President Ibrahim Mohamed Solih has formed a special company for local and foreign investors.

According to the President’s Office, “Maldives Fund Management Corporation Limited” was created as per the government’s policies, in a bid to make easier arrangements for various local and foreign investments in different industries of the country.

Maldives Fund Management Corporation Limited is a stated owned company in its entirety.

The President’s Office also noted that the company formed by a Presidential decree would secure funds through fund structures from the international markets as well.

The company will also contribute its fair share towards the developmental goals of the country in addition to driving more investments in the private sector through the government.