Ministry of Economic Development has signed MOUs with Waste Management Corporation (WAMCO), Housing Development Corporation (HDC) and Maldives Transport and Contracting Company (MTCC) to conduct apprenticeship programs aimed at increasing employability through providing on-the-job training to individuals who were impacted by COVID-19.
Ministry of Economic Development has signed MOUs with Fenaka Corporation and Maldives Airports Company Limited (MACL) as additional partners to conduct the apprenticeship programs aimed at increasing employability through providing on-the-job training to individuals who were impacted by COVID-19.
We are pleased to announce that the Ministry of Economic Development and Ministry of Islamic Affairs has signed a MOU agreement to launch the ‘Zakaat Nafaa Program”.
The United Nations Development Programme (UNDP) and the Ministry of Economic Development signed a Memorandum of Understanding (MoU) to provide technical assistance for strengthening evidence-based policy making and enhancing investments in Sustainable Development Goals (SDGs) in the Maldives.
“1500 Help” service center has been established in order to assist the public in giving out information on MED services
The Ministry of Economic Development and the Embassy of the United Arab Emirates in Male’ hosted a webinar on the 22nd of December 2021 titled: Investing in Renewable Energy: Opportunities for Maldives & UAE.
The Minister today has issued an order pursuant to the Employment Act to establish the first ever minimum wage in the Maldives. The minimum wage will be effective from 1st January 2022 and will be implemented based on business classification.
We are pleased to announce the newly reformed Corporate Resident Visa Regulation, that has become effective from 29th August 2021. Corporate Resident Visa is suitable for eligible investors who wish to remain in Maldives for a longer period.
We are delighted to announce the grand opening of SEED co-workspace. This is an initiative of the Ministry of Economic Development which is being implemented through the Business Center Corporation. We hope that the launching of SEED opens doors to more young entrepreneurs and eases the difficult process of starting up your ventures.
Minister Fayyaz Ismail met with MPs of HA and HDh Atoll with Indian HC and officials of AAI to provide the latest updates on the progress of the Hanimaadhoo Airport Development Project to be financed by Indian Exim Bank. The masterplan, concept designs & project details were discussed.