Foreign Investment
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News"Excessive island leases for farming hinder foreign investment"
Fisheries Minister Ahmed Shiyam warned that leasing too many islands for agriculture could deter foreign investment in the Maldives. He urged focusing on boosting production on the 56 currently leased islands rather than allocating more land. Shiyam noted that over-allocation creates challenges for attracting international business.
BusinessForeign investors ordered to exit restricted business sectors
The Maldives Economic Ministry has ordered foreign investors to exit restricted sectors, including retail and cargo services, by October 8. Authorities identified eight unreachable companies operating illegally and urged them to comply immediately. Businesses failing to meet the deadline must cease all prohibited operations.
