President Mohamed Muizzu has highlighted the Maldives as an emerging destination for global investment, outlining a series of economic reforms aimed at strengthening private sector-led growth.
Delivering the keynote address at the Maldives–Sri Lanka Business Forum in Colombo, Muizzu said the country is entering a new phase of development driven by policy reforms, investor confidence, and long-term strategic planning.
He noted that the government has placed private sector growth at the center of its economic agenda, introducing a modernized Foreign Investment Law and revised entry requirements to improve transparency and predictability for investors.
“These reforms are designed to create a business environment that is open, dynamic, and globally competitive,” the President said, adding that the Maldives is committed to balancing the protection of local industries with the need to attract foreign expertise and capital.
Muizzu also pointed to the introduction of amendments to the Special Economic Zones framework, including provisions for large-scale investments under sustainable township developments, as part of efforts to expand the country’s economic base beyond traditional sectors.
The President highlighted recent developments such as the “Dhivaru” investment by Google as a sign of growing international confidence in the Maldives. He described the project as a turning point that positions the country as a rising digital hub in the Indian Ocean.
The forum, held for the first time in nearly nine years, brought together business leaders, investors, and policymakers from both countries to explore new opportunities for collaboration.
Muizzu said the Maldives is actively seeking partnerships in areas such as infrastructure, sustainable tourism, digital innovation, and food security, emphasizing that the country is ready to build long-term economic relationships that deliver mutual benefits.
