Minister: Target is to promote opportunities for investment in major projects

Minister of Economic Development, Mohamed Saeed said that the biggest target of the Maldives Investment Forum 2016 was to promote opportunities for foreign investment in major economic and infrastructure development projects run by the State.

MIF 2016 is start to start next Tuesday, November 21, at The Taj Palace in New Delhi, India.

In answer to a question posed by “Sun”, Minister Saeed said that the major economic projects run in Maldives was a huge step to “speed up what is being slowly received”.

He said the projects created numerous investment opportunities, and that that was what the government would focus on, during the forum.

“You have heard about airport expansion. You have heard about the 50 resorts. These are huge investments. This creates gaps; real estate, transport, logistics, renewable energy – such opportunities,” said Saeed.

He made special emphasis on renewable energy.

Saeed also said that major international companies would be establishing their processing centers in the Special Economic Zones.

“This, by itself isn’t significant enough to complete in the same scale as other companies. But this can be done based on our own scale,” he said.

13 Maldivian companies and one Indian company has signed on as sponsorship partners for the event.

Investors from Maldives, India, and other countries are set to visit the forum.

The Gala Banquet for the event is scheduled to be held at Taj Palace this Monday night, prior to the launch of MIF on Tuesday.