Maldives Investment Framework Designed to Boost Investor Confidence, Says Economic Minister
Economic development minister highlights fairness and transparency of Maldives’ investment framework | Photo: Ministry of Economic Development and Trade
The Minister of Economic Development, Mohamed Saeed, has reiterated that the Maldives’ investment framework is fair, transparent and designed to boost investor confidence.
He made the remarks during the Maldives-Germany Business Roundtable held in Berlin as part of President Dr Mohamed Muizzu’s official visit to Germany.
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Minister Saeed highlighted Germany’s role in advancing international trade and reflected on the 60-year bilateral relationship between the Maldives and Germany. Diplomatic ties between the two countries were established in 1966, and relations have progressed constructively since then.
He noted that tourism has been one of the strongest pillars of the bilateral partnership. German companies were among the first to engage in the Maldives’ tourism industry during its early stages of development. In 1984, German tourist arrivals accounted for 20 per cent of total visitors to the Maldives. The minister stated that this close partnership was formed well before the Maldives established itself as one of the world’s leading tourist destinations, and reaffirmed Germany’s role as a key partner in developing tourism as a central driver of the Maldivian economy.
Minister Saeed also outlined ongoing efforts to strengthen and diversify the economy under President Dr Muizzu’s leadership. While tourism growth remains a priority, the government is placing emphasis on sustainable economic diversification. He identified health, banking and financial services, renewable energy, sustainable infrastructure development and talent development as key areas for potential collaboration with German partners.
The minister further stated that the Maldives has modernised its investment framework, with a simplified investment process and strengthened legal protections to safeguard investors’ rights. He said the framework is aligned with internationally recognised best practices and is structured to ensure fairness and transparency while enhancing investor confidence in the country.
