Company
Maldives Waterfront and Marina project
In the news, last 90 days
Economy
Former PG cites USD 3.1 billion projection in Rasmalé defence
Former Prosecutor General Uz Muhuthaz Muhusin, writing on X, defended the Rasmalé development by citing a projected USD 3.1 billion in State revenue over 10 years, including USD 500 million payable to the State in advance. He compared this with an estimated USD 283 million over a 99-year lease for a conventional 500-hectare lagoon in Malé Atoll, while the Maldives Waterfront and Marina project across 500 hectares in Rasmalé is planned with USD 20 billion in initial investment and expected to attract over USD 30 billion in total foreign direct investment.
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