Development Rights at Maldives Economic Gateway Awarded to New Re-Export SOE
The cabinet granted development rights at Ihavandhippolhu, under the name Maldives Economic Gateway, to the newly formed Maldives Industrial Development Free Zone, Minister Mohamed Saeed confirmed. The free zone company will develop a port, storage facilities, and re-export zone. The administration aims to establish a transshipment port, with a pledge for Gaadhoo Island. The new cargo terminal at Velana International Airport has an annual capacity of 120,000 metric tonnes, superseding the old 50,000-tonne terminal. Five state-owned enterprises (STO, HDC, MPL, MTCC, MACL) are stakeholders. The administration's goal is to double GDP from MVR 6 billion to MVR 12 billion.
The cabinet granted development rights at Ihavandhippolhu, under the name Maldives Economic Gateway, to the newly formed Maldives Industrial Development Free Zone, Minister Mohamed Saeed confirmed. The free zone company will develop a port, storage facilities, and re-export zone. The administration aims to establish a transshipment port, with a pledge for Gaadhoo Island. The new cargo terminal at Velana International Airport has an annual capacity of 120,000 metric tonnes, superseding the old 50,000-tonne terminal. Five state-owned enterprises (STO, HDC, MPL, MTCC, MACL) are stakeholders. The administration's goal is to double GDP from MVR 6 billion to MVR 12 billion.
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The cabinet granted development rights at Ihavandhippolhu, under the name Maldives Economic Gateway, to the newly formed Maldives Industrial Development Free Zone, Minister Mohamed Saeed confirmed. The free zone company will develop a port, storage facilities, and re-export zone. The administration aims to establish a transshipment port, with a pledge for Gaadhoo Island. The new cargo terminal at Velana International Airport has an annual capacity of 120,000 metric tonnes, superseding the old 50,000-tonne terminal. Five state-owned enterprises (STO, HDC, MPL, MTCC, MACL) are stakeholders. The administration's goal is to double GDP from MVR 6 billion to MVR 12 billion.
This story involves 1 source and may affect public understanding of port / free zone.
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Focus: Development Rights at Maldives Economic Gateway Awarded to New Re-Export SOE
Unique detail: Development Rights at Maldives Economic Gateway Awarded to N...
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