China funds infrastructure in Maldives amidst strengthened ties
ECONOMY & POLICY

China funds infrastructure in Maldives amidst strengthened ties

China reaffirmed its commitment to finance infrastructure projects in the Maldives, following an upgrade in diplomatic relations with the strategically located Indian Ocean archipelago. Amidst the competition for influence between Beijing and New Delhi, Maldives President Mohamed Muizzu, elected in September, pledged to strengthen ties with China and remove Indian troops.

During his inaugural state visit to China, the Maldives' primary external creditor, President Muizzu and Chinese leaders reached a "broad consensus," as outlined in a joint communique issued. The statement, broadcasted on China's state television CCTV, outlined China's commitment to provide support in key areas, including infrastructure construction, medical care, health care, improvement of people's livelihoods, new energy sources, agriculture, and marine environmental protection.

Expressing gratitude for China's "selfless assistance" in providing development funds to the Maldives, President Muizzu acknowledged Beijing's crucial role in the country's economic success and infrastructure development. The joint communique followed a meeting between President Muizzu and Chinese President Xi Jinping, during which Beijing declared the "elevation of bilateral ties."

President Xi emphasised that, under the new circumstances, China-Maldives relations had a historic opportunity to build on past achievements. He expressed China's respect and support for the Maldives in exploring a development path suited to its national conditions. Additionally, President Xi affirmed China's firm support for the Maldives in safeguarding its national sovereignty, independence, territorial integrity, and national dignity.

President Muizzu, in turn, thanked President Xi for China's significant role in the Maldives' economic success and infrastructure development. His political party has been a beneficiary of funds from China's Belt and Road infrastructure program, a key component of President Xi's strategy to expand China's influence globally.

China reaffirmed its commitment to finance infrastructure projects in the Maldives, following an upgrade in diplomatic relations with the strategically located Indian Ocean archipelago. Amidst the competition for influence between Beijing and New Delhi, Maldives President Mohamed Muizzu, elected in September, pledged to strengthen ties with China and remove Indian troops. During his inaugural state visit to China, the Maldives' primary external creditor, President Muizzu and Chinese leaders reached a broad consensus, as outlined in a joint communique issued. The statement, broadcasted on China's state television CCTV, outlined China's commitment to provide support in key areas, including infrastructure construction, medical care, health care, improvement of people's livelihoods, new energy sources, agriculture, and marine environmental protection. Expressing gratitude for China's selfless assistance in providing development funds to the Maldives, President Muizzu acknowledged Beijing's crucial role in the country's economic success and infrastructure development. The joint communique followed a meeting between President Muizzu and Chinese President Xi Jinping, during which Beijing declared the elevation of bilateral ties. President Xi emphasised that, under the new circumstances, China-Maldives relations had a historic opportunity to build on past achievements. He expressed China's respect and support for the Maldives in exploring a development path suited to its national conditions. Additionally, President Xi affirmed China's firm support for the Maldives in safeguarding its national sovereignty, independence, territorial integrity, and national dignity. President Muizzu, in turn, thanked President Xi for China's significant role in the Maldives' economic success and infrastructure development. His political party has been a beneficiary of funds from China's Belt and Road infrastructure program, a key component of President Xi's strategy to expand China's influence globally.

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement