President Ibrahim Mohamed Solih says the ongoing initiatives on Bilehdhoo Island in the Faafu Atoll would provide the residential community with increased opportunities for business investments in the near future.
He made these remarks while speaking at the inauguration of the new powerhouse and the administrative building of FENAKA Corporation on the island.
During the ceremony, the President was accompanied by First Lady Fazna Ahmed, Cabinet ministers, parliamentarians, senior government officials, and heads of state-owned enterprises.
Speaking at the function, President Solih emphasized that upon completing essential infrastructure projects such as electricity, water, and sewage systems, the island's residents would experience enhanced investment prospects and income generation opportunities. He added that constructing an airport on neighboring Magoodhoo Island would further amplify the economic potential of the atoll.
The President urged the local community to explore the establishment of guesthouses as a viable business opportunity and shared details regarding the financial support and loans available through the administration for such ventures. He emphasized that its potential benefits could be maximized by effectively managing additional tasks associated with operating the airport.
