Vice President Dr Mohamed Waheed has today briefed Riyadh Chamber of Commerce and Industry (RCCI) on the investment opportunities available in the Maldives.
Speaking at a meeting hosted by the Chairman of RCCI Dr Abdulrahman bin Ali Al-Jeraisi, the Vice President said that the Maldives was now open for business and that Maldives would welcome Saudi investors. He said that Maldives was specifically looking for investors in areas such as housing, infrastructure, providing utilities and renewable energy.
Stating that the government’s policy was to promote private sector, Dr Waheed said that assistance was needed in this area.
Minister of State for Finance and Treasury Ahmed As-ad also spoke at the meeting. He stressed the importance of establishing a trade link between the two countries.
In his statement Dr Abdulrahman bin Ali Al-Jeraisi welcomed the Vice President to Saudi Arabia. He also highlighted the importance of exchanging visits of business delegations between both countries to explore business and investment opportunities.
The Assistant Secretary General for Economic Affairs of the Gulf Cooperation Council (GCC), Dr Mohamed Bin Obeid Al-Mazroi has said that GCC would encourage its member countries to participate in Maldives Donor Conference to be held from 28-29 March. He revealed this during his meeting with Vice President Dr Mohamed Waheed who is currently on an official visit to Saudi Arabia.
Speaking at the meeting held at the Headquarters of GCC, the Vice President briefed Dr Mohamed Bin Obeid Al-Mazroi on the preparations being made for the Donor Conference and on priority areas for assistance.
Dr Mohamed Bin Obeid Al-Mazroi said that apart from encouraging its member countries to participate at the meeting, the Gulf Cooperation Council itself would be represented at the conference.
Vice President Dr Mohamed Waheed this morning departed for an official visit to Saudi Arabia.
Speaking to the media before his departure, Vice President said that the purpose of his visit was to discuss the upcoming Donor Conference with Saudi officials. He also said that he would work to strengthen bilateral ties between the Maldives and Saudi Arabia as well explore possibilities of seeking assistance to the development of Maldives.
During the visit, the Vice President is scheduled to meet with senior officials of Saudi government, Saudi Fund for Development, Riyadh Chambers of Commerce and Industry, and the Islamic Development Bank.