The Commonwealth Enterprise and Investment Council (CWEIC) has announced the decision to establish an office in the Maldives, and appoint prominent businessman Mohamed Ali Janah as its Chair.
CWEIC made the announcement on Thursday, noting that Janah, the Principal Advisor to Maldives President Dr. Mohamed Muizzu, and a veteran entrepreneur with over 30 years of trade ties with the Middle East, will lead the efforts carried out by the office.
The council said it was establishing this office with the acute vision of connecting the Maldivian government with international investors and businesses, along with any relevant stakeholders with keen focuses and business interests in the Maldives.
CWEIC added that the office will play a vital role in establishing prospective investment opportunities with all 56-member countries of the Commonwealth, and the Maldives. Besides this, the office will also focus on strengthening strategic alliances and partnerships between the Commonwealth nations and the Maldivian government and its economic industries.
In addition to this, CWEIC is also committed on exploring the feasibility and economic value addition for the Maldives International Financial Services Authority (MIFSA) in launching a sovereign wealth fund, which is part of the MoU signed between CWEIC and the Maldives government.