The government of President Dr. Mohamed Muizzu has introduced sweeping revisions to the Maldives’ Special Economic Zone framework, a recalibration aimed at pulling the nation’s narrow, tourism‑dependent economy onto more stable and diversified ground. The updated standards, issued under the 2014 Special Economic Zone Act, represent one of the administration’s most ambitious efforts to court large‑scale foreign capital. The new criteria, approved last week after consultations with the Economic Council and investment authorities, divide SEZ projects into two tracks. One targets major commercial ventures with a minimum investment of $100 million. The other focuses on “sustainable township development”, a category … Continue reading Maldives Under President Muizzu Moves to Recast Special Economic Zones to Attract Major Foreign Investment