The government is to form a creative economy in the Maldives.

This was announced by the President’s Office on Tuesday.

President Dr. Mohamed Muizzu decided to form a creative economy in the archipelago nation following a meeting with his cabinet of ministers on Sunday.

The cabinet meeting saw extensive deliberations held on a paper presented by the Ministry of Economic Development and Trade.

The decision of the president entails the formation of a National Creative Economic Committee and a strategic plan to guide its vision, based on recommendations by his cabinet.

The plan includes incorporating creative skills into the school curriculum, launching an International Arts School faculty and a regional production house as well as creating a fund to support entrepreneurs in the technical and innovation sectors.

Managed by the Business Centre Corporation (BCC), the fund will pave the way for financing and incubation services to those who contribute to the creative economy.

The creative economy also involves a national master plan outlining the infrastructure needed for future cities that incorporate innovation hubs and technology parks into their design.