Former President Abdulla Yameen Abdul Gayoom said that leasing the Malé Commercial Port to Dubai World would amount to an 'economic crime', comparing it to the earlier leasing of the international airport to GMR. He said Dubai World had previously offered to develop the port at Thilafushi or Malé during his term, and argued that Maldivians could build a container terminal themselves.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
This is a very sad story. If you have any economic or financial understanding, you will know that for a country like the Maldives surrounded by the sea, all trade goods traveling from east to west and west to east are going through two cha…
This is a major economic crime. It will be leased to them for 50 years, 100 years. We will not get much from that… However, if all these ships are going through Maldives, this is a gold mine
This is like selling [leasing] the airport to GMR
This will be a satellite of that port. An annex of that port. So they will never create a free zone like they did in Dubai, nothing like that
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
“Bigger vessels won’t cross unless it’s through Maldives. Fifty to 60 percent of the world’s cargo throughput goes across Maldives. This is such a huge economic benefit,” Yameen said
Word for word from the report in Maldives Republic. Open the report
“When the calculations were done, US$80 million could be used to build a container terminal in Malé,” he said.
Word for word from the report in Maldives Republic. Open the report
