Maldives government is moving forward with plans to establish mariculture as a key economic sector, aiming to diversify the country’s economy and create new sources of sustainable income.

As part of the initiative, authorities have identified five locations for future mariculture development.

These include areas in Bodu Thiladhunmathi, Raa Atoll, Meemu Atoll, Thaa Atoll, and a lagoon situated about two kilometers from Maaniyaafushi.

Speaking on a television program, State Minister for Fisheries, Agriculture and Ocean Resources Mohamed Muththalib highlighted the encouraging progress already being made in seaweed cultivation, which has emerged as one of the most promising areas within the mariculture sector.

According to the minister, a seaweed farming project in Fehendhoo, Baa Atoll, has expanded rapidly since its launch.

What began with a relatively small cultivation effort has grown into a large-scale operation producing around 63 tonnes of dried seaweed each month.

The harvest is now being exported regularly, demonstrating the commercial potential of the industry.

The government views the project as a successful investment and is working to expand similar initiatives to other parts of the country.

Officials believe mariculture, particularly seaweed farming, could become a major contributor to the economy and generate revenues comparable to traditional fisheries in the future.

Interest in the sector is also growing among investors, with additional proposals for seaweed cultivation currently under review.

To encourage further participation, the government has introduced a dedicated Mariculture Scheme that offers financial support to individuals and businesses interested in entering the industry.

Authorities say the development of mariculture forms part of broader efforts to strengthen the blue economy, create new employment opportunities, and reduce reliance on traditional economic sectors while ensuring the sustainable use of marine resources.