Maldives offers attractive incentives for Kuwaiti investors

KUWAIT CITY, Oct 25: Dean of Kuwaiti journalism and Editor-in-Chief of Al-Seyassah and Arab Times Ahmed Al-Jarallah received at his office yesterday afternoon a high-level delegation from the Republic of Maldives headed by H.E. Mr. Ismail Azmee Adnan, Minister of State at the Ministry of Fisheries, Agriculture and Ocean Resources, in the presence of Kuwaiti businessman Mr. Abdulaziz Al-Fadhli, Director and Co-Partner of White Oryx Infrastructure Works for Petroleum Services Co. During the meeting, the Maldivian delegation presented a detailed overview of promising investment projects and opportunities currently available in the Maldives, particularly in the sectors of tourism and luxury resorts, infrastructure, ports and airports, food security, fisheries, and renewable energy.

Dean of Kuwaiti journalism and Editor-in-Chief of Al-Seyassah and Arab Times Ahmed Al-Jarallah receives a high-level delegation from the Republic of Maldives headed by H.E. Mr. Ismail Azmee Adnan, Minister of State at the Ministry of Fisheries, Agriculture and Ocean Resources, in the presence of Kuwaiti businessman Mr. Abdulaziz Al- Fadhli, Director and Co-Partner of White Oryx Infrastructure Works for Petroleum Services Co.

Minister Adnan explained that the Maldivian government is offering a comprehensive package of incentives and facilities for foreign investors, including long-term land lease facilities, tax exemptions, streamlined licensing procedures, and guarantees for profit repatriation under a new foreign investment protection law. Al-Jarallah welcomed the delegation, praising the friendly relations between Kuwait and the Maldives and the remarkable development boom the Maldives is witnessing, which has made it a global destination. For his part, Al-Fadhli stressed the importance of opening new horizons for Kuwaiti private sector investments in the Maldives, noting that the Maldives is now considered one of the most secure and stable tourist and investment destinations in the Indian Ocean, attracting the interest of businessmen from around the world. Both sides expressed their aspiration to enhance media and economic cooperation between the two friendly countries.