AGP Executive Report
Last update: an hour agoAirport Infrastructure: Maldives Airports Company Limited’s borrowings have climbed to nearly MVR 16.64 billion, with major airport loans secured against Hulhulé property leasehold rights, according to its 2025 audit. Tourism: October arrivals reached 1.76 million for the year, up 0.2% year on year; the government is also moving to repeal the 17% tax on foreign tour operators. Transport Innovation: The Maldives held its first manned electric vertical take-off and landing aircraft demonstration in Hulhumalé, in a potential new area for transport services. Fisheries: Fisheries Minister Ahmed Shiyam called for stronger international partnerships in sustainable fisheries management, marine research and climate resilience. Construction: Bank of Maldives is seeking firms to design, build and finance a 14-storey Hulhumalé headquarters, with rooftop solar among the planned features. Islamic Tourism: The Maldives is looking to Malaysia’s halal expertise to develop Muslim-friendly hospitality standards and expand Islamic tourism.
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