Airport, Hulhumale projects received most investor support, says president

President Abdulla Yameen Abdul Gayoom on Saturday said that among the projects that had been announced at Maldives investment forum held in Singapore, most investors had shown interest in the airport development project and projects announced for Hulhumale.

After returning to Male from Singapore, the president told reporters that many investors from China and Japan had shown interest in projects to develop the Maldives main international airport.

“The investment forum was a success. The biggest catch for the investors was developing the airport; to completely transform it. A lot of investors also met with me and discussed the development of Hulhumale as well,” he said.

President Yameen said that he had been briefed about the views of those investors, and that they too have been informed of the benefits of investing in the Maldives. But all the projects announced at the forum, held at Singapore’s Marina Bay Sands hotel, would be announced for bidding, he said.

“The purpose of this forum is to open Maldives to the whole world. I believe we have received great support on this. We will plan forums of this scale in other regions of the world as well. I have also met with many investors personally,” he said.

Investors had the opportunity to submit proposals for five mega projects, including the development of Ihavandhippolhu as an economic zone,  ‘I-Heaven’ and Ibrahim Nasir International Airport, the second phase of Hulhumale, shifting of the current commercial harbour to Thilafushi and its development, and the project to extract fuel and gas from the Maldives.

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Airport, Hulhumale projects received most investor support, says president