Framework agreement signed for Maldives Economic Gateway project

The agreement outlines the development of the Maldives Economic Gateway Project, which aims to transform Ihavandhippolhu into a trade and logistics hub.

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Agreement signing for Maldives Economic Gateway Project

Malika Shahid

2024-11-09 17:13:05

Maldives Industrial Free Zone (MIDFZ) and Singapore's Capital Asia Investments have signed a framework agreement to implement the Maldives Economic Gateway project.

Ministry of Economic Development and Trade said that this agreement is a significant step for the Economic Gateway project. The framework was signed by Shimad Ibrahim, Managing Director of STO, on behalf of the Maldives Industrial Free Zone, and Tan Kun Chiao George, Chief Commercial Officer of Capital Asia Investments.

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