News

STO aims to invest in unique and innovative businesses

Managing Director of State Trading Organisation (STO) Hussain Amru has said the aim is to invest in unique and innovative ideas to introduce new business ideas to the public. He made the remarks during a visit to the Consumer Electronics Show (CES) held in Las Vegas, United States (US).

Speaking about his visit, Amru said that investing in technology is one of the most important steps STO is taking currently. As such, he said the fair provided information on technologies that could be introduced to the Maldives, including devices that could be used to deliver medical supplies, innovative devices for individuals with disabilities, and new technologies that are important to the country's environmental sector.

CES, one of the world’s largest tech fairs, is being held in Las Vegas this year with 3,200 companies from 173 countries. STO also participated in the Big Five Exhibition 2022, one of the largest fairs in the construction industry. STO stated its participation as an exhibitor at the fair was to facilitate the expansion of STO Constructions to the international market. More than 60 countries from around the world participated in the fair held in Dubai, United Arab Emirates (UAE).