President Dr Mohamed Muizzu has declared Project Solar City as the Maldives’ first Special Economic Zone (SEZ), following Presidential Decree No. 1/2025. The USD 187 million High Technology Park will include a 100 MW floating solar system, MICE tourism facilities, logistics hubs, and real estate ventures. Aimed at boosting investment and sustainability, the project supports the goal of generating 33 per cent of electricity from renewables by 2028.