Saudi delegation arrives in Maldives to advance investment cooperation
A high-level delegation from Saudi Arabia has arrived in the Maldives to explore new avenues for investment and strengthen economic cooperation between the two countries.
The Saudi Arabian Embassy in the Maldives announced the visit in a post on X, noting that the delegation includes Sarah Al-Sayed, Deputy Minister of Investment for International Relations, accompanied by senior government officials and representatives from major private-sector companies.
The Deputy Minister is undertaking a three-day official visit, during which the delegation will meet with Maldivian authorities at various levels to discuss bilateral investment prospects and potential joint ventures.
The talks are expected to focus on expanding collaboration in key sectors and advancing economic partnerships between the Maldives and Saudi Arabia.
Economic engagement between the two nations has been growing steadily. Last year, the Maldives and Saudi Arabia signed a Memorandum of Understanding aimed at enhancing cooperation in trade and investment.
In addition, the Saudi Fund for Development (SFD) has already contributed more than USD 470 million to support development projects across tourism, health, housing, and fisheries.
The visit is anticipated to build further momentum in the strengthening of Maldives–Saudi Arabia economic ties.