President Dr Mohamed Muizzu announced that Agro National Corporation Limited (AgroNat) will become a subsidiary of Maldives Industrial Fisheries Company Limited (MIFCO), alongside a wider consolidation of state-owned enterprises. He also reaffirmed a plan to develop ten citizen-owned resorts on ten designated islands, with annual foreign-currency payments to citizens anticipated from 2030.
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Maldivians as the rightful owners of the nation's natural assets, deserving a direct and systematic share
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payments of at least 400 United States dollars a person a year anticipated from 2030
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He said the facility is expected to be completed by 10 December next year, serving both traders and the public.
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AgroNat was established in April 2020 under the Maldives Fund Management Corporation to develop agriculture as an industry.
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