Maldives Halts 29 Foreign Businesses, Transfers Shares of 17 Companies to Maldivians

Maldives Halts 29 Foreign Businesses, Transfers Shares of 17 Companies to Maldivians

Economy ·
The Maldives government has taken action to create opportunities for Maldivians by halting 29 foreign businesses and transferring shares of 17 companies to Maldivian nationals, according to a statement issued two weeks ago. The move is part of ongoing efforts to prioritize local ownership and economic participation.