President Dr Mohamed Muizzu has said that steady progress in reducing the Maldives’ budget deficit has significantly strengthened investor confidence, reinforcing the country’s appeal as a reliable and forward-looking investment destination.
The remarks were made during the Maldives–Germany Business Roundtable held in Berlin, a key engagement of the President’s ongoing official visit to Germany aimed at deepening economic cooperation and attracting long-term investment.
Upon arrival at the venue, President Muizzu was received by Dr Volker Treier, Board Member and Head of Foreign Trade at the German Chamber of Industry and Commerce, and Günther Mull, Chief Executive Officer of Dermalog Identification Systems GmbH.
The roundtable brought together senior German business leaders and policymakers, focusing on the Maldives’ economic reform agenda, fiscal discipline, and emerging investment opportunities. Discussions highlighted the government’s efforts to modernize financial systems, strengthen foreign exchange mechanisms, and accelerate digitalisation across public services as part of the long-term “Maldives 2040” development vision.
Officials noted that the Maldives’ official reserves have reached record levels, alongside increased foreign currency circulation, reflecting improved macroeconomic stability. The narrowing of the budget deficit was highlighted as a core policy priority, with these developments contributing to rising investor trust and renewed international interest, including investments by major global technology firms to enhance the country’s digital connectivity.
Energy security and affordability also featured prominently during the engagement, with the government positioning the energy transition as a catalyst for innovation and productivity. Flagship initiatives such as the Solar City project were presented as scalable, climate-smart solutions designed not only to reduce emissions but also to serve as practical models for island and coastal economies worldwide.
The roundtable further acknowledged the long-standing role of German investors, tour operators, and financial institutions in strengthening confidence in the Maldivian tourism sector. In this context, German businesses were encouraged to explore participation in Visit Maldives Year 2027, alongside new investment avenues such as Project Aila, a recently launched sustainable township development.
Healthcare development was identified as another priority growth sector, with emphasis on expanding specialised medical services domestically to reduce outbound medical travel. Officials highlighted strong alignment between German expertise and Maldivian objectives in healthcare infrastructure and services.
The engagement concluded with a series of technical presentations by Invest Maldives, the Ministry of Tourism, and the Ministry of Climate Change, Environment and Energy, outlining investment frameworks, policy incentives, and sector-specific opportunities. German companies also presented their profiles and held direct discussions with the Maldivian delegation.
A key outcome of the roundtable was the signing of a Memorandum of Understanding between Visit Maldives and DERTOUR Deutschland GmbH, formalising cooperation on destination promotion and marketing. Officials said the agreement reflects growing confidence in the Maldives’ tourism sector and the broader momentum in Maldives–Germany economic relations.
