ANNOUNCEMENT 13 Jun 2021

Maldives has increased the FDI limit for companies operating and managing airports from 75% to 100%.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

The Times of Addu - FDI policy amendment allows foreign companies to operate airports in Maldives
https://timesofaddu.com/2021/06/13/fdi-policy-amendment-allows-foreign-companies-to-operate-airports-in-maldives/

Avas Online - New amendments to FDI policy allow foreign companies to operate airports
https://avas.mv/en/101808

FDI policy amendment does not allow operation of air traffic by a private investor, foreign or local: Minister
https://raajje.mv/101772

Tweet by the Minister of Economic Development
https://twitter.com/faya_i/status/1404337018646056961

Foreign investment policy amended to allow foreign companies to run airports
https://en.sun.mv/67229

Inception date: 13 Jun 2021 | Removal date: open ended

FDI: Entry and ownership rule

On 13 June 2021, Maldives notified an amendment to the FDI policy increasing the limit for foreign direct investment (FDI) for companies operating and managing airports in Maldives. The amendment now allows 100% foreign-owned companies to operate and manage airports in the Maldives, as opposed to 75% earlier. The companies can also operate runway and passenger terminals, ground services, and airfield services. However, freight services will continue to have a 75% limit.

Update

On 14 June 2021, the Minister of Economic Development of Maldives tweeted "Recent amendment to Foreign Direct Investment does not allow operation of air traffic by a private investor whether foreign or local. In any airport in the Maldives this will be conducted by the State. To remove any misunderstanding will be changing the wording to reflect clearly".

 

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