Maldives-Israel
6 articles
Latest
NewsRasmale' bill allows property ownership in perpetuity
A new Real Estate Bill proposes a "surrender and re-grant" model to bypass the 99-year constitutional limit on land leases. By issuing a fresh 99-year lease each time a property is sold, the government effectively allows foreign entities to hold land in perpetuity. This move aims to incentivize investment in projects like Rasmalé.
NewsBill to "sell Rasmale'" introduced in Majlis
The Maldives government introduced a bill to sell 500 hectares of reclaimed land in Rasmalé to UAE-based Eagle Hills. The deal offers significant tax exemptions and has sparked public outcry due to the firm's alleged ties to Israel. Opposition parties and scholars raised concerns over the lack of financial gain for the state.
