First Possible SEZ Project Undergoing Government Consideration

The Board of Investments, chaired by Minister of Economic Development and Trade Mohamed Saeed, began reviewing a proposal on 3 January 2024 for a 110-Megawatt renewable energy project in the Maldives. This is the first proposal for investment in Special Economic Zones (SEZs) under President Mohamed Muizzu's administration. President Muizzu recently reduced the minimum investment for SEZ projects from US$150 million to US$100 million. Under the SEZ Act, the President designates areas for SEZs. Other board members include Ministers Ibrahim Faisal, Thoriq Ibrahim, and Ali Haidar Ahmed.

The Board of Investments, chaired by Minister of Economic Development and Trade Mohamed Saeed, began reviewing a proposal on 3 January 2024 for a 110-Megawatt renewable energy project in the Maldives. This is the first proposal for investment in Special Economic Zones (SEZs) under President Mohamed Muizzu's administration. President Muizzu recently reduced the minimum investment for SEZ projects from US$150 million to US$100 million. Under the SEZ Act, the President designates areas for SEZs. Other board members include Ministers Ibrahim Faisal, Thoriq Ibrahim, and Ali Haidar Ahmed.

The Board of Investments, chaired by Minister of Economic Development and Trade Mohamed Saeed, began reviewing a proposal on 3 January 2024 for a 110-Megawatt renewable energy project in the Maldives. This is the first proposal for investment in Special Economic Zones (SEZs) under President Mohamed Muizzu's administration. President Muizzu recently reduced the minimum investment for SEZ projects from US$150 million to US$100 million. Under the SEZ Act, the President designates areas for SEZs. Other board members include Ministers Ibrahim Faisal, Thoriq Ibrahim, and Ali Haidar Ahmed.

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