Singaporean investors have shown strong interest in investment prospects in the Maldives, following a high-level business forum held during President Dr Mohamed Muizzu's official visit, Moosa Zameer, the Minister of Finance and Planning, has said. The Maldives-Singapore Business Forum, attended by more than 200 investors, is being regarded by government officials as a pivotal step in advancing economic relations between the two nations.
Minister Zameer, in comments to PSM News, said investor enthusiasm had been substantial, and voiced confidence in the forum's potential to yield positive outcomes. "Singaporean investors have shown significant interest in the investment opportunities available in the Maldives," Minister Zameer said.
He pointed to Singapore's historical role in supporting Maldivian economic development and observed that several businesses registered in Singapore are already operating locally, including prominent hotels and office facilities. Momentum among prospective investors, he added, is continuing to build.
"The forum provided a platform to inform investors about the efforts of President Dr Mohamed Muizzu to diversify the economy in the Maldives," the minister said. Discussions, he explained, focused on how to leverage existing investments, communicate available services, and navigate the evolving investment environment and facilitation strategies. Minister Zameer described the event as "very successful" and expressed hope that its results would support the president's broader economic ambitions. He also affirmed that the visit to Singapore would help consolidate trade and commercial ties.
"There are Singaporean investors, and businesses registered in Singapore are operating in the Maldives, including large hotels and offices," Minister Zameer elaborated. "Utilising this opportunity, information was provided regarding the efforts of President Dr Mohamed Muizzu to diversify the economy in the Maldives. Many investors also met with the president and government representatives to obtain information about the services available in the Maldives, the evolving situation, and measures being taken to facilitate investors."
Minister of Homeland Security and Technology Ali Ihusaan echoed that assessment, noting the attention Singaporean investors are paying to initiatives highlighted by President Muizzu. "Singapore has had a strong 50-year relationship with Maldives, and Singaporean investors have a large share in Maldives' development path, especially in the tourism industry," Minister Ihusaan said. He added that Singapore remains a model of development for the Maldives, and conveyed expectations for investor engagement in priority projects with meaningful impact.
"Singaporean investors come from a nation whose developmental progress we consistently learn lessons from. The hope is that Singaporean investors will invest in the projects we wish to see, and these projects will quickly achieve success for us, bringing their sweet benefits to the Maldivian people," Minister Ihusaan noted.
The forum underscored the government's strategy to expand international economic collaboration. Investment opportunities presented during the event centred on sectors vital to the country's goal of attaining developed nation status by 2040, including clean energy, premium tourism, infrastructure, and the digital economy.