Undersea Mining for Oil, Minerals to Be Conducted With Minimal Environmental Impact: Shiyam

Fisheries Minister Ahmed Shiyam stated that undersea mining for oil, gas, and minerals under the SEZ Act will benefit the economy with minimal environmental impact. He responded to former environment minister Aminath Shauna's concerns. President Muizzu amended the SEZ Act to include these activities, requiring a minimum investment of $100 million. Shiyam emphasized collaboration with credible investors, safeguards for biodiversity, and scientific assessments. The initiative aims to diversify the economy beyond tourism and fisheries, leveraging the country's 900,000 sq km ocean territory.

Fisheries Minister Ahmed Shiyam stated that undersea mining for oil, gas, and minerals under the SEZ Act will benefit the economy with minimal environmental impact. He responded to former environment minister Aminath Shauna's concerns. President Muizzu amended the SEZ Act to include these activities, requiring a minimum investment of $100 million. Shiyam emphasized collaboration with credible investors, safeguards for biodiversity, and scientific assessments. The initiative aims to diversify the economy beyond tourism and fisheries, leveraging the country's 900,000 sq km ocean territory.

Fisheries Minister Ahmed Shiyam stated that undersea mining for oil, gas, and minerals under the SEZ Act will benefit the economy with minimal environmental impact. He responded to former environment minister Aminath Shauna's concerns. President Muizzu amended the SEZ Act to include these activities, requiring a minimum investment of $100 million. Shiyam emphasized collaboration with credible investors, safeguards for biodiversity, and scientific assessments. The initiative aims to diversify the economy beyond tourism and fisheries, leveraging the country's 900,000 sq km ocean territory.

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