Business

Investments worth MVR 2.5 bil registered in Maldives

Ministry of Economic Development has confirmed USD 2.5 billion worth of investments has been registered in Maldives.

During the signing ceremony for the platinum partners of Maldives Investment Forum 2017, held at Economic Ministry, Adam Thaufeeq the Deputy Minister said the investments registered in Maldives have increased over the past three and a half years while foreign investments have gone up as well.

“Perhaps this is the result of such investment forums. A total of USD 2.5 billion worth of investments have been registered over the past three years,” he said.

The government has initiated three previous investment forums that were held in Singapore, China and India in an attempt to attract foreign investors to Maldives. Similarly, the fourth such forum is slated for December in Dubai.

The state promotes large-scale projects and developmental plans in Maldives at these forums in order to promote investment opportunities for foreign entrepreneurs. The state government has promoted iHaven, Velana International Airport (VIA) development and the second phase of Hulhumale’ development to attract investors.

Government estimates an expenditure of MVR 1 billion for the international airport development project.

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