President Dr. Mohamed Muizzu on Friday laid the foundation stone for Project Aila, the Maldives’ first sustainable township and one of the largest foreign‑investment ventures undertaken under his administration. The $790 million project spans Noonu Atoll and has been formally designated a Special Economic Zone. The government signed the investment agreement with Crystal Holdings Pvt. Ltd. on December 31, clearing the way for what the government describe as a transformative model for long‑term development. At the ceremony, Peter Christic, chief executive of Project Aila, praised President Muizzu’s “far‑sighted leadership,” saying the township concept reflects a new direction for Maldivian growth. … Continue reading Muizzu Launches Maldives’ First Sustainable Township Project, a $790 Million SEZ Development