President Dr. Mohamed Muizzu has stated Foreign investments play a pivotal role in realizing the development objectives of the Maldives.
Addressing attendees at the Invest Maldives Forum in Dubai, the President underscored the government's commitment to advancing with the collective involvement of diverse stakeholders, emphasising a robust strategic direction to achieve these objectives.
Recognising the challenges faced by Maldives as an emerging economy and a developing small island nation, the President acknowledged the impediments investors encounter in accessing financial support from the global market. However, he expressed confidence in the government's capability to surmount these challenges and make significant strides in progress.
President Muizzu asserted that Maldives is proactively preparing to rebound from future economic shocks, noting the crucial role of the private sector in the nation's developmental endeavors. The government is keen on fostering partnerships with the private sector on both bilateral and multilateral fronts to bolster the country's growth trajectory.
Highlighting the government's unwavering commitment to creating a conducive business environment in Maldives, the President disclosed the redesign of the Special Economic Zone Framework, streamlining processes and facilitating multi-million dollar investments.