Seychelles is advancing efforts to expand its blue economy as part of a broader strategy to diversify the national economy and promote sustainability, according to Minister for Environment, Climate, Energy and Natural Resources Marie-May Jeremie. The island nation’s economy has long depended on natural resources, particularly through fisheries and tourism, sectors that remain central to its development plans.

Jeremie emphasized the untapped potential within the country’s extensive ocean territory, which spans a 1.4-million-square-kilometre exclusive economic zone (EEZ). “The ocean space holds many untapped areas that could attract investors, research and innovation,” she said, highlighting the importance of balancing economic growth with environmental conservation.

A key initiative supporting this approach is the Marine Spatial Plan, which seeks to harmonize marine conservation efforts with sustainable economic activities. The plan identifies priority sectors and areas with significant growth prospects beyond traditional fisheries and tourism, thereby opening new avenues for investment and innovation within the blue economy framework.

In parallel, Seychelles is developing a supportive policy environment for renewable energy that aligns with the nation’s specific requirements. The government aims to increase renewable energy consumption to 15% by 2030, with a long-term target of 100% by 2050. Achieving these goals involves collaboration with industry stakeholders, investors, and partners from the United Arab Emirates.

Jeremie underlined the government’s commitment to reducing regulatory hurdles for investors. By preparing a clear and enabling policy framework, Seychelles hopes to attract investment and technological advances that will foster sustainable growth within the environmental, energy, and marine sectors.

This integrated approach reflects the country’s strategic priority of sustaining its natural capital while unlocking new economic opportunities, positioning Seychelles as a regional leader in the sustainable management of ocean resources.