Agriculture
Agribusiness in the Maldives has a huge potential for expansion due to the strong demand for high-quality agricultural products in the tourism industry and a general trend toward healthy consumption.
Regarding economic and social welfare value, the agriculture sector’s contribution to livelihood and employment is considerable and essential to the economy. As a result, the government focuses highly on the sector’s growth and development.
To develop the agriculture sector, the government has developed a strategy that includes enhancing agricultural value chains, boosting farmer productivity, expanding agriculture’s contribution to food security and safety, mainstreaming sustainable agriculture practices, improving institutional coordination, and strengthening the sector’s policy and regulatory framework. It also encourages research into alternative technologies.
While most of the agricultural products from the islands are delivered to Male’, where they are marketed to local consumers or hotels and other tourist destinations, a sizable portion of the crop is transferred there instead. They are successfully operating commercial agricultural islands that primarily serve tourists.
Establishing medium-scale production facilities, identifying crops and animals for value addition, creating urban agricultural models for edible crops and aesthetic plants (flowering, medicinal, and aromatic plants), increasing production of traditional crops to ensure communities’ safety in terms of nutrition, and increasing production of chosen crops to achieve self-sufficiency and lower imports are all goals of the government.
Opportunities for Investment in Agriculture in the Maldives
Value addition through post-harvest technologies
A wide range of local produce is harvested in farming islands which has the potential for investments to preserve and add value through post-harvest technologies for processing, packaging, and branding, which offers scalability and supply to new markets at premium rates.
Climate-smart and precision farming technologies
Opportunities are open for partnerships, which can bring in technologies to improve harvests and introduce new and adoptive post-harvest technologies to process local fruits and vegetables such as mango, coconut, papaya, and chili.
Infrastructure development investment in agriculture
Opportunities for investing in the construction of new storage facilities and other market infrastructure along the agricultural value chain would improve profitability, address food safety and hygiene difficulties, and reduce wastage.
Transportation
Due to the terrain of the Maldives, agriculture cannot be developed and sustained as a viable economic activity without a sophisticated transportation system. Investment opportunities exist in developing an “Agri-Boat,” or mobile marketing and haulage ferry service, to connect producers to markets using specially designed transportation vessels.
Commercial poultry and animal farming
Investors have the chance to establish commercial poultry and animal husbandry on a few islands, serving the lucrative travel and tourism industry as well as the quickly expanding local market, which is now supplied by imports.