The Maldives has witnessed a significant boost in investor confidence following recent amendments to its Foreign Investment Act, according to remarks delivered by Foreign Minister Dr Abdulla Khaleel at the Maldives–Singapore Business Forum.

Addressing the forum, the Foreign Minister outlined the Government’s ongoing efforts to modernise the investment framework, noting that the changes have created a more secure and attractive environment for foreign investors. The amended Foreign Investment Act revised for the first time in 45 years, has introduced clearer regulations and legal safeguards aimed at facilitating sustainable investment.

The development of Special Economic Zones (SEZs) was also highlighted as a key element of the Government's investment strategy. These zones are expected to support a range of projects, including those related to construction, data localisation, renewable energy, and the blue economy, with tailored regulatory support to encourage foreign participation.

The Foreign Minister, noting this year marks the golden jubilee of diplomatic ties between Maldives and Singapore, underscored the historical significance of the bilateral relationship and emphasised the potential for deeper economic cooperation in the decades ahead.

Progress in sectors such as trade, tourism, aviation, logistics, and digital services was identified as further evidence of the Maldives’ readiness to welcome international investment. The Ministry credited the legislative reforms and proactive economic policies with enhancing the country’s appeal as an investment destination.