SMEs play crucial role in economy: Vice President

Small and Medium Enterprises (SMEs) play a crucial role and are the backbone of essential economic activities and services, said Vice President Hussain Mohamed Latheef, at the inauguration of the Maldives MSME Awards 2025.

Speaking at the event organised by Business Centre Corporation (BCC) to recognise the achievements of micro, small, and medium enterprises, as well as individual businesses operating across the Maldives, the Vice President said that fostering an innovative economy is a central element of President Dr Mohamed Muizzu's vision for national development.