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With countries around the world attracting investment dollars from the business community with business life returning to normalcy post-Covid, a webinar on investment opportunities in the Maldives was held between the High Commission of Maldives in Singapore and the Singapore Indian Chamber of Commerce and Industry (SIICI). It was jointly hosted by the island's high commissioner to Singapore His Excellency Ibrahim Shaheeb and SICCI Chairman, Dr T Chandroo.

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Kicking off the webinar and giving an overview of the opportunities in the Maldives, Mr Ibrahim Shaheeb pointed to the abundance of natural resources in his country and something Singapore companies can come on board to invest and share their technical know-how to boost the sectors. Another plus factor for the Maldives is the presence of a young and energetic workforce and they can complement investors and experts from Singapore keen on taking on projects in the island state.

On the economic front, Maldives is expecting a GDP growth of 12 per cent for 2022 and tourist arrivals of 1.5 million visitors. During the hour-long webinar senior officials from departments taking care of fisheries, and the power sector gave an overview of opportunities that await keen businessmen. Tourism and the development of resorts also hold much potential in the Maldives, areas which the Singapore business community can consider seriously.

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In his comments, Dr Chandroo noted that the Maldives was definitely a must visit destination, including for himself.

And now with the reopening of the borders, tourism and visiting beach resorts is always on top of the minds of holidaymakers from Singapore and the world over. Here Maldives stood out as one must see and visit destination for many people.

"That is why this webinar is most timely for both Singapore and the Maldives to tap on the tourists' market of each city. Besides tourism, we are also discussing the growth of the real estate, fisheries and aquaculture and the renewable energy sectors", said Dr Chandroo.

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Dr Chandroo explained that recent events in the world only reinforced the need for small states like Singapore to ensure that it has a diversity of supplies of food products among them fishery and a host of other products which are in great demand in Singapore households.

Hence SICCI would be happy to hear from the Maldives team of the various opportunities available for cooperation in the import and supply of food products to Singapore and we would be happy to share the findings of this webinar with the various government agencies handling food supplies.

In the near future, both sides would be looking into the possibility of exchanging business delegations to tap on the economic and investment opportunities of both countries.