A company has been formed to distribute profits from resort developments directly to Maldivian citizens, President Dr Mohamed Muizzu announced during the opening of the parliamentary session.
The President stated that 10 resorts would be developed and that profits would be distributed to citizens within three years. The initiative is presented as a way to ensure broader public benefit from tourism expansion.
Details on the structure of the company, the selection of the resorts, and the precise mechanism for distribution have not yet been fully outlined in public statements.
Tourism remains the backbone of the Maldivian economy. Previous governments have explored various models for sharing resort-related revenues, including taxes, fees and direct ownership schemes.
The announcement comes amid ongoing debate over large-scale development projects and foreign investment in the tourism sector.
