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The Maldives’ Minister of Economic Development and Trade, Mohamed Saeed, said that the preparations for the dredging works required to initiate the Maldives Economic Gateway project are underway.
This major infrastructure project is set to bolster the country’s focus on maritime services and economic security, encompassing sectors such as real estate, tourism and various other businesses.
In his statement on X, Minister Saeed emphasized the government’s commitment to expedite the commencement of the dredging operations for the Maldives Economic Gateway program.
The Maldives Industrial Development Free Zone Public Limited has been designated as the master developer of the project.
Also, the Maldivian government has declared the area earmarked for the Maldives Economic Gateway project to be a Special Economic Zone.