Vice President briefs RCCI on investment opportunities in the Maldives

Monday, March 22nd, 2010

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.

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