News Desk
LONDON — President Dr. Mohamed Muizzu headlined the Maldives–UK Business Forum in London on Thursday, unveiling a vision for economic partnership as the two nations approach 60 years of diplomatic relations. The eighth in a global series organized by the Ministry of Economic Development and Trade, the forum convened British corporate leaders to explore investment opportunities in the island nation.
In his address, President Muizzu highlighted five strategic sectors: the creative economy, digital transformation, renewable energy, fisheries and ocean innovation, and tourism infrastructure. He emphasized reforms, including a new Foreign Investment Act and reactivated Special Economic Zones, to streamline approvals and enhance investor protections. “The Maldives is positioning itself not only as a destination but as a serious platform for investment, innovation, and impact,” he said, citing political stability and a strategic location between Asia, Africa, and the Middle East.
A highlight was the launch of the “From Maldives” fisheries brand, promoting sustainable, premium seafood for global markets.
The president also noted a 100-megawatt floating solar project and tourism diversification into wellness, sports, and halal tourism, bolstered by the upcoming expansion of Velana International Airport.
A Memorandum of Understanding signed with the West London Chambers of Commerce will facilitate deeper business ties. Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council, praised the Maldives’ “clear and compelling vision” for investors.
Earlier, President Muizzu held a private audience with King Charles III at Windsor Castle, a high point of his UK visit. The meeting, days before the 60th anniversary of Maldives-UK diplomatic relations, underscored shared values and a commitment to addressing global challenges like climate change, with both nations pledging to deepen their historic ties.
The president’s engagements in London reflect a broader push to strengthen bilateral relations rooted in mutual respect and economic collaboration. The UK is a key partner in the Maldives’ tourism and fisheries sectors, with over 180,000 British visitors annually and $20 million in sustainable tuna exports.
President Muizzu, who studied in the UK, cited personal ties to the country, emphasizing shared values of sustainability, diversity, and inclusivity. The Maldives is targeting a creative economy contributing 15% of GDP by 2030, full digitization of public services, and one-third of electricity from renewables by 2028.
These initiatives, paired with infrastructure upgrades and a modernized investment framework, aim to position the Maldives as a hub for innovation and sustainable growth, inviting British businesses to co-create a future-ready economy.
