President Mohamed Muizzu announced that the government aims to extend leases of uninhabited islands from ten years to 25 years, with a possible later extension to 50 years, to let local councils make long-term investments. A guideline published in the Government Gazette on 17 February lists 25 uninhabited islands for lease to local councils, with plans to expand the list.
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The guideline, published in the Government Gazette on 17 February, puts up for lease 25 uninhabited islands for local councils.
Word for word from the report in Maldives Republic. Open the report
Initially, we have officially listed a select number of uninhabited islands for lease. We aim to mitigate any risk by refraining from leasing an uninhabited island that the previous administration has transferred to another entity, an unin…
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The government aims to extend the lease period for uninhabited islands from the current ten years to 25 years
Word for word from the report in Maldives Republic. Open the report
He further hinted at a potential future extension of the lease period to an unprecedented 50 years.
Word for word from the report in Maldives Republic. Open the report
The government aims to extend the lease period for uninhabited islands from the current ten years to 25 years in a move aimed at bolstering local economies, President Mohamed Muizzu has announced. This announcement was made during his tour of the Raa and Baa atolls.
Word for word from the report in Maldives Republic. Open the report
Speaking with the community of Meedhoo Island, Raa Atoll, President Muizzu underscored that this extension would allow local councils to make more substantial, long-term investments in these islands.
Word for word from the report in Maldives Republic. Open the report
