President Ibrahim Mohamed Solih, on Sunday, established the 'Tradenet Maldives Corporation Limited'.
According to the President's Office, the 100 percent state-owned enterprise was formulated as a 'Single Window Operator' for business-related services "under a single roof".
The state company is authorized to press and receive charges, and acquire movable and immovable assets.
In addition, the corporation's mandate states that the fully state-run company has a capital of MVR 50 million.
While the government recently established the new 'Road Development Corporation' specialised in road development and maintenance, President Solih has established a handful of state-run corporations focusing on various sectors since assuming power.
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