includes relocating the current fuel storage facility to Maagirifalhu, as confirmed by the President’s Office.

MIFSA is set to craft a robust legal framework to support not only offshore but also onshore financing services as outlined in the SEZ Act. “The creation of MIFSA paves the way for the development of offshore and onshore development banks, international financial centers, and the exploration of modern solutions to the legal and administrative hurdles in crafting a competitive financial market system,” stated the President’s Office.

Emphasising the significance of this development, President Muizzu shared, “Transforming Funadhoo Island into an international financial centre and fostering its development encapsulates our broader vision for the Maldives.”

During the inauguration of Velana International Airport’s third development phase, President Muizzu expressed his commitment to establishing international financial centres within the Maldives, with MIFSA being a foundational step toward this goal.

Further expanding the economic development strategy, the President announced the establishment of a re-export Special Economic Zone at Thilafushi, to be operated by the Maldives Industrial Free Zone Company. “Our goal is to synergize this with other initiatives, transforming it into a world-class international re-export SEZ,” he added.

The establishment of MIFSA and the forthcoming financial centers and SEZs are indicative of the Maldives‘ ambitious plans to enhance its position as a key player in the global financial and trade sectors.

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China Eastern Airlines, the second-largest Chinese airline, resumes flights between China and The Maldives. The inaugural Kunming-Malé flight landed at Velana International Airport (VIA) on Wednesday, reinstating vital air connectivity between the two countries.

London, England, United Kingdom – March 15, 2024 —

China Eastern Airlines, the second-largest airline in China, has resumed flight operations between China and The Maldives. The inaugural flight from Kunming, Yunnan province’s capital and primary transportation hub, landed at Velana International Airport (VIA) in Malé on Wednesday evening.

The revival of this vital route follows its suspension due to stringent travel restrictions during the Covid-19 pandemic. The reinstatement of these flights marks a significant milestone in the normalization of international travel and tourism.

A ceremony was held at VIA to mark the resumption of flights, attended by Ibrahim Faisal, the Minister of Tourism, and Wang Lixin, the Chinese Ambassador to The Maldives. Ambassador Wang expressed her pleasure at the flight’s resumption, noting its role in enhancing people-to-people exchanges and tourism cooperation between China and The Maldives.

China Eastern Airlines plays a crucial role in The Maldives’ tourism sector, attracting a substantial number of Chinese tourists. With daily services now operational between the two destinations, the airline is poised to further bolster tourism ties.

Historically, China has been The Maldives’ top tourism source market. Despite temporary setbacks due to pandemic-related restrictions, China has reclaimed its position as the leading source market in 2024, driving significant tourist arrivals.

According to tourism ministry data, as of 27 February, The Maldives has welcomed 52,995 Chinese visitors this year, constituting 13.3 percent of the total tourist arrivals.

As The Maldives targets over two million tourist arrivals in 2024, Tourism Minister Faisal aims to increase Chinese tourist arrivals by 60 percent. Other Chinese airlines serving The Maldives include Xiamen Airlines, Hong Kong Airlines, Szechuan Air, and Beijing Capital Airlines.

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Maldivian, the national carrier, has addressed concerns regarding elevated surfboard carriage fees by announcing substantial reductions. Large surfboard charges will decrease by 33%, and small surfboard fees will see a significant 66% cut.

London Borough of Lambeth, England, United Kingdom – March 15, 2024 —

The Maldives – Responding to public discontent, The Maldives’ national carrier, Maldivian, announces significant reductions in surfboard carriage fees. Effective immediately, charges for large surfboards will be reduced by 33%, with small surfboards seeing a remarkable 66% decrease.

The decision to revise surfboard carriage fees follows concerns raised by residents and visitors alike, notably during a recent ‘Raeesge Javaabu’ Q&A session with President Dr. Mohamed Muizzu. The issue gained attention when Ahmed Rasheed, a Gadhdhoo resident from Gaafu Dhaalu Atoll, emphasised the exorbitant costs tourists faced, amounting to as much as US$800, to transport surfboards to The Maldives. Such expenses were found to deter surf enthusiasts, impacting the popularity of renowned surfing spots like Tiger Stripes in Gadhdhoo.

In response, President Muizzu pledged swift action to rectify the situation, prompting Maldivian to promptly revise its surfboard carriage fees. These adjustments aim to foster greater accessibility to The Maldives‘ surfing destinations, catering to both domestic and international surf enthusiasts.

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Manta Air, The Maldives’ private airline, introduced direct flights between Bengaluru, India, and Kudahuvadhoo Island, Dhaalu (Dh) Atoll, on Friday. Marking the first international flight from Dhaalu Airport, the inaugural flight successfully landed, expanding connectivity options for travelers between the two destinations.

London, England, United Kingdom – March 15, 2024 —

The Maldives’ premier private airline, Manta Air, proudly announces the commencement of direct flights connecting Bengaluru, India, and Kudahuvadhoo Island in Dhaalu (Dh) Atoll. The inaugural flight successfully touched down at Dhaalu Airport on Friday, marking a significant milestone as the first international flight from the airport.

Manta Air’s strategic initiative aims to enhance travel accessibility and efficiency for tourists visiting the picturesque resorts of Dhaalu Atoll. By offering direct flights from Bengaluru, Manta Air addresses the longstanding need for streamlined travel routes, eliminating the previous necessity for Indian tourists to transit exclusively through Velana International Airport (VIA) en route to Maldivian resorts.

“We are thrilled to introduce direct flights from Bengaluru to Kudahuvadhoo Island, providing tourists with a seamless travel experience and unlocking the untapped potential of Dhaalu Atoll,” said a spokesperson at Manta Air. “This initiative not only fosters greater convenience for travelers but also strengthens the bond between India and The Maldives, two vibrant destinations renowned for their natural beauty and hospitality.”

Kudahuvadhoo Island serves as a gateway to esteemed resorts in Dhaalu Atoll, including the acclaimed Kandima Maldives, a luxurious retreat synonymous with excellence and relaxation. With the launch of direct flights, tourists can now embark on unforgettable journeys to these world-class resorts without the hassle of multiple layovers.

India stands as the fifth largest tourist market for The Maldives, with Bengaluru emerging as a favored destination among Maldivians for various pursuits, including medical treatment, higher education, and leisure activities. Manta Air’s expansion initiative reinforces the strong cultural and economic ties between the two nations, fostering greater connectivity and collaboration.

As one of the leading private airlines in The Maldives, Manta Air boasts a diverse fleet and operates both seaplane services and regular domestic flights, including routes flown on advanced ATR 72-600 aircraft. The airline’s commitment to innovation and customer satisfaction underscores its pivotal role in advancing The Maldives’ aviation sector.

The launch of direct flights between Bengaluru and Kudahuvadhoo Island signifies a landmark development in The Maldives’ tourism landscape, heralding a new era of accessibility and opportunity for travelers seeking unparalleled experiences in the heart of the Indian Ocean.

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Kandima Maldives, a leader in active lifestyle hospitality, is excited to partner with famed Arab mentalist Moein Al Bastaki for an unforgettable ‘Arabian Night’ event this Eid 2024, promising top-tier entertainment and magical experiences.

London – March 15, 2024 —

Kandima Maldives, the leading destination for active lifestyle enthusiasts, is proud to announce an exclusive collaboration with acclaimed Arab mentalist and illusionist Moein Al Bastaki. This partnership will bring to life an ‘Arabian Night’ spectacle, set against the stunning scenery of Kandima Maldives’ pristine beaches and crystal-clear waters. Scheduled from April 7th to 9th, 2024, the event promises to offer top-tier entertainment and create unforgettable experiences for guests and families during the Eid celebrations.

Moein Al Bastaki, renowned for his exceptional mentalism and illusion skills and often referred to as the Real Aladdin, is set to showcase his talents at Kandima Maldives. Guests and families looking for magical experiences during the festive Eid season will be treated to an unmatched spectacle. Al Bastaki’s performance will include mesmerizing acts of levitation, mind reading, and intimate magic tricks, among others, designed to captivate and enchant the audience with his remarkable illusions.

Speaking about his new show, Moein Al Bastaki said,” As an illusionist, I am thrilled to announce my new show, ‘Arabian Night,’ in collaboration with Kandima Maldives for the upcoming Eid celebrations. Together, we aim to elevate the holiday experience for guests through the art of illusion and spectacle. Join me at this game-changing lifestyle destination island as we embark on a journey of magic and wonder, creating memories that will last a lifetime.”

To celebrate this partnership, Kandima Maldives is thrilled to offer an exclusive 55% discount on all room categories during the Eid 2024 celebrations which is perfect UK travellers considering Maldives holidays. This exceptional promotion encompasses a variety of complimentary benefits, including a 20-minute professional photo session, access to engaging kids club activities, daily snorkeling trips to the vibrant house reef, and attractive discounts on both spa treatments and water sports. Additionally, families can take advantage of a complimentary stay for up to two children under the age of six, ensuring a memorable and affordable Eid holiday for everyone.

Commenting on the collaboration, Althaf Mohamed Ali, Chief Operating Officer of Pulse Hotels & Resorts said,” We are absolutely thrilled to welcome Moein Al Bastaki to Kandima Maldives for his much-anticipated Arabian Night show during Eid 2024. Moein’s extraordinary talents in the realms of mentalism and illusion are legendary, and we are confident that his presence will add an unparalleled level of excitement and enchantment to our Eid celebrations. We are excited to forge unforgettable memories for our guests.”

He further remarked, “We believe that this partnership with Moein Al Bastaki is just the first of many incredible collaborations. We look forward to welcoming guests from around the world to join us in celebrating Eid in style.”

Secure your reservation before April 5th to immerse yourself in the magic of Moein Al Bastaki’s captivating performance and avail of the exclusive Eid promotion from TheMaldives.co.uk

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Chinese tourist arrivals to The Maldives are expected to have exceeded more than 50,000, making China the largest tourist market for the nation in 2024. Arrival data indicates a significant surge in tourism, reflecting The Maldives’ enduring popularity among international travellers.

London, England, United Kingdom – March 15, 2024 —

Male, The Maldives – The Maldives, renowned for its picturesque landscapes and luxurious resorts, has experienced a significant milestone in tourism with Chinese tourist arrivals expected to have easily have surpassing the 50,000 mark since the beginning of the year, according to recent data trends.

As of February 21st, 49,769 Chinese tourists had already visited The Maldives, a figure that virtually guarantees the breach of the 50,000 milestone by the end of February.

The Ministry of Tourism reported that a total of 349,612 tourists had visited The Maldives as of the beginning of February, showcasing a remarkable increase of 16.3 percent compared to the same period last year.

Italy emerged as the second-largest market with 33,552 tourists, followed by Russian tourists, now ranked third, reaching 33,213.

Currently, The Maldives boasts 180 operational resorts, alongside 15 hotels and 829 guesthouses, offering diverse options for accommodation ranging from luxurious resorts to cozy guesthouses.

With a strategic focus on tourism, The Maldives has set its sights on attracting more than two million tourists this year, further solidifying its position as one of the world’s premier holiday destinations.

About The Maldives

The Maldives is a tropical paradise renowned for its crystal-clear waters, vibrant marine life, and luxurious Maldives resorts and Maldives All Inclusive Resorts. With a plethora of resorts, hotels, and guesthouses, The Maldives offers an unforgettable holiday experience for travellers seeking relaxation, adventure, and unparalleled natural beauty.

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Maldives Marketing and Public Relations Corporation issued an RFP seeking a U.S.-based agency for one-year representation. Eligible parties can bid to conduct promotional and marketing activities, aiming to elevate the Maldives as the premier global island destination.

London, England, United Kingdom – March 15, 2024 —

The Maldives Marketing and Public Relations Corporation (MMPRC) has issued a Request for Proposals (RFP) to engage a U.S.-based agency for one-year representation, with the aim of enhancing the global prominence of Maldives tourism.

Released on January 25, the RFP invites eligible entities to bid for the project, emphasising MMPRC’s mission to lead promotional and marketing initiatives, positioning the Maldives as the premier island destination worldwide.

The selected agency will lead public relations campaigns, showcasing the allure of the Maldives as a top tourist haven, featuring renowned Maldives hotels such as Siyam World Maldives and W Maldives. Additionally, the agency will monitor the US outbound market, provide regulatory updates, and analyze competitors’ promotional activities.

To qualify, bidders must have a registered US office and maintain a minimum of 20 percent of the total 12-month retainer fee in their bank account, as stipulated in the RFP. This initiative aligns with The Maldives’ commitment to strengthening its tourism sector, a key economic driver.

Over the years, The Maldives has experienced remarkable growth in international visitor arrivals, surging from 42,000 in 1980 to over 1,878,537 in 2023.

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The Ministry of Tourism reports a 12% rise in tourist arrivals to Maldives in the first 3 weeks compared to the same period last year, with 174,000 visitors recorded. This influx averages 6,200 daily arrivals, reflecting the nation’s enduring appeal as a premier tourist destination.

London, England, United Kingdom – March 15, 2024 /MarketersMEDIA/ —

The Maldives – The Ministry of Tourism of The Maldives has reported a significant surge in tourist arrivals, marking a 12% increase compared to the same period last year. According to recent data released by the ministry, a total of 174,000 tourists have visited the country thus far in the year, averaging around 6,200 arrivals daily.

This uptick in arrivals is a promising indicator for the Maldives’ tourism sector, with around 155,000 visitors recorded during the corresponding period in the previous year, reflecting an approximate increase of 20,000 arrivals.

Minister of Tourism, Ibrahim Faisal, expressed optimism during the inauguration of the Special Plan aimed at developing the skills of Maldivian youth in the global coding market. He outlined the ministry’s target of attracting 2 million tourists in collaboration with MMPRC (Maldives Marketing and Public Relations Corporation), with a potential to surpass 2.3 million arrivals in 2024 if sustained growth in Chinese and Indian markets continues.

Faisal underscored the government’s commitment to empowering youth, emphasising the importance of technology-driven businesses and career opportunities in the tourism sector. He highlighted plans to launch a world-class application to promote Maldives tourism, leveraging online marketing efforts to drive industry growth.

Despite shifts in tourist arrival rankings, Russia maintained its lead with 18,500 visitors, followed by Italy with 18,100 arrivals, representing a notable increase from the previous year. Chinese tourists surged to become the third-largest source market with 16,000 arrivals, signaling a promising trend for the Maldives‘ tourism landscape.

With an ambitious target of attracting 2 million tourists in 2024, the Maldives remains focused on sustaining robust growth, aiming to welcome approximately 166,000 tourists per month to achieve its tourism goals.

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Wang Lixin, the Chinese Ambassador to the Maldives, announced the launch of charter flights between China and the Maldives. This agreement, established during President Mohamed Muizzu’s visit to China, improves connectivity and bolsters tourism prospects between the two countries.

London, England, United Kingdom – March 15, 2024 —

Malé, Maldives – The initiation of charter flights between China and the Maldives on February 14th, announced by Wang Lixin, the Chinese Ambassador to the Maldives, marks a significant step forward in enhancing bilateral tourism relations. This collaborative effort stems from an agreement reached during President Mohamed Muizzu’s recent diplomatic mission to China.

Ambassador Wang shared the news during a meeting with local media, emphasising China’s commitment to supporting President Muizzu’s vision of reinstating China as the primary source market for Maldivian tourism. The inaugural charter flight took off from Fujin City, China, on February 14th, with Ambassador Wang hinting at potential commercial flight expansions, pending increased demand.

President Muizzu, upon his return from the diplomatic visit, revealed fruitful discussions with Chinese officials aimed at reviving China as the leading source market for Maldivian tourism. The talks also explored possibilities for bolstering direct flight connectivity between the two nations.

In addition to the charter flights, President Muizzu announced the commencement of flights by China’s Xiamen Airlines in March. The government unveiled strategic plans to promote the Maldives in the Chinese market, aligning with The Maldives Marketing and Public Relations Corporation’s (MMPRC) strategic tourism promotion activities. These initiatives are tailored to elevate the Maldives’ appeal as a premier tourism destination in the Chinese market.

As part of MMPRC’s efforts, the corporation confirmed participation in the ITB China 2024 fair, scheduled for May 27-29 at the Shanghai World Expo Exhibition and Convention Centre. This event targets the Chinese travel market, showcasing the Maldives’ offerings to industry professionals and travelers alike.

Before the onset of the Covid-19 pandemic, China stood as The Maldives’ largest tourism market. Seeking to revitalize this vital relationship, the government aims to increase tourist arrivals by 40 percent of pre-pandemic levels.

Tourist arrivals from China have been steadily rebounding, approaching pre-pandemic levels following the gradual reopening of global borders. In 2023, the Maldives welcomed over 172,163 tourists from China, reinforcing its position within the top three source markets for The Maldives.

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