Ministry or office
Ministry of Economic Development, Transport and Trade
In the news, last 90 days
Infrastructure
First-ever manned drone demo in Maldives attracts delighted crowd
The first-ever manned drone and electric aircraft demonstration in the Maldives was held in Hulhumale' on Friday evening by the Ministry of Economic Development, Transport and Trade together with China's CoolFly, drawing large crowds, with a second demonstration on Saturday morning. The article describes eVTOL aircraft as producing roughly 85 percent fewer CO2 emissions per passenger mile than conventional helicopters.
Infrastructure
Ministries partner to strengthen electric vehicle maintenance...
Two Maldivish ministries signed a memorandum of understanding to build local technical expertise in maintaining electric vehicles and charging infrastructure, as part of the ISLET Project supported by the Global Environment Facility and implemented through UNEP.
Economy
Handicrafts to innovation: Maldives Expo 2026 concludes with...
Maldives Expo 2026 concluded at Hulhumalé Central Park, showcasing more than 4,400 products from 430 exhibitors across 73 categories and 16 sectors. The event was jointly organised by the Ministry of Economic Development, Transport and Trade and the Business Centre Corporation, and was officially inaugurated by President Dr Mohamed Muizzu and First Lady Sajidha Mohamed on 25 October.
Economy
BML opens payment gateway applications for MSMEs to receive US dollars
Bank of Maldives has opened applications for micro, small and medium enterprises to use its Payment Gateway, allowing them to receive US dollar payments from overseas customers. Applications are made through the Business Center Corporation portal, under a partnership between BML, the Ministry of Economic Development, Transport and Trade and BCC.
Economy
Dhiraagu offers prizes and games at Maldives Expo
Dhiraagu is running promotional offers, prize draws and gaming activities at its experience stall at Maldives Expo 2026, including a draw for an iPhone 18 Pro and daily MiFi device prizes. Its Dhiraagu Gamers' Guild is operating a free gaming centre at the expo, which is held at Hulhumale' Central Park and runs until November 2.
Economy
President Muizzu Calls for Chinese Partnerships That Deliver Jobs and Skills
President Dr Mohamed Muizzu told the China-Maldives Investment Cooperation Forum that the Maldives wants Chinese ties converted into investment that develops industries, creates jobs and builds skills. The one-day forum at Barceló Nasandhura, held alongside Maldives Expo 2026, gathered over 100 participants including more than 40 Chinese companies, with five memorandums of understanding scheduled for signing.
Economy
BML to enable MSMEs to receive international payments through the BML payment gateway
The Bank of Maldives announced on 25 October 2026 that it had finalised arrangements to let Micro, Small and Medium Enterprises receive payments from overseas customers through the BML Payment Gateway, delivered with the Ministry of Economic Development, Transport and Trade and the Business Centre Corporation. The partners are working towards launching the service on 1 November 2026.
Economy
BML to facilitate overseas payments for small businesses starting November
Bank of Maldives has finalised preparations to let Maldivian micro, small and medium enterprises accept US dollar payments from international customers through its payment gateway, with the service expected to launch on November 1, 2026. The initiative is being introduced with the Ministry of Economic Development, Transport and Trade and the Business Center Corporation, following President Dr Mohamed Muizzu's remarks at the Maldivian Production Expo 2026.
Economy · Press release
President inaugurates Maldives Expo 2026
President Dr Mohamed Muizzu inaugurated Maldives Expo 2026, described as the largest exhibition ever held in the Maldives, at Hulhumalé Central Park. The expo brings together 430 participants showcasing more than 4,400 products across seven exhibition districts and will run until 2 November.
Economy · Official
President assures more favourable opportunities for SMEs within the next three months
President Dr Mohamed Muizzu announced a series of SME support measures to be introduced between November 2026 and January 2027, including USD payment facilities, tax-free zones in Addu City, GST threshold revisions, zero-rated import duties on raw materials, and a second-phase youth loan scheme. The announcements were made at the awards ceremony of Maldives Expo 2026 at Barceló Nasandhura.
Economy · Official
Productive Citizens Will Play the Leading Role in the Economy: Minister Saeed
Minister of Economic Development, Transport and Trade Mohamed Saeed said the country's productive citizens will lead the Maldivian economy, speaking at the Maldives Expo 2026 Awards Ceremony. He said the expo has grown in products, participants and districts compared to last year.
Economy
BML becomes official banking partner of Maldives Expo 2026
Bank of Maldives (BML) signed an agreement to become the official Banking Partner of Maldives Expo 2026. The nine-day exhibition, jointly organised by the Business Centre Corporation and the Ministry of Economic Development, Transport and Trade, will be held from 25 October to 2 November 2026 at Hulhumalé Central Park.
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