Fisheries Minister Ahmed Shiyam accused the opposition of wanting Maldivians to remain beggars and of using a rally against the planned USD 20 billion Rasmale' project to launch their 2028 campaigns. The project, signed with Abu Dhabi-based Eagle Hills, faces controversy over alleged land terms and opposition claims about the developer's ties to Israel.
One outlet so far Only Sun English has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
On September 21, Abu Dhabi-based real estate giant Eagle Hills signed a commercial terms agreement or letter of intent for a mega project to develop a new integrated island destination in Rasmale’
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I would be in the front row if it were a national affair. But what we witnessed tonight was our rival political parties launch their 2028 campaign by gravely misleading the public. This was not something responsible political parties would…
They want to achieve one objective. And that is their political objective.
One example is how we paid off USD 1.9 billion in sovereign debt created by previous administrations, saving the people of this country from the debt trap.
But no matter how large and high the value of investment, this administration will not welcome any investment or investors who do not respect Maldives’ religion, culture, sovereignty, independence, constitution and laws.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
the planned USD 20 billion waterfront and marina project in Rasmale’
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alleged plans to grant Eagle Hills 500 hectares of reclaimed land for 99 years without acquisition cost or lease payment
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how we paid off USD 1.9 billion in sovereign debt created by previous administrations
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the project could attract more than USD 30 billion in gross foreign investment over its lifetime
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Earlier reports gave more than USD 30 billion 9 Nov, 14:06 Sun English
including about USD 18 billion in net foreign investment in the Maldives
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It is also expected to create more than 54,000 direct and indirect jobs.
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Earlier reports gave more than 54,000 9 Nov, 14:06 Sun English54,000 jobs 9 Nov, 10:16 Sun English
generate more than USD 2 billion in annual tourism revenue
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Earlier reports gave more than USD 2 billion 9 Nov, 14:06 Sun English2 billion 9 Nov, 10:16 Sun English
