The Mohamed Muizzu administration has announced plans to organise special forums aimed at attracting foreign investments to bolster the country’s tourism sector.
Tourism Minister Ibrahim Faisal, in a recent television interview, disclosed the government’s strategy to spotlight the lucrative investment opportunities within the tourism sector. This announcement comes as the latest in a series of efforts by the Muizzu administration to enhance foreign investment inflows, particularly targeting the country’s tourism industry.
The proposed investment forum will be the first of its kind, exclusively focused on the tourism industry, Minister Faisal said. Previously, the government hosted two investment forums in China and Thailand to showcase investment opportunities across all sectors and industries in the Maldives.
The decision to host the upcoming tourism-specific forum in Thailand will be finalised following discussions with President Muizzu, according to Faisal. The minister also hinted at plans to hold similar forums in other countries, including Singapore and United Arab Emirates.
This year, the government has already opened opportunities to lease nine islands for tourism development. This move has reportedly attracted a considerable number of proposals from foreign investors, according to local media reports.