At the Maldives–UK Business Forum held in London, President Dr. Mohamed Muizzu spotlighted renewed economic partnership opportunities, marking 60 years of diplomatic ties and inviting British investment across five strategic sectors.
Strong bilateral foundations
President Muizzu opened by celebrating six decades of Maldives–UK relations, highlighting deep cultural and economic links. More than 180,000 British tourists visited the Maldives in the past year, while sustainable pole-and-line tuna exports to the UK generated over US $20 million annually.
Drawing on his own British education shaping his leadership rooted in sustainability, diversity, and inclusivity, the President urged UK investors to support the Maldives’ transformation into a resilient, future-ready economy.
Growth sectors primed for investment
- Creative Economy: Aiming for 15% GDP contribution by 2030, the government is fostering digital content, gaming, media, and culture. UK creative firms and institutions are invited to establish training collaborations and joint ventures.
- Digital Transformation: With plans to digitise all public services, the Maldives is opening its doors to UK e‑governance and cybersecurity specialists for building a smarter, more efficient state.
- Renewable Energy: Targeting 33% renewable electricity by 2028, up from 4%, the Maldives has issued its first SEZ permit for a 100 MW floating solar project to curb fuel imports. UK clean energy firms in technology, finance, and advisory are welcomed to partner.
- Fisheries & Ocean Innovation: The newly launched “Maldives Fishery” brand reflects the nation’s commitment to sustainable, traceable tuna. The government is expanding mariculture across five regions with modern processing hubs—offering opportunities in marine science, cold-chain logistics, traceability, and eco-packaging.
- Tourism & Infrastructure: Diversifying beyond luxury tourism into wellness, sports, cruise, and halal markets, the Maldives is set to greatly increase capacity. The new Velana International Airport terminal, opening July 26, is projected to significantly expand passenger and cargo throughput.
Enhanced investment climate
To support this vision, President Muizzu highlighted a modernised Foreign Investment Act, streamlining approvals and fortifying investor protections. The reactivation of Special Economic Zones further facilitates sector-specific arrangements. A newly signed MOU with the West London Chambers of Commerce provides an institutional framework for UK–Maldives business collaboration.
Invitation to the future-ready Maldives
In closing, President Muizzu emphasized that this forum is not merely about attracting investments—it’s about forging sustainable, innovative partnerships that will shape the Maldives’ future. He extended a “sincere invitation” to UK enterprises to join this journey of transformation.
