Minister of Economic Development and Trade Mohamed Saeed has expressed the government’s commitment to boosting the tourism industry’s economic contribution to USD6 billion. Speaking at a press conference convened by the newly established Visitor Economic Council at the President’s Office, Minister Saeed highlighted the industry’s current USD4.5 billion contribution and emphasized the council’s objective to achieve a USD6 billion contribution, aligning with the short-term goals of President Dr. Mohamed Muizzu’s administration.
The proposed revenue growth involves exploring diverse avenues such as sports, culture, education, and health tourism.Despite the Maldives’ current GDP standing at USD6 billion, Minister Saeed underscored President Muizzu’s aspiration to elevate the tourism sector’s contribution to this level, given the country’s reliance on the industry.
The President aims to diversify and expand tourism, with plans to develop specialized forms of tourism in specific regions, extending its reach across the nation.Established during the inaugural Cabinet meeting of President Muizzu’s administration, the Visitor Economic Council comprises cabinet members and aligns with the President’s vision to broaden and diversify tourism, a vital pillar of the country’s economy. President Muizzu chairs the council, with Minister of Economic Development and Trade Mohamed Saeed and Minister of Tourism Ibrahim Faisal serving as co-chairs.