A service agreement has been signed with a British company to carry out high-end housing projects in the Special Economic Zone (SEZ).

The service agreement was signed with Henley & Partners, one of the world's most notable companies, during the ongoing Maldives Investment Forum in Singapore.

Economic Minister Mohamed Saeed signed the agreement on behalf of the Maldivian government. Filieth Amarante, Managing Partner for the Middle East at Henley & Partners, signed on behalf of the company.

While detailed information about the agreement, titled "Service Agreement for a Residence by Investment Program," was not provided, the government stated that this project is part of President Dr. Mohamed Muizzu's Vision 2024.

The high-end housing projects in the Special Economic Zone (SEZ) are being developed targeting the world's wealthiest individuals. The government has stated that with this project, the Maldives' tourism and economy will advance.

A minimum investment of USD 500 million is required for developing sustainable townships in Special Economic Zones.