Latest news in Maldives? September 25th, 2026
25-09-2026
Key developments in the Maldives around late September 2026:
Massive Ras Malé Development Deal: The Maldivian government signed an agreement with Abu Dhabi-based developer Eagle Hills to construct the “Maldives Waterfront and Marina” on reclaimed land at Ras Malé. Envisioned as a multi-billion-dollar project spanning hundreds of hectares, it aims to create international hospitality facilities, residences, and marina infrastructure, though it has drawn criticism and scrutiny from opposition figures over deal terms and leasehold frameworks.
Tourism Industry Pushback on Tax and Forex Policies: Tourism and resort operators have voiced strong concerns regarding new fiscal regulations, including a 17% Tourism Goods and Services Tax (TGST) on inbound travel packages handled by foreign operators taking effect on October 1. This follows a mandate requiring resorts to convert 40% of foreign currency revenues into Maldivian Rufiyaa, prompting industry warnings over margins and international competitiveness.
Diplomatic Moves at the UN General Assembly: While attending the UN General Assembly in New York, Maldivian foreign delegates signed a mutual visa-free travel agreement with Belarus alongside several bilateral cooperation arrangements.
Addu Infrastructure Upgrades: A contract was awarded to a Chinese firm to redevelop and upgrade the 12.3-kilometer Addu Link Road from the Detour Bridge to Hithadhoo Stadium, part of broader regional infrastructure initiatives across the southern atolls.