Economic Minister Outlines Key Reforms to Drive Vision 2040

Minister of Economic Development and Trade Mohamed Saeed has underscored two major policy initiatives as pivotal steps toward realizing President Dr. Mohamed Muizzu’s Vision 2040. Speaking at the 12th Business Council, the minister briefed local businesses on the government’s transition plan to implement the newly approved Foreign Investment Policy and the Maldives’ forthcoming accession to the Berne Convention for intellectual property protection.

According to Saeed, the reforms are designed to create a stronger business environment and ensure that Maldives can fully tap into opportunities in the global economy. He emphasized that these measures directly align with President Muizzu’s long-term vision of elevating Maldives to developed nation status, while also targeting a 15 percent GDP contribution from the creative economy by 2030.

The Foreign Investment Policy, recently endorsed by the Cabinet, is expected to simplify procedures for investors, enhance regulatory clarity, and attract diversified foreign capital. Meanwhile, joining the Berne Convention marks a significant step in safeguarding the rights of creators and innovators, fostering growth in sectors such as arts, media, and technology.

The minister highlighted that these “foundational reforms” will play a central role in building investor confidence and advancing the country’s economic diversification agenda. Businesses present at the council were urged to prepare for the upcoming changes and seize the opportunities that would emerge from a more secure and open investment climate.

The 12th Business Council, organized by the Ministry of Economic Development and Trade, serves as a regular platform for dialogue between the government and private sector stakeholders on policies shaping the Maldives’ economic future.