Ras Malé deal to go to Parliament, Muizzu pledges
President Muizzu said on Wednesday the full Ras Malé agreement with Eagle Hills will go to Parliament once finalised, and most of 5,000 Hulhumalé flats will go to young people and workers.
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Ras Malé to earn eight times more tourism GST than a resort, minister says
Infrastructure Minister Dr Abdulla Muththalib said Ras Malé would bring the state about USD 340 million a year in tourism GST and pledged to protect resort businesses.
Ras Malé properties can only be sold back to the state, President Muizzu says
President Dr Mohamed Muizzu says the government will keep full control of Ras Malé properties, with 99-year leaseholders able to sell only to the state and Maldivian law applying throughout.
Government rules out automatic lease renewal at Ras Male
The housing ministry told parliament that no Ras Male land will be leased on automatically renewing terms and none will pass into foreign ownership, with the state expecting a land premium of about USD 3.1 billion.
