Government to showcase five development projects at Singapore investment forum

The Ministry of Economic Development will be presenting five investment opportunities planned for the country’s development at the Maldives Investment Forum in Singapore this month.

The forum will aim to increase the interest of Asian-region investors, and will be the first forum of such a scale to be hosted by the Maldives in another country.

President Abdulla Yameen will also be attending the forum, which is scheduled for April 25 at the Marina Bay Sands hotel in Singapore.

“It is a showcasing of the largest infrastructure projects, for company registration, to the international investment community. The keynote will be by the president and we are working on the details for the showcase,” said Permanent Secretary for the Ministry of Economic Development Yusuf Riza.

“We have had forums of this sort before, but not at this level, not with the president there – this has been done at the ministerial level.”

Although Riza said the details of the projects were yet to be announced, local media outlet Haveeru has reported details of the developments to be presented to potential investors.

These are reported to be: the development of Ihavandhippolhu as an economic zone, a project to develop ‘I-Heaven’ and Ibrahim Nasir International Airport (INIA), the second phase of Hulhumalé’s development, a project to develop the current commercial harbour at Thilafushi, and a scheme to extract fuel and gas from the Maldivian region.