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Local renewable energy / foreign investment Kuda Bandos Impact 8.0/10 2 min read
Minister Thoriq Expresses Confidence in Singaporean Investment Expansion

Minister Thoriq Expresses Confidence in Singaporean Investment Expansion

Minister Thoriq Ibrahim expressed confidence in Singaporean investment expansion in Maldives, particularly in tourism and renewable energy. He noted 31 tourism projects planned across multiple atolls. A contract was signed for the 'Solar City' 100MW floating solar PV project under the SEZ framework, awarded to APM SPV Pvt. Ltd., with completion targeted within two years.

Minister Thoriq Ibrahim expressed confidence in Singaporean investment expansion in Maldives, particularly in tourism and renewable energy. He noted 31 tourism projects planned across multiple atolls. A contract was signed for the 'Solar City' 100MW floating solar PV project under the SEZ framework, awarded to APM SPV Pvt. Ltd., with completion targeted within two years.

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Maldives News Network

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Jul 5, 2025

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Minister Thoriq Ibrahim expressed confidence in Singaporean investment expansion in Maldives, particularly in tourism and renewable energy. He noted 31 tourism projects planned across multiple atolls. A contract was signed for the 'Solar City' 100MW floating solar PV project under the SEZ framework, awarded to APM SPV Pvt. Ltd., with completion targeted within two years.

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