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Blue EconomyAddressing Inclusivity, and Sustainability in Economic
Development
Policy Priority Areas
• Diversified and inclusive economy
• Enhancing connectivity
• Renewable energy
• Resilient infrastructure and sustainable environment
Diversified and Inclusive Economy
Diversified and Inclusive Economy
Diversification of Key Economic Sectors
• Tourism: Local tourism
• Fisheries: Tapping into aquaculture commodities such as mariculture, increase value addition in tuna fisheries.
• Agriculture: Facilitating market access for local producers, import substitution.
• Setting up Maldives Marine Research Institute.
Diversified and Inclusive Economy
Tapping in to new industries: ICT
• Upgrading digital infrastructure network
• Modernizing Government services through a digital first policy
• Developing a digital-ready workforce
• Proposed projects: STEM education center
Establishment of an IT park
National Data Centre
Setting up government owned fibre network
Diversified and Inclusive Economy
Fostering entrepreneurship growth and trade
• SME Development Financing Corporation
• SME Industrial park
• Maldives Fund Management Company
• SME Office complex
Diversified and Inclusive Economy
Generating jobs
• Establishment of job centers
• Employment web portal for skill matching
• Increase women participation in workforce
• Skill development
Enhancing Connectivity
Enhancing Connectivity
• Maritime and air-transport connectivity
• Establish an environmentally friendly land transportation system for the Greater Male region
• Commercial harbor relocation.
Enhancing Connectivity
Digital economy and e-Governance• ICT Governance
• Digital-ready workforce
• National Single Window
• National Data Centre
• National Help Desk
Renewable Energy
Renewable Energy
• Reduce dependence on fossil fuels
• Investment in renewable energy sources• 70% of daytime peak load through renewable energy
sources
• Proposed projects: Install Solar PV- hybrid systems in 100 inhabited islands
• Strengthen the regulatory framework : conducive feed-in- tariff and net metering mechanisms
Resilient Infrastructure and Sustainable
Environment
Resilient Infrastructure
Solid Waste Management
• Reduce, Reuse, Recycle – waste will become avaluable resource
• Regional waste management centers
• Local transport network to move waste fromlocal communities to regional waste centers
• Proposed Project: Huvadhoo Atoll WasteManagement System
• Minimising the use single use plastics
Resilient Infrastructure
Water, Sanitation and Sewerage
• Upgrading water supply distribution network
• Establish rainwater harvesting mechanisms and storage facilities
• Formulate the first Water and Sewerage Act
• Proposed project: Setting up water supply and sewerage systems in 28 islands.
Sustainable Management of the Environment
Climate resilience
• Preserve natural flood protection systems such as mangroves and coastal ridges.
• Integrated coastal zone management
• Emergency preparedness and response system
Sustainable Management of the Environment
• Sub headings
Sustainable Management of the Environment
• Sub headings
Sustainable Management of the Environment
Preserve biodiversity
• Protected areas in all administrative atolls
• Strengthening the Environment Protection Agency
• Strengthen research capacity for evidence based policy making
• Nationwide reef rehabilitation and restoration programme
Thank you!