The Maldives–Singapore Business Forum 2025 officially commenced in Singapore today, attracting more than 200 investors and marking a pivotal moment in Maldives’ efforts to diversify its economy and broaden international partnerships. The event also commemorated the 50th anniversary of diplomatic relations between the two nations.
President Dr Mohamed Muizzu inaugurated the high-level forum, which brought together business leaders, government officials, and international stakeholders. In his keynote address, President Muizzu reiterated his administration’s commitment to reducing the country’s long-standing dependence on tourism by encouraging investment in a broader range of industries including special economic zones (SEZs), fisheries, finance, logistics, and healthcare.
“Our vision is to create a resilient, future-ready economy that is not reliant solely on one sector,” President Muizzu said. “The Maldives is open for investment—diverse, ambitious, and committed to creating mutually beneficial partnerships.”
Singapore’s Minister for Sustainability and the Environment, Grace Fu Hai Yien, attended the event as guest of honour, underscoring the deepening cooperation between the two nations. The forum also featured the participation of Maldivian cabinet ministers and a sizable delegation of investors and business executives from both countries.
This year’s forum placed strong emphasis on unveiling major investment opportunities across various sectors. Key projects presented included:
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Development of the Rasmale’ reclamation project
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Gulhifalhu Port and Urban Development
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Relocation of Malé Commercial Port to Thilafushi
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Laamu Atoll Port and Bunkering Project
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World-Class Theme Park Project
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Yacht Marina Project in Uligamu
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Dedicated Port for Sports Fishing
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Pharmaceutical Manufacturing Facility
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State-of-the-art Cancer Hospital
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Health Sector Digitalization Initiative
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Renewable Energy Projects
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Expansion of Higher Education Infrastructure
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Multiple new tourism ventures
The government used the platform to pitch its long-term development agenda, showcasing projects aligned with its broader vision of economic transformation and infrastructure enhancement.
In addition to highlighting these initiatives, the forum aimed to build strategic alliances with regional and global investors, positioning the Maldives as an attractive destination for sustainable and impactful investments.
The Business Forum serves as part of the Muizzu administration’s wider international outreach strategy to build investor confidence and unlock new economic opportunities across the Maldives archipelago.
As the event concluded, both Maldivian and Singaporean officials reaffirmed their commitment to strengthening bilateral ties and expanding commercial cooperation in the years ahead.
