The Government of Maldives under its economic agenda, has ambitious targets for development of tourism sector, with the target of increasing bed capacity by 35,000 over the next 5 years. This requires huge investment, and as such the Government must play an active role in facilitating capital-market solutions for the private sector. This initiative, aims to expand the role of private sector investment in the economy, as well as providing a platform for international investors to gain a diversified exposure to lucrative opportunities for investment in Maldives tourism.

MFMC is in the process of registering the Maldives Tourism Development Fund (MTDF) with the relevant regulatory measures. Following all formalities, the fund will evaluate and identify investment opportunities in the Maldives tourism sector as per the Investment Policy Statement of the fund. The fund’s investment style will comprise of making direct equity investments in luxury tourist establishments, city hotels, guesthouses, tourist vessels and other commercial, hotel, real property assets in Maldives. Furthermore, this will include greenfield development projects, distressed assets and operating assets, and the fund will make investments in the form of private equity finance, mezzanine financing, and structured debt instruments.

As fund manager, MFMC will be evaluating investment opportunities in the Maldives tourism sector, and may announce a call for expressions of interest for the private sector.

The MIF is initially set to launch multiple sub-funds for infrastructure with a combined AUM of USD 100-250.  The funds will be making direct equity investments and structured debt injections into infrastructure projects in sectors such as transport, road networks, urban infrastructure, water and sewerage, waste management, power (generation, transmission, and distribution), fuel storage and supply, and natural resources. The fund will support private sector infrastructure projects to establish new infrastructure and to develop existing facilities, typically for projects with locked-in long-term revenues or regulatory frameworks.

MFMC is in the process of registering the Maldives Infrastructure Fund with the relevant regulatory measures. Following all formalities, the fund will evaluate and identify investment opportunities in the Maldives tourism sector as per the Investment Policy Statement of the fund. In addition to investment for the fund in the form of equity and/or debt, the fund requires involvement from infrastructure service providers, leading EPC contractors, expert engineers, and proprietary technology holders. The Fund Management Company, fully owned by the Government of Maldives, will be taking on the risk as the General Partner, taking on direct financing for projects, providing structured debt facilities for financial institutions willing to lend for micro, small and medium enterprises engaged in infrastructure projects. The fund will consider Ethical, Social, Governance (ESG) factors in addition to sectoral allocations within the investment decision making process. Moreover, the fund will engage the use of a project management team that will ensure the availability of a Technical Assistance Facility.

As fund manager, MFMC will be evaluating investment opportunities in the Maldives tourism sector, and may announce a call for expressions of interest for the private sector.

The MREF is initially set to launch multiple sub-funds for renewable energy projects with a combined AUM of USD 20-100. The dedicated renewable energy fund will drive investment in renewable energy projects through facilitation of equity and debt for commercially viable projects undertaken by State-owned enterprises, private companies, and local councils.

The fund will be making direct equity investments and structured debt injections into renewable energy projects, with typical investment focus on solar, wind, biomass and hydropower. Due to the high cost of diesel-powered electricity in the Maldives, there is huge potential in terms of reduced fuel consumption and reduced CO2 emissions by investing in solar-powered electricity.