Muizzu Announces Masterplan for AI in Economic Development

President Dr Mohamed Muizzu has revealed plans to develop a masterplan for the application of artificial intelligence (AI) to enhance economic growth, following recommendations from his cabinet. 

This decision was made during a cabinet meeting on Wednesday. According to a statement from the President’s Office, the masterplan will focus on risk management related to AI utilisation and the establishment of a legal framework governing AI technology.

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Once the masterplan is developed, relevant documentation will be presented to the cabinet by the Ministry of Homeland Security and Technology, alongside the Ministry of Economic Development and Trade.

In a separate event at the 79th United Nations General Assembly, President Muizzu emphasised the Maldives’ commitment to fostering a digital economy. He noted that efforts are currently underway to leverage AI as a means to boost productivity in various sectors.