Business Center Corporation – From small family shops to innovative startups, businesses are a driving economic force that play a remarkable role in generating national income, creating employment opportunities, and empowering communities. Establishing a special recognition program like the MSME Awards in the Maldives highlights the importance of achieving these key objectives.

These awards not only strengthen businesses but also promote broader economic development. Since many of the country’s small and medium-sized enterprises are led by young entrepreneurs and women, this award provides recognition for their work, promotes their businesses, and opens new opportunities for further growth and expansion.

With dedicated categories for sustainability and social responsibility, the awards also encourage businesses to adopt environmentally friendly and socially conscious policies.

Furthermore, the MSME Awards help elevate productivity and operational standards within the small business sector. They inspire businesses to embrace best practices in customer service, financial management, innovation, and quality assurance. By recognizing the successes of Maldivian entrepreneurs, the awards celebrate the innovation and hard work inherent in Maldivian society. These success stories highlight the country’s potential and encourage the public to support local businesses—building unity, national pride, and a stronger sense of identity.

With applications for an award dedicated to appreciating the value of small businesses opening for the first time in the Maldives, 33 businesses from various sectors applied.

The MSME Award ceremony will be held on the night of Friday, November 28, 2025.