President Dr Mohamed Muizzu has announced a landmark economic initiative that will make every Maldivian citizen a direct shareholder in the country’s tourism industry, marking an unprecedented shift toward inclusive national wealth distribution.
Speaking at the Presidential Address 2026 at the People’s Majlis, President Muizzu revealed plans to develop 10 new resorts, with a significant portion of their profits to be distributed equally among all Maldivian citizens. The funds will be deposited annually in foreign currency directly into individual bank accounts, ensuring that the benefits of tourism reach every household.
Under the proposed framework, the government will legally guarantee equal shareholding rights for all Maldivian citizens in the resorts developed through this initiative. As a result, every holder of a Maldivian identity card will receive an equal share of annual profits generated by these resorts.
“For the first time in the history of the Maldives, every citizen will become a direct stakeholder in the nation’s tourism industry and will begin to receive direct financial benefits,” President Muizzu said.
According to government projections, deposits are expected to begin from 2030, with an average annual payout of at least USD 400 per citizen. For a family of five, this would translate into a combined annual income of at least USD 2,000, with each family member holding an equal stake across all ten resorts.
President Muizzu stressed that the administration will move swiftly to complete all legal, financial, and institutional arrangements required to implement the scheme, describing it as a transformative step toward shared prosperity.
The initiative positions tourism not merely as a driver of national revenue, but as a people-owned economic pillar, aligning with the administration’s broader vision of ensuring that no Maldivian is left behind as the country continues to grow.
