Economy

The investment agreement for the "Aila Sustainable Township" project, which is scheduled to be developed in N. Atoll, was officially signed on Wednesday, December 31, 2025. This major project, which will be carried out based on environmentally friendly and sustainable principles, has been noted as an important step towards the economic and social development of N. Atoll. Under this agreement, housing and employment opportunities with modern facilities will be created in the area.

Official figures released today show that the volume of goods exported from the Maldives in November 2025 has achieved a 9 percent increase compared to the previous year. According to economic statistics, this growth is mainly due to the increase in the export of Maldivian fisheries products to foreign markets. Relevant authorities note that this is an important indication that the Maldives' foreign trade is strengthening. This report, published on December 31, 2025, confirms that the Maldives' economic momentum is accelerating with this growth.

Under the government's "Hiyaavahi Financing Scheme," a loan of 909 million Maldivian Rufiyaa has been approved today, 31 December 2025, for building houses. As this scheme is an important project carried out by the government to provide housing to the general public at a low interest rate, this financial assistance will facilitate the opportunity for many families to build their own housing. The decision to release such a large amount of loans on the last day of this year reflects the government's priority to solve the housing shortage. In addition, it has been arranged to provide financial assistance to those living in different areas under this financing scheme.

The practical work of building warehouses specifically for the storage needs of small and medium enterprises was officially started on December 31, 2025. The main objective of this project is to provide a permanent solution to the space constraints faced by small businesses and to facilitate the reduction of commodity storage costs. These warehouses are being built with modern facilities and arrangements that businesses can easily use. With the commencement of this work, new opportunities will be opened for small and medium enterprises operating in the economic sector to increase productivity.

50 percent of the important project being carried out to widen the roads of Male's Baazaarumathee and strengthen the drainage system has been completed by 31 December 2025. This project is a designed effort to reduce congestion in Baazaarumathee and to find a permanent solution to the problem of flooding during the rainy season. With half of the project completed, a large portion of the pipes and drainage system that need to be buried under the roads has been completed. The government aims to complete these works as soon as possible and establish easy roads for the general traders and travelers.

Shangri-La Villingili Resort & Spa, located in Addu City, has reopened on 31 December 2025 after being closed for many days. The reopening of this resort is noted as a major boost to Addu's tourism and economy, and it will increase employment opportunities in the area. A special ceremony was held in connection with this joyous occasion, and this is an important step that will take Addu's tourism to a new level.

West Management Corporation (Vamco) has decided to reduce the waste disposal fee as a way to provide relief to small and medium enterprises, and this has been announced today. This decision is a new policy established by Vamco on December 31, 2025, in order to find a solution to the financial difficulties faced by businesses and to provide economic assistance. The company informs that with this change, the costs incurred by SMEs for waste management will be reduced. In addition, Vamco notes that this measure will help to eliminate the obstacles faced in running small businesses.

As part of the policy to expand the banking services of Maldives Islamic Bank (MIB), ATM services have been officially inaugurated today in D. Meedhoo, which is part of the Dhangethi constituency of the Maldives. This ATM, which opened on Wednesday, December 31, 2025, will allow the island's residents and business owners to easily conduct banking transactions 24 hours a day, seven days a week, in addition to withdrawing and depositing money. This is an important step taken to revitalize the island's economic activities as part of MIB's efforts to provide services to the atolls.

Under the agreement signed today between Zakat House and Maldives Inland Revenue Authority (MIRA), arrangements have been facilitated to further strengthen the collection of property Zakat and to pay Zakat through MIRA. The main purpose of this agreement is to modernize the Zakat collection system and to facilitate the payment of Zakat money to the public with ease. The ceremony was attended by senior officials from Zakat House and MIRA, and this is an important step taken to advance the Zakat system in collaboration with state institutions. With the new agreement, the relationship between the two institutions in collecting Zakat and maintaining its accounts will be further strengthened.

Maldivian Airlines officially commenced nighttime flights to M. Muli Airport today. With the first flight to Muli on the night of Wednesday, December 31, 2025, as part of the launch of this service, a major advancement has been achieved in the region's transportation system. These are flights that began after completing the facilities required for nighttime flights to land at Muli Airport. This new service will provide significant ease for the people of Mulaku Atoll and the region's tourism sector.

Today, Wednesday, December 31, 2025, coinciding with the New Year, the arrival of private jets to the international airports of the Maldives has greatly increased. With a large number of tourists visiting the Maldives to celebrate the New Year, jet parking at places like Velana International Airport and Maamigili Airport is almost full. As this is the busiest period for tourism in the Maldives, airports have taken special measures to manage flights and control traffic.

The government has decided to bring significant changes to the permanent quota system established for foreign workers in the Maldives, effective today, 31 December 2025. Under these changes, new standards will be introduced for allocating quotas to employers, and priority will be given to technical personnel needed for specific sectors. Relevant authorities have stated that this decision is a robust step taken to organize the Maldivian job market and address the issue of illegal foreigners. They also said that the implementation of the new system will further strengthen the quota acquisition process and provide ease in finding workers needed for economic activities.

Today, December 31, 2025, a significant agreement was signed to officially commence seaplane services to AA. Thoddoo. Under this agreement, it has been decided to further expand tourism in Thoddoo and establish an easy transportation system for tourists visiting the island. This project is an important step towards the economic progress of the island and taking local tourism to new heights. With the commencement of seaplane flights, the travel time from Male' to Thoddoo will be reduced, and the quality of service provided to tourists will be greatly improved.

The Green Nursery project scheduled to be developed in Hulhumalé has been officially handed over to China Harbour Engineering Company today. Under this agreement signed on 31 December 2025, this project is an important effort to protect the environment and increase greenery in Hulhumalé. As part of this project, it has been decided to establish systems for cultivating plants with modern facilities and to develop green areas designed to suit the environment of Hulhumalé. Relevant authorities inform that China Harbour Engineering was entrusted with this work considering the company's experience and technical capabilities.

Maldives Transport and Contracting Company (MTCC)'s Kashavaru Showroom will be closed on Wednesday, December 31, 2025, to conduct the annual inventory taking. The company informs that all business services provided by the Kashavaru Showroom will be suspended during this period, and that this is an important administrative task carried out in connection with the end of the year. Therefore, MTCC urges customers seeking services from Kashavaru Showroom on this day to take note of this.

According to the financial reports published by Maldives Ports Limited (MPL) on December 31, 2025, the company's total revenue has increased. However, despite the increase in revenue, the company's net profit has decreased during this period due to changes in operating expenses. With this result, MPL is further investigating to identify the work that needs to be done to streamline the company's operations and reduce costs in the coming year.

It was announced on December 31, 2025, that the pace of implementing development projects in the Maldives or the Public Sector Investment Program (P.S.I.P) has accelerated and that state revenue has seen a significant increase. By the end of this year, many projects have been successfully completed, leading to increased economic activity and strengthened the state's financial capacity. These reports note that the progress of projects as planned by the government is an important step towards sustainably increasing revenue.

Today, December 31, 2025, important information has been revealed regarding employee salaries and benefits, and the prices of goods in the island markets. In connection with the last day of the year, the changes to the regional level salary payment policies and the market prices have been monitored by the relevant government agencies. In this regard, this report looks at the wages that must be paid to workers, the differences in regional salaries, and the changes in market prices in anticipation of the New Year. All of these details are important statistics released in light of today's economic situation.