President Dr. Mohamed Muizzu has decided to form a creative economy in the Maldives.
This was announced after deliberations on a proposal presented by the Ministry of Economic Development and Trade during Sunday's Cabinet meeting.
The President’s decision entails the formation of a National Creative Economic Committee and a strategic plan to guide its vision.
The plan includes integrating creative skills into the school curriculum, launching an International Arts School faculty and a regional production house, and creating a fund to support entrepreneurs in the technical and innovative sectors.
The fund, managed by the Business Centre Corporation (BCC), will provide financing and incubation services to those who contribute to the creative economy.
The creative economy also involves a national master plan outlining the infrastructure needed for future cities that incorporate innovation hubs and technology parks into their design.
