Maldivians to Become Resort Shareholders, With USD Dividends Paid Directly to Citizens
8 ސެޕްޓެމްބަރު 2026 | އަންގާރަ 08:58The President has announced a government initiative to make every Maldivian citizen a resort shareholder by developing 10 resorts that will deposit profits directly into citizens' accounts in US dollars. While the administration aims to have these properties operational within the next three years, public confidence remains low as many believe the government is struggling to effectively manage the national economy.
The project to make every Maldivian a resort shareholder is set to launch in November; once finalized, dividends will be deposited directly into individual accounts in US dollars. | raajje tv
President Dr. Mohamed Muizzu has announced that the project to make all Maldivian citizens resort shareholders will be launched this November.
The President stated that upon the completion of this project, funds in US dollars will be deposited into the account of every Maldivian citizen.
During a press conference held on Monday, President Muizzu stated that the tourism sector should not be monopolized by a select few. The President announced plans to develop ten resorts where all Maldivian citizens will be designated as shareholders, establishing a system that ensures the public directly benefits from foreign currency earnings.
The President noted that this initiative was previously announced during the Presidential Address. He further stated that locations, including land, lagoons, and islands from Male' Atoll and various other atolls, are being designated for the development of ten resorts under this project, with the selection process expected to be finalized within this week.
The President stated that certain components of the project are scheduled to commence within November. He further expressed his expectation that these resorts will be operational within three years.
The President stated that the ultimate goal of this project is to ensure that every Maldivian citizen becomes a shareholder in the tourism industry. He further noted that once these resorts are operational, every citizen will receive dividends deposited directly into their accounts in US dollars.
Despite the President's assertions, many are mocking his remarks, claiming the administration has failed in its economic management. Numerous social media users have expressed their skepticism, posting sharp criticisms of the government's policies.
