Maldives to hold business forum in Singapore on April 25

SINGAPORE - A one-day business forum will be held by the Government of Maldives on April 25 at the Marina Bay Sands, said the Maldives Ministry of Economic Development on Wednesday.

The aim is to attract regional and global investment to key national projects in the Maldives.

The President of Maldives, Mr Abdulla Yameen Abdul Gayoom, will be at the forum to launch five infrastructure projects.

There will be an integrated development that incorporates a transshipment port, airport and commercial hub. The Maldives also plans to expand its international airport to prepare for a five-fold increase in tourist arrivals, and reclaim land to expand the capital urban area.

It also wants to relocate and develop a new international seaport and take on new oil and gas exploration projects.

The Maldives delegation to Singapore includes Minister of Economic Development Mohamed Saeed and Minister of Tourism Ahmed Adeeb Abdul Ghafoor.

The government will also outline new legislative framework to boost investor confidence, such as the Special Economic Zones Law and various investment protection measures.

President Yameen Abdul Gayoom said in a statement: "After a decade of transition into a stable democracy, Maldives is now primed for a major socio-economic transformation. It is the belief of my Government that foreign investors of global acumen have an important role to play in this transition."