Maldives Investment Forum underway in Dubai

The fourth annual Maldives Investment Forum was inaugurated Monday morning by Vice President Abdulla Jihad and UAE Economic Minister Sultan bin Saeed Al-Mansoori.

“The Maldives is open for business,” Jihad announced in his remarks at the opening ceremony.

“Your investments will be secure and the return on investment is great and relatively high. The government of Maldives is committed to make Maldives a vibrant investment destination in the heart of South Asia. I can assure you that there definitely is no better time than now to invest in the Maldives.

This year’s event is taking place at the Dubai International Convention and Exhibition Centre with 350 participants, including representatives from Dubai and international companies and investors.

Apart from Jihad, other key speakers include Economic Development Minister Mohamed Saeed as well as the chairman of Singha Estate and UAE’s minister of economy.

Investment opportunities promoted at the forum include the development of the Hulhumalé ‘youth city,’ regional airports, investment banks and a transhipment port.

Previous editions of MIF took place in Singapore, China and India.

The UAE is the top trading partner of the Maldives. In 2016, the Maldives imported US$332 million worth of goods from the UAE.