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News

President Muizzu’s Masterplan: Tax Cuts and Rent Relief to Spark Tourism in Neglected Atolls

By Ahmed Ashraf Published May 3, 2025

In a decisive move to foster equitable economic growth, President Dr. Mohamed Muizzu has announced a comprehensive strategy to invigorate tourism in five underdeveloped atolls of the Maldives. The plan includes significant reductions in land lease fees and import duties, aiming to attract investors to Ha Alif, Haa Dhaalu, Shaviyani, Thaa, and Laamu atolls.

During the press conference at the President’s Office, President Muizzu emphasized the government’s commitment to balanced regional development. “Our goal is to ensure that the benefits of tourism are shared across all regions,” he stated. “By offering these incentives, we aim to stimulate investment and create job opportunities in areas that have been previously overlooked.”

The initiative comes at a time when the Maldives’ tourism sector is experiencing robust growth. As of April 26, 2025, the country has welcomed over 800,000 tourists, marking a 7.6% increase compared to the same period last year . The majority of visitors have chosen to stay in resorts, which account for 70.2% of total arrivals.

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Currently, the Maldives boasts 61,375 operational tourist beds, including 42,085 in 172 resorts, 14,072 in 822 guesthouses, 2,038 in 15 hotels, and 3,180 in 157 safari vessels . The government’s new policy aims to increase these numbers by encouraging development in the targeted atolls, thereby diversifying the nation’s tourism offerings.

Industry stakeholders have lauded the President’s announcement, viewing it as a strategic move to enhance the Maldives’ appeal to a broader range of tourists. By focusing on sustainable and inclusive growth, the government seeks to ensure that the prosperity generated by tourism reaches every corner of the archipelago.

With these reforms, President Muizzu’s administration is taking a significant step toward reshaping the Maldives’ tourism landscape, promoting regional equity, and reinforcing the nation’s position as a premier global destination.

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“The Standard Maldives” is your premier source for the latest news, insights, and stories from the Maldives. With a commitment to accuracy and independence, we bring you comprehensive coverage of local developments, regional events, and global perspectives that impact our island nation. From breaking news to in-depth analyses, we aim to inform, inspire, and engage. Proudly carrying the tagline, ‘The World’s Window on Maldives,’ we connect the Maldives to the world and the world to the Maldives. Stay informed, stay connected.”

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