MoU signed with Chinese company to establish AEZ in the Maldives

Maldives Industrial Development Free Zone (MID) under State Trading Organization (STO) and China Harbor Engineering Company Limited signed a Memorandum of Understanding (MoU) yesterday to establish an Agriculture Economic Zone (AEZ) in the Maldives by reclaiming land from Uthuru Thila Falhu (UTF) for sustainable agriculture purposes.

The MoU was signed by STO Managing Director, Shimad Ibrahim, and Mao Bao the Country Manager of China Harbor Engineering Company Limited, at a ceremony held at the STO Trade Centre.