8. trade and business development plan

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

8. trade and business development plan

Documents