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Development investment / development Maldives Impact 8.0/10 1 min read
Government Issues the Permit for Sustainable Township Development under the Special Economic Zones Act

Government Issues the Permit for Sustainable Township Development under the Special Economic Zones Act

The government, through the Board of Investments, issued the first Permit for a Sustainable Township to Crystal Holdings Private Limited on December 9, 2025. The project involves an investment of over USD 790 million and will include integrated tourism and residential facilities, an international hospitality school, a healthcare facility, and agriculture and aquaculture zones. At least 60% of energy will come from renewable sources.

The government, through the Board of Investments, issued the first Permit for a Sustainable Township to Crystal Holdings Private Limited on December 9, 2025. The project involves an investment of over USD 790 million and will include integrated tourism and residential facilities, an international hospitality school, a healthcare facility, and agriculture and aquaculture zones. At least 60% of energy will come from renewable sources.

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Invest Maldives

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Dec 14, 2025

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The government, through the Board of Investments, issued the first Permit for a Sustainable Township to Crystal Holdings Private Limited on December 9, 2025. The project involves an investment of over USD 790 million and will include integrated tourism and residential facilities, an international hospitality school, a healthcare facility, and agriculture and aquaculture zones. At least 60% of energy will come from renewable sources.

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