Minister of Economic Development and Trade Mohamed Saeed has emphasised the Maldives' receptivity to foreign investment as a key driver for growth. He made the statement while speaking at the opening ceremony of the Invest Maldives 2024, held at Burj Al Arab in Dubai, United Arab Emirates (UAE). The forum, marking its second edition under President Dr. Mohamed Muizzu's tenure.
Speaking at the ceremony, Minister Saeed said that the forum drew participation from 190 companies, reflecting interest from both existing and potential investors. He pointed out the Maldives' track record of offering quick returns on investments, particularly evident in its tourism sector. He underscored the forum's significance as a platform for newcomers to explore the Maldives' investment landscape. Acknowledging the pivotal role of the UAE as a trade and transportation partner, he commended the significant investments made by UAE businesses and emphasised President Dr. Muizzu's efforts to strengthen ties with them.
Additionally, Minister Saeed said that the Invest Maldives Forum 2024 aims to showcase diverse opportunities for private sector engagement aligned with President Dr. Muizzu's developmental vision, thereby stimulating economic growth and fostering prosperity. He also said that the forum encompassed 17 key sectors and underscores the government's commitment to creating an enabling environment for business.
Building on the success of the first forum held in China earlier in the year, which attracted substantial interest from Chinese investors, the Maldives anticipates manifold benefits from strengthened ties. Notably, Hunan Construction Investment Group expressed an interest in bolstering collaboration with the Maldives, signaling avenues for mutual growth and cooperation.