President Dr Mohamed Muizzu has today renamed Greater Malé Financial District Limited as Maldives Economic Gateway Development Limited. The change was formalised through Presidential Decree No. 6/2026, which was published in the Government Gazette today.
Established in 2025 as a wholly State-Owned Enterprise, Greater Malé Financial District Limited was mandated to transform the Maldives into an international financial hub and to drive sustainable economic growth. The company’s core objectives include the development and implementation of financial services initiatives, encompassing digital finance, digital banking, real estate, financial tourism, and the broader advancement of the financial sector.
The renaming follows a resolution of the company’s Board of Directors to realign its corporate identity with its expanded strategic objectives. These objectives focus on enhancing national productivity and advancing the financial services industry, particularly in the areas of digital financial services, digital banking, digital real estate, and financial tourism, with the overarching aim of positioning the Maldives as a premier international financial services centre.
The Presidential Decree further underscores that the rebranding is strategically significant in enabling the company to effectively manage and coordinate the development of the Ihavandhippolhu region in North Thiladhunmathi. This includes ensuring the sustainable and continuous implementation of the project designed to capitalise on the Maldives’ strategic geographic location, while aligning the company’s identity with the Administration’s long-term economic vision.