Organisation
Rasmale' Development Project
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Economy
Rasmale' project to generate 14,000 permanent jobs
President Dr. Mohamed Muizzu stated that the Rasmale' Development Project will create approximately 14,000 permanent jobs and 54,000 development-phase employment opportunities, with total investment reaching an estimated USD 30 billion. He assured that foreign land ownership remains prohibited, Israeli nationals will be barred from purchasing property in the project area, and the State will receive 5,000 housing units plus 10 percent of the developer's revenue.
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