The President has issued Presidential Decree No. 6/2025, effecting amendments to Presidential Decree No. 6/2024, which governs projects eligible for cross-subsidy investment and establishes the minimum investment thresholds applicable thereto.
The Decree has been issued pursuant to Law No. 2/99 (Maldives Tourism Act) and sets forth key investment projects, requisite financial commitments, and designated project locations.
Notably, the Decree includes provisions for the development of multiple airports across various islands, including HA. Dhidhdhoo, HDh. Makunudhoo, Sh. Komandoo, Sh. Milandhoo, Sh. Bileiyfahi, R. Fainu, R. Alifushi, B. Thulhaadhoo, AA. Mathiveri, M. Muli, F. Nilandhoo, Th. Guraidhoo, Th. Vilufushi, as well as an additional airport in Huvadhu Atoll and two airports within Laamu Atoll.
In the tourism sector, the Decree mandates the implementation of the Asseyri tourism project in Laamu Gan and Addu City. Furthermore, the Decree authorizes the reclamation of 15 hectares of land from K. Giraavaru lagoon for the ‘Hope Island’ project, which aims to provide support for at-risk children. Additionally, 30 hectares of land within the same lagoon have been allocated for the development of a new Central Prison Complex.
The Decree further emphasises the prioritisation of national security projects and social housing initiatives, including extensive land reclamation efforts in Rasmale’, Gulhifalhu, Giraavarufalhu, and Uthuru Thila Falhu.
Infrastructure development initiatives stipulated under the Decree include the construction of roads and utility networks within newly reclaimed areas, as well as the establishment of causeway links between Th. Veymandoo and Th. Kin'bidhoo, Th. Dhiyamigili and Th. Madifushi, L. Hithadhoo and L. Kunahandhoo, L. Kalaidhoo and L. Dhan'bidhoo, and M. Muli and M. Naalaafushi. Additionally, the Decree provides for the establishment of a High-Performance Centre to enhance national capabilities in various sectors.