About Us

Maldives Industries Chamber (MIC) will be a non-governmental, non-profit organization that acts as the unified voice of Maldivian industries. The Chamber’s mission is to protect and promote local businesses, support brand sovereignty, regulate foreign participation in business through structured FDI channels, and ensure economic inclusion of Maldivian suppliers across tourism, construction, energy, and retail sectors.

Vision

To establish a resilient, self-reliant, and globally competitive Maldivian business ecosystem, where local entrepreneurs are protected, empowered, and prioritized in national development.

Mission

To safeguard the interests of Maldivian businesses and brands.
To create a fair regulatory framework for foreign investments.
To ensure local suppliers benefit from tourism and development.
To reduce foreign exchange outflow by promoting local procurement.

Core Objectives

Reduce Forex Outflow

Promote import substitution through domestic production and service provision.
Encourage national industries (printing, furniture, construction supplies, packaged foods).

Local Supplier Empowerment

Establish a Local Supplier Certification Program to qualify vendors for resorts, infrastructure, and retail projects.
Connect local producers with B2B platforms and procurement departments of major companies.

Foreign Direct Investment Regulation

Recommend structured guidelines for FDI that ensures joint ventures or local partnerships.
Monitor FDI to prevent monopolization and shadow ownership that undermines locals.

Business Protection & Representation

Lobby for policy frameworks that protect local enterprises from unfair foreign competition.
Establish dispute mediation and legal support services for SMEs.

Brand Protection

Develop a Maldivian Brand Registry to certify and promote locally owned brands.
Collaborate with IP authorities to monitor and prevent brand misappropriation by foreign entities