News re-export / SEZ Maldives Impact 7.0/10 2 min read

Government to Allocate 100-Hectare SEZ for Re-Export SOE

President Mohamed Muizzu confirmed a 100-hectare Special Economic Zone (SEZ) will be allocated in Thilafushi Island for a new re-export state-owned enterprise named Maldives Industrial Development Free Zone. The enterprise will be 100% state-owned and focus on transshipment and re-exporting, producing raw materials and food products for export. Five SOEs—STO, Urbanco, MPL, MTCC, and MACL—will be stakeholders. Minister Mohamed Saeed said land, staff, capital, and resources will be allocated within weeks.

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Maldives Republic

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Published

Jan 6, 2024

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📋 Story Brief

President Mohamed Muizzu confirmed a 100-hectare Special Economic Zone (SEZ) will be allocated in Thilafushi Island for a new re-export state-owned enterprise named Maldives Industrial Development Free Zone. The enterprise will be 100% state-owned and focus on transshipment and re-exporting, producing raw materials and food products for export. Five SOEs—STO, Urbanco, MPL, MTCC, and MACL—will be stakeholders. Minister Mohamed Saeed said land, staff, capital, and resources will be allocated within weeks.

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Focus: Government to Allocate 100-Hectare SEZ for Re-Export SOE

Unique detail: Government to Allocate 100-Hectare SEZ for Re-Export SOE

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Maldives Republic

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