“Airport Economic Zone Tower will be a pride for Maldivians”

Minister of Economic Development and Trade Mohamed Saeed has affirmed that the tower being developed in the Airport Economic Zone will be a landmark which will serve as a source of pride for Maldivians. The tower is being developed in Funadhoo, Male Atoll. 

Providing information on this project, Minister of Economic Development and Trade Mohamed Saeed highlighted that efforts are underway to relocate the fuel storage in Funadhoo, assuring that the development of the tower will commence once the relocation is completed. He expressed confidence in the tower being a source of pride for all Maldivians. 

In the ceremony held to inaugurate the airport developmental project of Velana International Airport and the development of the Special Economic Zone (SEZ), President Dr. Mohamed Muizzu pledged to establish an international financial institution in Funadhoo. The government has decided to develop the SEZ, including the financial centre, during the third phase of the airport development project of VIA. Minister Saeed revealed that the financial centre will be established within next year.

The government prioritises expanding the financial system and developing a system which ensures access to financial assistance for businesses more conveniently. Under these efforts, the Development Bank of Maldives was established in November 16.