Financial Times

Huge interest in Maldives development after political changes

By Quintus Perera

In the Maldives, 30 years of one-man rule by the government is now over and a new era has dawned for the people and the private sector since even the airports and the ports in Maldives are be privatized
Mohamed Ali Janah, President, Maldives Association of Construction Industry (MACI), told reporters that Maldives is a country that imports everything, even, sand and now as the entire gamut of industry such as construction industry is widely open to the private sector, the country has opened opportunities for other countries to engage in industries in an equal, transparent and competitive manner.
He was speaking at a press conference in Colombo to invite Sri Lankan construction industrialists to participate in the Maldives Construction Fair 2009 (MCF 2009) scheduled to be held on April 20 at the Dharubaaruge Exhibition Hall, Male.

The countrys main industry is tourism and the private sector has been invited to participate in constructing more than 64 tourist resorts at an investment cost of US $ 30 to 40 million investment. There are plans to build 10 more airports and several ports. Thus there would be a tremendous amount of construction work in the Maldives.

The exhibition is being held for the fourth consecutive year. There would be opportunities for interior design, architecture, building construction and engineering and the exhibition provides a common arena for the business community to exhibit their sevices and products, the media was told.
Imran Hassan, Director, South Asia Exhibition Services who are part-organizers of the Exhibition, said that the choice of holding a construction fair in the Maldives continues to be the best choice as the Maldives was chosen as the Indian Ocean’s Leading Destination at the World Travel Awards 2008.

Last year about 80 % of the participants for the exhibition was from Sri Lanka. Mr Hassan told the Sunday Times FT that this year as the competition is very high with the development activities in the Maldives, the Sri Lankan participation would come down to around 60 % as other international construction industrialists have already booked in their places for MCF 2009.


 
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