German companies share profiles and engage in discussions with Maldivian delegation during Maldives-Germany Business Roundtable, attended by President Muizzu
According to a statement from the President's Office, the investment forum held by President Muizzu with German business leaders successfully resulted in numerous German companies submitting their corporate profiles and engaging in high-level discussions with the Maldivian delegation.
President Participates in Maldives-Germany Business Roundtable | President's Office | Presidents Office
The President's Office has stated that German companies participating in the Maldives-Germany Business Roundtable in Berlin shared their corporate profiles and exchanged ideas with the Maldivian delegation. This engagement took place as part of President Dr. Mohamed Muizzu's ongoing official visit to Germany.
Speaking at the Maldives-Germany Business Roundtable on Tuesday, President Muizzu detailed the Maldives' Vision 2040. He described the initiative as a firm commitment to strengthening the national economy, modernizing institutions, and ensuring that national development prioritizes environmental protection while enhancing the daily lives of all citizens.
In this regard, President Muizzu stated that modernizing financial systems, expanding avenues for foreign exchange, and digitalizing public services are essential steps toward realizing that vision.
Furthermore, President Muizzu noted that the Maldives' official reserves have reached record levels and that foreign currency circulation has been significantly improved. Highlighting the progress made in narrowing the budget deficit, Muizzu emphasized that maintaining fiscal discipline remains a core policy of his administration.
President Muizzu made these remarks at a time when the government has introduced numerous amendments to the state’s financial regulations, establishing a framework that allows major projects to be awarded to preferred parties without a competitive bidding process.
President Muizzu stated that such positive developments have bolstered investor confidence in the Maldives, leading major technology firms like Google to invest in the country to enhance its digital connectivity.
Furthermore, highlighting that energy security and costs remain critical challenges for the Maldives, he noted that the energy transition sector is a key area requiring innovation. President Muizzu stated that projects such as the "Solar City" aim not only to reduce carbon emissions but also to develop affordable, sustainable, and replicable solutions for global economies that rely on island and coastal resources.
The President's Office stated that the President highlighted the significant role played by German investors, tour operators, and financial institutions in bolstering confidence in the Maldivian tourism industry. Furthermore, President Muizzu announced that 2027 has been designated as "Visit Maldives Year" and extended an invitation to German investors to participate in the initiative.
President Muizzu also spoke regarding Project Aila, the sustainable township development initiative launched in Noonu Atoll by the previous administration.
Furthermore, President Muizzu spoke on modernizing and expanding the Maldives' healthcare system by developing specialized services, thereby reducing the necessity for citizens to travel abroad for medical treatment.
In his remarks, President Muizzu highlighted investment opportunities within the financial sector, stating that the Maldives aims to provide a transparent, predictable, and rules-based financial environment that fosters long-term partnerships.
During Tuesday's event, Invest Maldives shared detailed information regarding the country's investment climate and available opportunities. According to the President's Office, the Ministry of Tourism and Environment also provided updates on the respective sectors and ongoing initiatives.
In a statement released by the President's Office, it was highlighted that a key outcome of this major event was the engagement of numerous German companies, which presented their corporate profiles and exchanged ideas with the Maldivian delegation.
The President's Office stated that during the Maldives-Germany Business Roundtable, a Memorandum of Understanding was signed between Visit Maldives and DERTOUR Deutschland GmbH—one of Europe’s leading travel and tourism groups—to collaborate on destination promotion and marketing efforts.
Although the government has held numerous investment forums in various countries to date, it has yet to disclose details regarding any specific investments secured as a result of these events.
