The developer of Emboodhoo Lagoon Project, Singha Estate Public Company Limited has held an Investment Retail Opportunity Event. The event held at the National Art Gallery aims to encourage local companies to invest in the Emboodhoo Lagoon Project. The event was attended by more than 15 local and international investors. The mega-development project is in line with the Maldivian Government's Foreign Direct Investment Policy to advocate free enterprise with pro-market programmes.
The investment is strongly embedded in the country's economic vision to expand its tourism industry while upholding social, cultural, and environmental sustainability, according to Singha Estate Public Company Limited. The company revealed that Maldivian Government's support in bureaucracy-free regulatory and legal frameworks for foreign investors placed confidence in the project to be able to collaborate with leading global partners.
The Investment Retail Opportunity Event initiated by Singha Estate brought together international retail stores, Health and Wellness, and Food and Beverage companies. Premium brands represent attractive opportunities for franchise investment at the Emboodhoo Lagoon Project, which is also known as "Crossroads".
"Crossroads" is set to redefine the Maldivian tourism experience and stimulate the country's economy. The project is responding to the rapidly growing demand of the international family-leisure market while embracing the "One Island, One Resort" concept. "Crossroads" will also offer exciting, new career opportunities.
Addressing the opening ceremony of the event, Minister of Economic Development Mohamed Saeed applauded Singha Estate for deciding to invest in the project. Citing that Maldivian economy is going through positive transformation, Economic Minister Saeed highlighted the various investment opportunities in line with the project.
Addressing the ceremony, Minister of Tourism Moosa Zameer lauded President Abdulla Yameen Abdul Gayoom's transformation agenda and reiterated that no other leader has prioritised development.
The Chief Investment Officer of Singha Estate Company Limited Thiti Thongbenjamas stated that the project will open up new market segments tapping mid-market and family with its unique selling points. Singha Estate places a great emphasis on business synergy and strong asset diversification, he added.
The investors taking part in the event expressed gratitude for organising such an event and expressed keen interest to invest in the Maldives. The project will become the first ever multi-island, integrated leisure and entertainment destination in the Maldives.