Malaysia-Maldives Strengthen Economic Ties, Eye Investment Opportunities

PUTRAJAYA, April 28 (Bernama) -- The Maldives is eager to tap into Malaysia's investment potential, particularly in key growth sectors, according to Maldives President Dr Mohamed Muizzu, who arrived in Malaysia today for a four-day official visit.

Speaking at a joint press conference with Prime Minister Datuk Seri Anwar Ibrahim, Muizzu emphasised the importance of trade and investment as key pillars of the two countries' bilateral relationship.

He also expressed enthusiasm for further economic cooperation between Malaysia and the Maldives.

"Trade and investment remain key pillars of our bilateral relationship. I see immense potential to deepen our economic ties and invite Malaysian investors to explore opportunities in the Maldives, particularly in our special economic zones, business sector, financial services, maritime economy, in addition to the digital economy," he said.

Both leaders will attend the Malaysia-Maldives Business Forum later today, where they are expected to discuss investment prospects and explore collaborative ventures.

The Maldives has emerged as Malaysia's sixth-largest trading partner among South Asian nations. In 2024, Malaysia's total trade with the Maldives grew by 4.3 per cent to reach RM862.7 million (US$189 million), up from RM827.3 million (US$180.9 million) in 2023.

As part of this ongoing economic engagement, both governments are keen on further enhancing trade relations and fostering greater investment in key areas.

-- BERNAMA