The smallest investment at SEZ set at USD 150 million

The President has decided that the smallest investment that can be made at the Special Economic Zone (SEZ) is of USD 150 million.

According to a resolution issued today with the signature of President Abdulla Yamin Abdul Gayoom, investments made in the Maldives have to be in one or more of the seven categories. The categories being transshipment, international logistics, port, airport, bulk breaking, bunkering and docking service.

And also includes university, tertiary hospital, super specialty hospital, and research and development facilities. And information communication technology (ICTC), parks, international finance service and international trade centers.

It also includes renewable energy, oil and gas explorations and introducing technologies new to the country.

The resolution said that the President would decide on the projects that can be conducted under the SEZ, total investments and lowest investment under the advisement of the SEZ board before the month of February every year.