President Yameen: This is the prime time to invest in Maldives, FDIs always welcome

President Abdulla Yameen Abdul Gayoom has said that this was the prime time to invest in the Maldives and the country always welcome foreign direct investments with open doors.

Speaking at the Business Leaders Forum at the Maldivian Embassy in China this morning, President Yameen said that some are led to believe that the Maldives lack resources and limited business prospects but it is a misconception and many international investors in the Maldives who know the market well would vouch for the Maldives being a luxury destination famous for visits by high net-worth individuals.

Highlighting the measures being taken by this administration to transform the Maldives’ economy, President Yameen underscored the special initiatives of the Government underway, including the development of Hulhumale’ Youth City and the development of Special Economic Zones.

In this regard, the President noted that the Foreign Investment Act and the Special Economic Zones Act are in place today in order to ensure investments were protected. He further welcomed all investments that will assist in the Maldives’ economic transformation.

President Yameen also highlighted the contribution and support from China, in implementing the administration's transformational plans for the Maldivian economy. He expressed his gratitude on behalf of the Government and people of the Maldives, to President Xi Jinping and Government and the people of China, for their generous support. President Yameen further assured of the Government’s commitment to improving the long-standing bilateral relations between the Maldives and China.

As part of President Yameen’s current State Visit to China, official talks will be held between the Government of Maldives and the Government of China – and key agreements will be signed with a view to enhance trade, professional and socioeconomic development as well as technological and other collaborations between the two countries. The President will also meet with key leaders of China, and discuss ways to further accelerate socioeconomic ties between the Maldives and China.