Local telecom giant Dhiraagu has been appointed as platinum sponsor of the upcoming Maldives Investment Forum to be held in Indian capital New Delhi next month.
Dhiraagu’s CEO and managing director Ismail Rasheed and economic minister Mohamed Saeed signed the agreement at a ceremony held at the ministry on Wednesday.
Dhiraagu had been a partner of the previous two Investment Forums as well. In addition to the telecom company, Bank of Maldives Ltd (BML) and Ooredoo Maldives are signed on as platinum sponsors for the forum.
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.
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.