His Excellency President Dr Mohamed Muizzu attended the Maldives–Germany Business Roundtable held in Berlin, Germany, as part of his ongoing Official Visit to Germany.
The President was received by Dr Volker Treier, Head of Foreign Trade and Member of the Executive Board of the German Chambers of Industry and Commerce (DIHK), and Mr Günther Mull, CEO of DERMALOG Identification Systems GmbH.
Speaking at the event, the President expressed his pleasure at engaging with German business leaders whose work has contributed to shaping the global business environment and creating long-term value.
President Dr Muizzu highlighted the Maldives’ Vision 2040, describing it as a commitment to strengthening the Maldivian economy, modernising institutions, and ensuring that growth improves the daily lives of people while protecting the environment. He highlighted modernising financial systems, improving access to foreign exchange, and digitalising public services as key steps towards achieving this vision. The President further noted that official reserves in the Maldives have reached a historic high, improving foreign exchange circulation. He added that maintaining fiscal discipline remains a core policy objective, and outlined progress made in reducing the budget deficit. With these positive developments, he noted that investor confidence has risen substantially, with major technology companies such as Google investing in strengthening the Maldives’ digital connectivity.
The President highlighted the energy transition as another area requiring innovation, given that energy security and energy costs pose critical challenges to the Maldives. He noted that initiatives such as Project Solar City are not only focused on decarbonisation, but are also aimed at creating resilient, affordable, and replicable solutions for island and coastal economies worldwide. In this regard, he noted that the Maldives serves as a testing ground for practical and scalable solutions.
President Dr Muizzu also reflected on the significant contributions of German investors, tour operators, and financial institutions in strengthening confidence in the tourism sector. He noted that 2027 has been designated as Visit Maldives Year and invited German investors to take part in this endeavour. He also invited investors to explore initiatives that go beyond conventional models, such as the sustainable township project, Project Ayla, which was recently commenced.
Additionally, the President spoke about expanding and modernising healthcare by developing specialised services and reducing the need for outbound care, noting that German expertise in these areas aligns well with the Maldives’ priorities.
Further noting banking and financial services as another area for potential investment, the President emphasised that the Maldives aims to provide a transparent, predictable, and rules-based environment that supports long-term partnerships.
Concluding his remarks, the President stated that Germany is a natural partner in the Maldives’ development journey, given Germany’s strength in bringing together experience, technology, and shared interests.
Invest Maldives presented an overview of the investment environment in the Maldives and opportunities available to interested parties. This was followed by a presentation by the Ministry of Tourism and Environment highlighting various initiatives in the tourism and environmental sectors. A number of German businesses presented company briefs, followed by comments from members of the Maldivian delegation.
The roundtable concluded with the signing of a Memorandum of Understanding on cooperation in destination promotion and marketing between Visit Maldives and DERTOUR Deutschland GmbH, one of Europe’s leading travel and tourism groups.