Business updates

A delegation from Maldives, led by Mr. Ahmed Naseer, CEO of Capital Market Development Authority, comprising representatives of Maldives Stock Exchange & Maldives Securities Depository, Securities Market Operations/Stock Exchange and Maldives Transport & Contracting Company PLC, met with Members of the business community on 26 August 2015 at the seat of the MCCI for an information session entitled “Opportunities in Maldives financial sector”.

The objective of the visit was to sensitize the Mauritian business community on the investment opportunities in Maldives and to explore areas of collaboration with the Mauritian financial sector.

They were welcomed by Mr. Azim Currimjee, the Vice-President of the MCCI. While acknowledging the fact that there are good business relations between the two countries, he expressed the wish that there are further partnerships in the future.

The Maldivians proposed investment opportunities in several sectors, mainly logistics, construction, real estate and tourism and explained that there are more than 70 islands available for development, whereby each island represents investment opportunities of about 40-50 USD million. They also presented their new projects in view of development and areas for collaboration. Using Maldives as a logistics hub for the countries in the region was one of the focal presentation.

Real estate and construction projects also caught much attention from members of the business community present as related investment opportunities are considered much profitable.

The presentations were followed by an animated questions and answers session.

A video presentation from the Maldives delegation can be viewed here

Legend: From left to right: Mr. Raju Jaddoo, Mr. Ahmed Naseer, Mr. Azim Currimjee, Mr. Hassan Manik.