President Dr Mohamed Muizzu has amended Presidential Decree No. 2025/6, significantly increasing the minimum investment threshold for strategic development projects deemed essential to safeguarding the independence, sovereignty, and peace of the Maldives. The new threshold has been raised from USD 15 million to USD 100 million.
The amendment, publicised on Tuesday, marks the second revision to Article 13 of the decree. It follows a previous adjustment announced on 21st March this year. The revised decree was issued under the Tourism Act, which regulates investment levels for projects undertaken under specific economic and social policies that aim to serve the broader interests of the State.
According to the President’s Office, the updated decree lays out a schedule of 25 designated projects that fall within this category. These projects include key infrastructure developments such as airport expansions, coastal tourism facilities, land reclamation efforts, causeway construction, and large-scale social housing programmes.
Among the projects highlighted are the Asseyri tourism developments in Laamu Gan and Addu City. The decree also approves the reclamation of 15 hectares of land from the K. Giraavaru lagoon for the ‘Hope Island’ project, which seeks to provide care and services for at-risk children. In the same lagoon, a further 30 hectares have been allocated for the construction of a new Central Prison Complex.
The amendment places further emphasis on national security infrastructure and housing needs, with large-scale reclamation works planned in Rasmale’, Gulhifalhu, Giraavarufalhu, and Uthuru Thila Falhu.
The increased investment threshold reflects the administration’s prioritisation of high-impact projects, as well as its intention to streamline large-scale investments that align with national development goals.
