President Nasheed informs South Korean industries on investment in the Maldives

As part of his visit to South Korea President Mohamed Nasheed met with executives of the country’s business sector, fisheries industry and the media.

In his meeting with representative from the business sector held at the Intercontinetal Hotel in Seoul on Friday, the president informed them of the business and investment opportunities in the Maldives.

President Nasheed spoke of the potential investment opportunities in green energy and housing projects in the Maldives.

He noted South Korea was a growing market for the Maldivian tourism industry and an important partner in the fisheries sector.

The president also met with the president of Korea Trade Investment Promotion Agency (KOTRA), Hwan-eik Cho at the KOTRA Centre to discuss investment in the Maldives, especially in the fisheries, energy and housing sectors.

According to the President’s Office, a number of South Korean companies expressed interest in investing in the Maldives.

He then met with the Director General of Distant Water Fisheries Bureau of the Ministry of Food, Agriculture, Forestry and Fisheries of South Korea, Lee Cheol Woo, and the Chariman of Korean Overseas Fisheries Association, Kyung-Nam Chang.

Present at the meeting were also representatives from Sajo Industries and Dongwon Industries, two South Korean companies working in the fisheries and business secotr.

President Nasheed spoke of the challenges faced by the Maldivian fishing industry, and said the government wanted to expand the overseas market for fish products so foreign companies could buy fish directly from Maldivian fishermen.

After his meetings, the president met with South Korean press and spoke mostly on the environmental challenges faced by the Maldives and his commitment to bring the issues of climate change to the international stage.

President Nasheed concluded his visit to South Korea on Friday.