Thursday 25th Jul 2024
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Economic development

Dredging Work to Start on the Maldives Economic Gateway Project

The dredging work required to start the Maldives Economic Gateway project is being prepared, Economic Minister Mohamed Saeed said.
The project focuses on maritime services and economic security, including real estate, tourism and other businesses.
In a post on X, Minister Saeed said the government is preparing to start the dredging work as soon as possible.
“The speed of development under President Dr. Muizzu will continue to increase,” the Minister said.
Maldives Industrial Development Free Zone Public Limited has been appointed as the master developer of the project, and has been granted all development rights. The President has also decided to designate the area where the project will be implemented as a Special Economic Zone.