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8/6/2019 8. Trade and Business Development Plan
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TRADE AND BUSINESS STRATEGY
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VISION
A dynamic fast growing business and shopping hub
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GOALS
To expand role of private businesses
To become the business hub of South Maldives
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SETTING THE SCENE
Established Commercial Sea Port and International Airport.
Interconnected islands through multimode transportnetwork.
Second-largest telecommunication infrastructure in the
Maldives (in terms of services provided, customers)
Ideally placed to harvest wind-energy / renewable energy.
Cost-advantage in land and labor
Untapped markets in consumer products/services
Naturally formed resources that can be transformed into
profitable industries (Golf Course, Yatch Marina etc.)
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SETTING THE SCENE
Daily unloading capacity of sea-port: 4K 5K tonnes.
Reclaimed land area available for development of shoppingdistricts near Hithadhoo Regional Port
30% duty concession on goods imported via Hithadhoo
Regional Port
Land at affordable rent for SME and sole-entrepreneur
start-ups.
First International Convention Center outside of Mal City.
Potential to improve trade and commercial services by
expanding auxiliary services (port facilities, warehousing,
transportation of goods)
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STRATEGIES
Connect Addu to Male and the World
Improve access to credit and financial services
Provide leadership in trade promotion and development
Develop partnerships with private sector and non-governmental
organizations
Provide key economic and demographic for informed decision
makingDesignate and promote business development zone
Attract new investors
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FINANCIAL SERVICES
Enable the establishment of a new commercial bank
Establish ATMs in strategic locationsEncourage POS machines
Promote internet and mobile phone banking
Attract new banks to AdduIntroduce micro-credit scheme
Implement the SME loan scheme
Promote insurance services
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ORGANIZE TO SUCCEED
Establish the Addu Traders Association
Strengthen the Trade Promotion and Development UnitConduct business development training programmes
Conduct periodic demographic and household surveys
Conduct periodic economic and establishment surveys
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BUILD PARTNERSHIPS
Formulate the Addu Investment Promotion Strategy
Conduct Addu Image Building CampaignDevelop a register of businesses and NGOs
Conduct annual Addu Business Forum
Organize Addu Investor ForumDevelop an online network and portal for businesses
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BUSINESS ZONE
Designate business zones in Land Use Plan
Promote and publicize business zonesConstruct shopping complex
Construct office complex
Establish zoning requirementsSet subdivision regulations
Implement construction codes
Publicize licensing requirements
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ATTRACT INVESTORS
Formulate the Addu Investment Promotion Strategy
Develop business sector profilesProvide promotional budget
Conduct Addu Image Building Campaign
Organize Addu Investor Forum
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MEASURING SUCCESS
Performance indicator 2010 2013
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MEASURING PERFORMANCE
Performance indicator 2010 2013
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IMPLEMENTATION STRATEGY
Programme Area Method Partner
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FINANCE STRATEGY
Programme Area Resource
inputs
Budget
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