The Managing Director of STO Ahmed Shaheer have said that with the credit rating of the state, it is now easy to get foreign investments and other countries are praising this decision of the government of Maldives.
Speaking, at the ceremony held at Alimas Carnival last night to celebrate the achievements of President Yameens ‘s government, Shaheer said that the presentation by Ooredoo during the investment forum also shows that as well. He said that Indian investors praised Maldives.
“This government not only did the credit rating. But they have brought a new commercial bank within 3 years. Also 2 new insurance companies have started” said Shaheer.
He said that in addition, government has introduced digital money transfer as well. He said that they are using STO pharmacies within the atolls to provide this service.
“once the airport is developed thousands of people will get jobs. Maldivians will benefit because of this. Once Male’ and Hulhumale is connected the value of land in Hulhumale’ will rise. Investments in Hulhumale’ will be recovered very quickly. The result will be increased jobs and housing for everyone” said Shaheer.
Shaheer said that we can see billions in investments in Male’, Hulhumale’, Hulhule’ and even in Funadhoo. He said that the purpose of conducting these projects even without difficulties is to increase the GPP of the country. “ President Yameen has vowed to double the GDP per capita income. That means increasing it from 7000 to 14000 dollars” said Shaheer.
Shaheer said that while the government is trying to start 50 new resorts within 5 years it is important to provide quality services to these tourists. He said that hence projects like the bridge and the airport are essential projects that will contribute to the development of the country.