Connect with us

Maldives Wire

Maldives Wire


Olialia investment in Maldives involves nothing unusual: says country partner.

Maldivian government invited Olialia India Pvt Ltd to submit the formal proposal to construct an international airport in the island nation. The letter issued on 4th October 2017 requests the corporation to provide a plan to execute the project of constructing and operating “Olialia international airport Maldives” in the country for 50 years on build and transfer basis. The news has gone viral on the social media and even on the mainstream media since Olialia world has published the letter on its Facebook page. The ruling party has responded to the media criticisms over the planned project shortly following the new.

Olialia Group is a Lithuanian multinational business organisation operating mainly in Europe until recently. However, the group is expanding in India under the business name Olialia India. Olialia manly deals with beverages, entertainment, lifestyle, travel, banking, food & real-estate. The company is expanding further into the aviation and tourism as well. Anca Verma, former miss universe Romania and wife of the Indian billionaire Abhishek Verma, as the chairperson leads both the Olialia World and Olialia India. The group have several hundreds of partners and associates around the globe promoting more than 80 different verities. Crystal Edge Group is the Exclusive Business Partner of Olialia in Maldives.

Crystal Edge Group, the Exclusive Business Partner of Olialia in Maldives, says that the planned project is valued at more than $500 million, 100% of which will be invested by the Olialia with no financial burden of any form on the state. According to the country partner, the project is expected to create more than 5000 new jobs for the country’s youth and will bring thousands of tourists to the nation annually. “Olialia’s investment in Maldives involves nothing unusual. It is a regular business concern just like any other foreign investment in the country; actually, a better one as we don’t even demand a sovereign guarantee” said Mr Ibrahim Khaleel, Executive Director of Crystal Edge Group in the first ever public expression of the group regarding the deal.

Stressing on the point Mr Ahmed Shareef, Managing director of the Crystal Edge Group and Olialia Maldives Country Partner said that the project is vital for development, especially economic decentralisation and expanding tourism and other business opportunities to the faraway atolls. “The project will directly benefit the people of the region and enhance their wellbeing as it will contribute to the economic growth immensely.” Said Ahmed.
Regarding the ongoing rumours, he assured that no illegal activates are involved, and he further expressed concern over the unprofessional reactions from some entities that might hinder the speed of the project. “We don’t want to respond to baseless and politically motivated rumours, but it is important to note that the development projects targeted to rural atolls are always challenged one way or another. It’s perfectly ok to have different political opinions, but if the differences impediment the progress and development of this country, then I think the very purpose of it is questionable.”

Many of the foreign investors in Maldives are world famous brands, and this is not the first time an international corporation that expands into the Maldives is criticised in their home counties for irregular activities. “Neither Olialia nor any person linked to the organisation to any extent in any way was ever found guilty in a court of law.” Emphasized Mr Ahmed. He also explained that many among the international business community, involve in the politics of their home countries, either as politicians or political financiers. Hence “they face political criticism as any politician, and it should not be a complication when they are investing in our country, especially in huge development projects”. He added.

According to Crystal Edge Group, the project will go on as scheduled regardless of challenges and it will bring numerous benefits to the Maldivian people in the fields of tourism, aviation, urban development and other related socio-economic areas.

Olialia investment in Maldives involves nothing unusual: says country partner.

Continue Reading
You may also like...

More in News

To Top