blue economy - mpf.gov.mv

Blue EconomyAddressing Inclusivity, and Sustainability in Economic

Development

Policy Priority Areas

• Diversified and inclusive economy

• Enhancing connectivity

• Renewable energy

• Resilient infrastructure and sustainable environment

Diversified and Inclusive Economy


Diversification of Key Economic Sectors

• Tourism: Local tourism

• Fisheries: Tapping into aquaculture commodities such as mariculture, increase value addition in tuna fisheries.

• Agriculture: Facilitating market access for local producers, import substitution.

• Setting up Maldives Marine Research Institute.


Tapping in to new industries: ICT

• Upgrading digital infrastructure network

• Modernizing Government services through a digital first policy

• Developing a digital-ready workforce

• Proposed projects: STEM education center

Establishment of an IT park

National Data Centre

Setting up government owned fibre network


Fostering entrepreneurship growth and trade

• SME Development Financing Corporation

• SME Industrial park

• Maldives Fund Management Company

• SME Office complex


Generating jobs

• Establishment of job centers

• Employment web portal for skill matching

• Increase women participation in workforce

• Skill development

Enhancing Connectivity


• Maritime and air-transport connectivity

• Establish an environmentally friendly land transportation system for the Greater Male region

• Commercial harbor relocation.


Digital economy and e-Governance• ICT Governance

• Digital-ready workforce

• National Single Window

• National Data Centre

• National Help Desk

Renewable Energy

Renewable Energy

• Reduce dependence on fossil fuels

• Investment in renewable energy sources• 70% of daytime peak load through renewable energy

sources

• Proposed projects: Install Solar PV- hybrid systems in 100 inhabited islands

• Strengthen the regulatory framework : conducive feed-in- tariff and net metering mechanisms

Resilient Infrastructure and Sustainable

Environment

Resilient Infrastructure

Solid Waste Management

• Reduce, Reuse, Recycle – waste will become avaluable resource

• Regional waste management centers

• Local transport network to move waste fromlocal communities to regional waste centers

• Proposed Project: Huvadhoo Atoll WasteManagement System

• Minimising the use single use plastics

Resilient Infrastructure

Water, Sanitation and Sewerage

• Upgrading water supply distribution network

• Establish rainwater harvesting mechanisms and storage facilities

• Formulate the first Water and Sewerage Act

• Proposed project: Setting up water supply and sewerage systems in 28 islands.

Sustainable Management of the Environment

Climate resilience

• Preserve natural flood protection systems such as mangroves and coastal ridges.

• Integrated coastal zone management

• Emergency preparedness and response system


• Sub headings


Preserve biodiversity

• Protected areas in all administrative atolls

• Strengthening the Environment Protection Agency

• Strengthen research capacity for evidence based policy making

• Nationwide reef rehabilitation and restoration programme

Thank you!

blue economy - mpf.gov.mv

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