An island resort in the MaldivesDiamonds Thudufushi Beach & Water Villas, a luxury resort on Thudufushi, Ari Atoll in May 2017Tourism Zone
Tourism is the largest economic industry in the Maldives, as it plays an important role in earning foreign exchange revenues and employing 25,000 people in the tertiary sector of the country. The archipelago of the Maldives is the main source of attraction to many tourists visiting the island country. Chinese entrepreneurs have been swiftly amassing assets connected to the tourism sector in the Maldives. Given that tourism is the primary economic driver in the Maldives, this trend is affording the Chinese substantial influence over the nation's economy.[1]
The tourism industry is especially vulnerable to climate change: as one of the island nations expected to be most impacted by climate change, sea level rise and subsequent increased extreme weather, coastal flooding, and coral bleaching damage the natural attractions that bring many of the tourists to the country. During the tenure of former President Yameen, the Maldives' indebtedness to China escalated to an amount equivalent to one-fifth of the nation's GDP. Concurrently, China assumed a pivotal role in the tourism sector, a crucial component of the Maldivian economy. [2] The Maldives is currently facing mounting pressure to fulfill its international debt obligations to China, exacerbated by an economic downturn resulting from the COVID-19 pandemic. This crisis has severely impacted the country's tourism sector, which serves as its primary source of foreign exchange earnings, supporting a population of 400,000 residing on 198 of its 1,190 islands.[3]
^"Maldives: The Latest Victim of Chinese Debt Diplomacy". managementstudyguide.com. Archived from the original on 25 September 2023. Retrieved 23 September 2023.
^"China's sustained influence in the Maldives". Archived from the original on 30 June 2023. Retrieved 17 August 2023.
^"Maldives' Chinese debt and political risk could lead to trouble in paradise". Reuters. 18 September 2018. Archived from the original on 16 October 2023. Retrieved 23 September 2023.
and 24 Related for: Tourism in the Maldives information
Tourism is the largest economic industry intheMaldives, as it plays an important role in earning foreign exchange revenues and employing 25,000 people...
TheMaldives, officially the Republic of Maldives, and historically known as Maldive Islands, is a country and archipelagic state in South Asia in the...
a major issue for theMaldives. As an archipelago of low-lying islands and atolls inthe Indian Ocean, the existence of theMaldives is severely threatened...
Elections intheMaldives gives information on election and election results intheMaldives. Maldives elects on national level a head of state, the president...
TheMaldives, officially the Republic of Maldives, is a small archipelagic state in South Asia. It lies inthe Indian Ocean southwest of Sri Lanka and...
In ancient times, Maldives were renowned for cowries, coir rope, dried tuna fish (Maldive fish), ambergris (maavaharu) and coco de mer (tavakkaashi)....
its name on 15 February 2011. Maldives National University was established on 1 October 1998 by the government of Maldives. Though what is today known as...
The history of theMaldives is intertwined with the history of the broader Indian subcontinent and the surrounding regions, comprising the areas of South...
as the deputy leader of the Progressive Party of Maldives (PPM). "Ibrahim Faisal Appointed Tourism Minister of theMaldives". Travel Trade Maldives. 18...
TheMaldives Marketing and Public Relations Corporation (MMPRC) scandal was a major corruption scandal intheMaldives. Inthe scheme, more than $90 million...
Industries intheMaldives center around fishing and tourism, with some overlap between the two with recreational fishing. Since prehistory, the method of...
The following lists events that happened during 2024 intheMaldives. President: Mohamed Muizzu Vice President: Hussain Mohamed Latheef 3 January: Private...
laundering investigation into former Maldives President Abdulla Yameen and former MaldivesTourism Minister Ahmed Adeeb. The Soneva Kiri Resort, a privately...
and the efficiency of the economy. TheMaldives are a popular vacation spot for couples, families, and anyone looking for a tropical getaway. Tourism is...
The politics of theMaldives take place inthe framework of a presidential representative democratic republic, whereby the President is the Head of Government...
Industries inMaldives Economic aid to MaldivesTourismintheMaldives Economy of theMaldives This article incorporates public domain text form the Library...
TheMaldives has remained an independent nation throughout its recorded history, save for a brief spell of Portuguese occupation inthe mid-16th century...
Affairs of Maldives. Earlier, He served as Minister of Tourism of Maldives from 28 October 2015 to 11 November 2019. He served as the chairman of the Social...
chain founded inMaldivesin 1995 by Sonu Shivdasani OBE and his wife Eva Malmström Shivdasani. Soneva started as a resort brand under the company Six Senses...
which is inthe public domain. "Child Prostitution intheMaldives - Havocscope". Havocscope. 24 June 2013. Retrieved 27 January 2018. "Maldives overturns...
Bhutan, Maldives, and Nepal do not require a travel visa to enter India. Citizens of Afghanistan, Argentina, Bangladesh, DPR Korea, Jamaica, Maldives, Mauritius...
against intheMaldives. Maldivian law criminalizes homosexuality and prescribes criminal penalties for same-sex sexual conduct and relationships. The Penal...
Global Information
