Maldives has immense untapped investment potential to offer, says President Ibrahim Mohamed Solih.
The Maldivian president delivered his keynote address at the Maldives Investment Forum on Tuesday and stated that Maldives is “open for business and ready to welcome investors”.
I am pleased to present to you today through this forum, the opportunity to rally your investments with us. The islands that we have just opened for tourist resort development today, are excellent opportunities for investors to be part of the Maldives’ tourism success story and add their own innovative charisma and charm to shape the evolving tourism landscape of the country. Maldives is open for business, and Maldivians are ready to welcome you.”Ibrahim Mohamed Solih, President of Maldives.
The forum is both “timely” and “important” to the Maldives, Solih added, noting that Maldives is currently on an ambitious roadmap to revitalize the government’s economy in the wake of the Covid-19 pandemic.
He added that the government’s topmost priorities lie in fostering economic growth through sectoral diversification, environmental sustainability and the prosperity of societies, noting that these goals are parallel to the themes presented in this Expo; Sustainability, Mobility and Opportunity to create a better future.
The president highlighted that Maldives’ immediate and “medium-term” strategy to develop a consolidated response is to foster innovation, enable digital disruptions and accelerate public services that are people-centered, effective and resilient.
Maldives sits at the crossroads of the Indian subcontinent, offering a strategic trade conduit between the East and West. The government of Maldives is taking concrete steps to develop the country’s investment climate that take into account our geographic position. Significant improvements have been made to our Legal and regulatory framework through a raft of policy reforms aimed at facilitating new investments in infrastructure, transport, services and energy.”Ibrahim Mohamed Solih, President of Maldives.
Highlighting that one of the central pillars of Maldives’ economic reform agenda is private sector development, Solih stated that the promotion of an enabling environment involves removing unnecessary bureaucratic red tape with streamlined procedures to establish businesses, increase access to finance, ensure greater responsiveness, transparency, immutability and security for our investors.
Going on to note that the country leads from the front in tackling the climate crisis, despite being a small country, Solih stressed that there is no time to spare in efforts to counter the ever-growing existential threat posed by it.
The government’s top priorities include promoting renewable energy and pursuing low carbon development, as the country embarks on an ambitious journey to achieve Net Zero by 2030.
With this being said the president highlighted that the country relies on the generous support and assistance from the international community to help realize this goal.
I hope that today’s event will serve its purpose to showcase the immense untapped investment potential that the Maldives has to offer. I invite you to join us on this transformational journey as we guide your investments from inception to fruition.”Ibrahim Mohamed Solih, President of Maldives.
