Maldives Industrial Development Freezone

About MIDFZ

Established in 2024 as a Special Economic Zone company, pioneering industrial development in the Maldives with USD 100 million in authorized capital and strategic government partnerships.

Our Purpose & Direction

Guided by our mission and driven by our vision, we are committed to transforming the Maldives into a premier industrial destination in the Indian Ocean region.

Our Mission

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To secure the economic security of vital commodities and establish a comprehensive Special Economic Zone that drives sustainable industrial development in the Maldives through strategic partnerships and innovative solutions.

Economic Security

Securing vital commodity supply chains

Industrial Facilities

Bulk import and processing capabilities

Investment Attraction

Driving SEZ development initiatives

Strategic Partnerships

Fostering public-private collaborations

Our Vision

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To be the leading Economic Free Zone in the Indian Ocean region, recognized for environmental sustainability, innovative technologies, and comprehensive value-added processing capabilities.

Value Addition

Large-scale processing and value addition before re-export

Strategic Partnerships

Public-private partnerships sharing risks and benefits

Environmental Leadership

Sustainable practices and green technologies integration

Our Shareholders

MIDFZ is backed by five leading State Owned Enterprises of the Maldives, providing strong foundation and expertise across key sectors.

State Trading Organization Plc. logo

State Trading Organization Plc.

Leading trade and import company

12%
Maldives Airports Company Limited logo

Maldives Airports Company Limited

Airport operations and logistics

12%
Maldives Transport and Contracting Company Plc. logo

Maldives Transport and Contracting Company Plc.

Transport and contracting services

12%
Housing Development Corporation Limited logo

Housing Development Corporation Limited

Urban development and housing

12%
Maldives Ports Limited logo

Maldives Ports Limited

Port operations and maritime services

12%

Available for Investment

Open to strategic partners

40%

Our Core Values

The principles that guide our operations and shape our relationships with investors, partners, and the community we serve.

Integrity

We conduct our business with the highest ethical standards, transparency, and accountability in all our operations.

Sustainability

We are committed to sustainable development practices that benefit both business and the environment.

Quality

We maintain the highest quality standards in our infrastructure, services, and business practices.

Partnership

We believe in building long-term partnerships with our investors, stakeholders, and the local community.

Innovation

We embrace innovation and cutting-edge technologies to provide world-class industrial solutions.

Excellence

We strive for excellence in all our services, infrastructure, and partnerships, setting the highest standards for industrial development.

Our Journey

From establishment to becoming a leading industrial development zone - our key milestones and achievements over the years.

2024

Establishment

MIDFZ was established as the premier industrial development freezone in the Maldives

2024

Capitalization

Authorized capital of USD 100 million secured with strategic government partnerships

2025

Infrastructure Planning

Initiated planning for the first phase of infrastructure development in Hulhumale' Phase II

2026

Investment Attraction

Target to secured over $2 billion in foreign direct investment for industrial projects

2027

Operational Expansion

Expanded operations to include multiple sectors and international partnerships

Ready to Partner with Us?

Discover how MIDFZ can be your gateway to success in the Indian Ocean region. Let's explore the opportunities together.