MP Ahmed Azaan criticised former President Abdulla Yameen's opposition to the Rasmale' project, saying Yameen's stance is inconsistent with his earlier support for foreign investment with freehold ownership. Yameen told a rally at the Artificial Beach that a future government would stop the project and pay no compensation.
One outlet so far Only The Edition has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Yameen heavily criticized the project during last night's rally at the Artificial Beach protesting the Rasmale' project.
Word for word from the report in The Edition. Open the report
...Everything was good at the time. It was a "mega investment". Now Yameen is against it because the Rasmale' project does not give permanent ownership
When Yameen was the President, including permanent ownership of plots for investors was a visionary strong policy. Now however, investments that do not offer permanent ownership such as this is an issue. It is a very two-faced policy
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
it was going to be done with the inclusion of a certain level of investment and 70 percent of permanent ownership (freehold)
Word for word from the report in The Edition. Open the report
an Integrated Real Estate Zone can only be leased to a master developer for a maximum of 99 years
Word for word from the report in The Edition. Open the report
Earlier reports gave 99 years 9 Nov, 10:47 Byline
properties in the zones can be sold under leasehold rights for a period of 99 years under a surrender and regrant model
Word for word from the report in The Edition. Open the report
