Maldives awards contract for Phase 1 of Thilafushi Port to a Chinese company

The Maldives has abandoned its port development agreement with India. A new memorandum was signed with a Chinese company for the Thilafushi Port project. This move raises concerns about China's growing influence in the region. The Maldivian economy faces significant challenges and projected growth decline this year. India has previously undertaken major infrastructure projects benefiting the island nation.

Raccontata daeconomictimes.indiatimes.com