The Edition


Qatar to host Maldives Investment Forum in 2017

Fathmath Shaahunaz
22 November 2016, MVT 12:20
Vice President Abdulla Jihad (C) and Economic Minister Mohamed Saeed (L) at the third Maldives Investment Forum held at Taj Palace Hotel in New Delhi, India. PHOTO/ECONOMIC MINISTRY
Fathmath Shaahunaz
22 November 2016, MVT 12:20

The Maldives will host its fourth annual Investment Forum next year in Qatar.

Speaking to reporters Monday from the sidelines of this year’s Investment Forum hosted in Indian capital New Delhi, Minister of Economic Development, Mohamed Saeed, announced that President Abdulla Yameen Abdul Gayoom has decided on Qatar as the host of the next Maldives Investment Forum and that preparations have already commenced.

According to the minister, Qatar was chosen as the next destination in order to make opportunities in the Maldives available to investors of the Middle East and Arab world.

Meanwhile, Vice President Abdulla Jihad officially inaugurated the third Investment Forum early Tuesday, which is being held at the Taj Palace Hotel in New Delhi. Economic Minister Saeed also gave a speech in the forum.

Over 400 participants from the Maldives and India, including major firms and investors, are attending the Investment Forum, which is organised jointly by the Maldives government and the Federation of Indian Chambers of Commerce and Industry (FICCI).

The projects to be launched in this year’s forum focus on the three sectors of Infrastructure, Tourism and Recreation. The government and state companies will launch the new projects.

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.