In a significant move to bolster economic ties, Maldives President Dr. Mohamed Muizzu extended a compelling invitation to Malaysian businesses to invest in the Maldives, emphasizing the nation’s strategic plans for development by 2040.
Speaking at the Maldives-Malaysia Business Forum 2025, President Muizzu highlighted the Maldives’ commitment to enhancing the quality of life, strengthening institutions, and unlocking the full potential of its islands. He underscored the importance of partnerships that leverage the strengths of both nations to achieve shared prosperity.
“The priorities we pledged to the people from the very beginning are of utmost importance to me — to improve the quality of life, strengthen our institutions, and unlock the full potential of our islands,” President Muizzu stated.
The President showcased the Maldives’ revitalized Special Economic Zones (SEZs), offering attractive incentives for forward-looking investors. These incentives include exemptions from business profit tax, goods and services tax, and withholding tax for up to 10 years, as well as relief on import duties for capital goods . He assured potential partners that the Maldives is committed to building strong, trusted, and mutually beneficial relationships.
Highlighting the strategic advantages of the Maldives, President Muizzu pointed to its prime location along key shipping routes, making it an ideal hub for maritime and logistics investments. He also emphasized the ongoing strength of the Maldives’ world-renowned tourism sector, noting substantial opportunities for investment in hospitality and eco-tourism.
In his remarks, President Muizzu extended a heartfelt invitation to Malaysian businesses, stating, “We are ready to welcome you to the Maldives—not just as visitors, but as partners in our shared future and prosperity.”
The Maldives–Malaysia Business Forum marks a significant step in deepening economic ties between the two countries. President Muizzu’s address set a hopeful and ambitious tone for future collaboration, aligning with Malaysia’s interest in expanding cooperation in areas such as trade, digital innovation, and environmental sustainability .
With bilateral trade between the two nations reaching RM862.7 million in 2024, a 4.3% increase from the previous year , the forum serves as a platform to further enhance economic relations.
As the Maldives charts its course toward becoming a fully developed nation by 2040, partnerships with countries like Malaysia are poised to play a pivotal role in realizing this vision.
