Holhudhoo MP Abdul Sattar Mohamed described the Maldives Waterfront and Marina project in Rasmalé as a long-term investment that could diversify the economy and boost tourism. He said only a memorandum of understanding has been signed with Eagle Hills so far, with no final agreement yet, and defended the need for investor incentives including 99-year land leases.
One outlet so far Only MM TV (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Government · Deploy police at Rasmalé and ensure alcohol and pork are not sold there
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He also stressed the difference between leasing land for 99 years and selling it freehold, saying land leased for 99 years would eventually return to the Maldives.
Word for word from the report in MM TV (English). Open the report
