The government has issued its first Initial Permit under the Special Economic Zones Act to undertake a large-scale solar project in the Greater Male’ Region. The Project will significantly contribute to President Dr. Mohamed Muizzu’s commitment towards generating at least 33% of the nation’s energy needs through renewable sources by 2028.

The Maldives Industrial Development Free Zone (MIDFZ) and China Harbor Engineering Company Limited signed an MOU on 28th March 2024, to establish an Agricultural Economic Zone (AEZ) in the Greater Male’ Region. This project aims to address the challenge of food security and transform the agriculture industry of the Maldives.