The Edition


BML appointed as platinum sponsor of Investment Forum

Fathmath Shaahunaz
11 October 2016, MVT 13:13
Bank of Maldives Ltd (BML)'s CEO Andrew Healy (L) and economic minister Mohamed Saeed sign the agreement appointing BML as platinum sponsor of Maldives Investment Forum 2016. PHOTO/BML
Fathmath Shaahunaz
11 October 2016, MVT 13:13

Maldives’ main bank has signed on as platinum sponsor of the upcoming Maldives Investment Forum to be held in Indian capital New Delhi.

Bank of Maldives Ltd (BML)’s CEO and managing director Andrew Healy and economic minister Mohamed Saeed signed the agreement at a special ceremony held in the economic ministry on Tuesday.

The Investment Forum will be held November 21 and 22 with the objective of seeking more investors and opportunities in trade and economy for the Maldives as well as strengthen diplomatic and bilateral trade relations between the two South Asian neighbours.

Speaking at the inauguration of the Investment Forum held last month, economic minister Mohamed Saeed had noted that India is one of the closest states to the archipelago in terms of trade, noting the key role India plays in the Maldives’ economy.

President Abdulla Yameen Abdul Gayoom had opted to hold this year’s Investment Forum in India during his visit to the South Asian neighbour last year, following which the Indian government had avowed its assistance in hosting the forum.

The Maldives had previously held two Investment Forums abroad with 2015’s forum held in Chinese capital Beijing and the previous year’s in Singapore. The government had sought investors for several large infrastructural projects during both forums, including the development of Ibrahim Nasir International Airport (INIA), the commercial harbour in Thilafushi island and the iHavan integrated development project.

Telecom giant Ooredoo has also signed on as a platinum sponsor of this year’s forum.