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Leasing Rasmalé to a foreign entity for 99 years will bring social progress and benefits for generations: Muizzu
President Muizzu stated that leasing Rasmalé to a UAE firm for 99 years will drive long-term social and economic progress. The project involves land reclamation and infrastructure development, including schools and hospitals. While land fees are waived, the state will gain revenue through taxes and profit-sharing from the new tourism hub.
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