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President issues new decree to set minimum investment thresholds for cross‑subsidy projects

President Dr Mohamed Muizzu issued a Presidential Decree setting minimum investment thresholds and eligibility for projects under cross-subsidised investment arrangements, in line with the Maldives Tourism Act. The decree lists eligible initiatives such as land reclamation, prison and social housing development, causeway construction and airport expansion, with the government describing the change from last year as minor and more flexible.

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  • Instead of detailing each project individually this time, the government has opted for a broader, more flexible description of the eligible initiatives

    Mohamed Hussain Shareef Maldives News Network Open the report (Maldives News Network)

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  • Chief Government Spokesperson Mohamed Hussain Shareef said the President's Office made only minor tweaks to last year's resolution not stated not stated Maldives News Network Speaking to PSM News, Chief Government Spokesperson Mohamed Hussain Shareef clarified that the President's Office made only minor tweaks to the resolution that was published last year.

    Word for word from the report in Maldives News Network. Open the report

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