President Dr Mohamed Muizzu has renamed the Greater Malé Financial District Limited as Maldives Economic Gateway Development Limited.
The change was formalised through Presidential Decree Number 6/2026, published in the Government Gazette.
The company was established in 2025 as a wholly state-owned enterprise. It was originally mandated to transform the Maldives into an international financial hub and to drive sustainable economic growth.
Its work includes developing financial services initiatives such as digital finance and digital banking, as well as digital real estate and financial tourism.
The renaming follows a resolution by the company’s Board of Directors to realign its corporate identity with expanded strategic objectives.
According to the decree, the new identity reflects a broader focus on enhancing national productivity and advancing the country’s financial services industry, particularly in digital financial services and related sectors and with the aim of positioning the Maldives as a leading international financial services centre.
The Presidential Decree also highlights the company’s role in managing and coordinating development of the Ihavandhippolhu region in Haa Alif Atoll.
The project is designed to capitalise on the Maldives’ strategic geographic location and forms part of the administration’s long-term economic vision.