President Dr Mohamed Muizzu attended the Maldives-Singapore Business Forum held this morning in Singapore, marking a key moment in strengthening economic ties between the two nations.

The forum showcased emerging investment opportunities aligned with the Maldives’ Vision 2040, including clean energy, luxury tourism, infrastructure, and the digital economy. President Muizzu presented awards to individuals and businesses from both countries in recognition of achievements over 50 years of commercial partnership.

Three major agreements were signed during the forum. These include a Memorandum of Understanding between the Ministry of Finance and Planning and Singapore Cooperation Enterprise to enhance State-Owned Enterprises through training and consultancy; a Services Agreement with Henley & Partners to launch a Residence by Investment Programme; and an Investment Agreement with APM SPV Pvt. Ltd for the country’s first large-scale floating solar project, advancing Maldives’ renewable energy targets.

Singapore’s Minister for Sustainability and the Environment, Grace Fu, delivered a special address, applauding the trajectory of bilateral cooperation. Cabinet ministers from the Maldives also discussed future collaboration during a high-level panel titled “From Foundation to Future: Exploring Investment Partnerships.”

The event was held as part of President Dr Muizzu’s state visit to Singapore and included sideline sessions reflecting on five decades of trade and cooperation between the Maldives and Singapore.