The Ministry of Economic Development, in collaboration with the Business Centre Corporation (BCC), officially inaugurated the second phase of the Small and Medium Enterprise (SME) Hub yesterday.
Initiated to offer economical business spaces, the SME Hub focuses on elevating businesses by connecting them to both local and international markets. The first phase saw the establishment of 19 kiosks specialising in food alongside a dedicated bookstall.
State Minister Neeza Imad officially opened the @SMEhub_mv 2nd Floor which includes arts & craft kiosks, salon, gaming arcade & cinema – reaffirming government's commitment to empowering MSMEs
— Economy & Trade (@MoEDmv) September 5, 2023
Initiative by: @MoED
Managed by: @BCC_mv
Development partner: @WorldBank pic.twitter.com/llrOdA08Rl
This recent development in the hub now includes five stalls dedicated to arts and crafts, four catering to garment products, and a unique daily-use pop-up stall. Additionally, an art gallery has been introduced, providing a platform for local artists and painters to showcase their talent.
The second phase also features a gaming room targeting the youth and a specially designed “kids’ play” area. A cinema with a capacity of 25 people will also be opened.
To boost the Maldivian economy, plans are in motion to introduce similar hubs in key cities including Male’ City, Kulhudhuffushi City, and Addu City.
