Officials: The exhibition is an opportunity for the world to share our success story

Maldives to launch new islands during Expo 2020

  • The UAE is among the largest investors from the Middle East in the Maldives.

    Photography: Najeeb Mohamed

  • The President of the Maldives: "The Maldives adopts an ambitious road map to revitalize the economy after the pandemic."

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The Republic of Maldives announced the inauguration of new islands for the development of tourist resorts.

Maldivian officials said, during the Maldives Investment Forum, which was held within the activities of "Expo 2020 Dubai", yesterday, that the country is adopting an ambitious road map to revitalize the economy after the pandemic, which is to promote economic growth by diversifying economic sectors, stressing that "Expo 2020" It is a great opportunity for the Maldives to share its success story with the world.

They pointed out that the UAE is among the largest investors from the Middle East in the Maldives, in many sectors, most notably tourism and transport.

The President of the Republic of Maldives, Ibrahim Mohamed Salih, said, “The Maldives adopts an ambitious roadmap to revive the economy after the pandemic, and works to promote economic growth by diversifying sectors and achieving environmental sustainability for the prosperity of society. Sustainability, mobility and opportunities to create a better future.

He added: “Our current strategy is to promote innovation, enable digital transformation, and accelerate public services based on the interest of society.

60% of the population was vaccinated, while the vaccination rate among workers in resorts and hotels reached 93%.

He explained, "We have made improvements to the legislative and legal frameworks through a number of policy reforms aimed at facilitating the attraction of new investments in infrastructure, transport, services and energy."

The forum activities included the inauguration of new islands for the development of tourist resorts, and the President of the Maldives invited investors to join the transformational journey that the Maldives is going through.

In addition, Minister of Economic Development in the Maldives, Fayyad Ismail, said that "the Maldives has achieved an economic growth rate of about 6% during the past six years, supported by the policies and legal environment currently prevailing in the country, which provide incentives that facilitate the conduct of business."

He referred to some of the main development projects that the state is currently implementing, including the expansion and development of the international airport, and the transfer of the location of the country's main commercial port in the capital, "Male", which will facilitate the growth of trade volume, as well as the accelerated growth witnessed by the tourism, business and trade sectors in the country, pointing out To the government's plans to provide unique investment opportunities in private islands and real estate tourism for the first time in the Maldives.

He explained that the Expo 2020 Dubai is a great opportunity for the Maldives, to share its success story with the world, as well as to promote it as a promising investment destination, noting that his country plans to launch a new mechanism to encourage investors in specific sectors, including renewable energy, such as granting investors exemptions. tax and customs duties.

He pointed to the strength of economic relations between the Maldives and the UAE, which comes among the largest investors from the Middle East in many sectors, most notably tourism and transport, pointing to his country's aspiration to increase Emirati investment flows to the Maldives during the coming period.

He explained that the Maldives offers many investment opportunities in the sectors of tourism, transport, ports, infrastructure and logistics, as well as agriculture and food industries, and green investment in the renewable energy sectors.

For his part, the Minister of Tourism in the Maldives, Abdullah Masum, said, "The Maldives has opened foreign investment in some of the islands, which will play an important role in attracting foreign investments," explaining that the islands can be leased to investors for a period of 99 years, pointing to the high return on investment. in the Maldives.

11 thousand tourists from the Emirates

The Minister of Tourism in the Maldives, Abdullah Masoum, said that “the UAE constitutes an important market for tourism in the Maldives,” noting that more than 11,000 tourists have been received from the Emirates, representing 1.3% of the total tourists who came to the Maldives from different parts of the country. the scientist.

He expected that the number of visitors from the UAE market would reach about 30,000 visitors next year, pointing to the large number of flights operated by Emirati carriers to the Maldives.

He added that "Emirates Airlines" alone, through its international flights, has transported more than 170,000 passengers to the Maldives since the beginning of this year, among the total million tourists received by his country, noting that a memorandum of understanding was signed with Emirates Airlines, to enhance and raise the number of visitors through flights.

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