All-sector investments welcome in Maldives: President

Maldives ensures an amicable investment environment in every economic sector, says President Dr. Mohamed Muizzu, who added investing in the Maldives will reap significant rewards.

President Muizzu made the remarks at the India-Maldives Business Forum in New Delhi on Monday, during his ongoing state visit to India.

While speaking at the forum, President Muizzu unveiled his administration's agenda for economic transformation, focus on diversifying beyond tourism into other industries including financial services, maritime industries, and digital economy.

Muizzu highlighted the development of Ras Male', an eco-city project aimed at transforming the Maldivian metropolis, is one such key initiative.

He also emphasized the partnership between the Maldives and India and outlined the opportunities for future collaboration. He also recognized India's support to the Maldives' economic growth and stressed the importance of private sector investments.

President Muizzu also highlighted the economic reforms initiated under the current administration, including a new Foreign Investment Law and plans to launch the Maldives International Financial Center in 2025.

He further announced the imminent operation of the first Development Bank of Maldives.

While speaking at the forum, President Muizzu also emphasized the importance of digital growth aiming to increase the digital economy's share of GDP to 15 percent by 2030.

He noted these significant steps will boost the Maldives economy, while expanding the benefits to investors.

President Muizzu is currently in India for an official visit on the invitation of Indian President Droupadi Murmu. On Monday, Muizzu met with Indian Prime Minister Narendra Modi for high level talks as well.