Former president Mohamed Nasheed said on social media that foreign investment strengthens economies rather than threatening independence, citing Singapore and South Korea. His remarks come amid opposition protests against awarding the Ras Malé project to Abu Dhabi-based Eagle Hills under a USD 20 billion agreement.
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President Dr. Mohamed Muizzu clarified during a press conference on Monday that the government would not hold a referendum on the Eagle Hills project in Ras Malé.
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Several political parties opposing the awarding of the Rasmale’ project to Eagle Hills joined forces under the banner of the "National Movement" to hold a special rally at Artificial Beach on Friday night.
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The Maldivian government signed a USD 20 billion agreement with Abu Dhabi-based Eagle Hills, in the UAE, to develop and operate a modern waterfront marina and real estate properties in Ras Malé.
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