Investment Forum

Maldives open 24/7, VP tells investors

Vice President of Maldives Abdulla Jihad has said that Maldives will be open to investors 24 hours a day without any setbacks.

The Vice President made the statement in the third Maldives Investment Forum which began in Delhi earlier Tuesday.

  • Economy is improving
  • GDP continues to rise
  • Earlier GDP was USD275

The Vice President, who previously served as the Finance Minister, said Maldives was one of the poorest countries in the world in 1977, and that the GDP then was a mere USD 275 per head. The current GDP per head is valued at USD 7,000.

The Vice President stated that this was due to the hard work and efforts of all those working to help improve the country.

He said that Maldives is currently traveling in completely new directions, and that many changes have been brought to the Maldivian economy with President Abdulla Yameen's economic agenda.

The Vice President informed that since President Yameen took office, inflation has been controlled and curbed the budget deficit.

Around 400 companies take part in the forum this year, including local and foreign companies.