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NewsRasmale' deal to be signed by November 17, Muizzu tells MPs
President Muizzu announced that a permanent agreement to sell 500 hectares of Rasmalé to UAE businessman Mohamed Alabbar will be signed by November 17. The deal includes a 99-year lease term that resets with each property transfer. This move contradicts the President's earlier pledge to never lease the reclaimed land to foreign entities.
NewsPNC MPs gather at Mulee'aage for meeting on Rasmale' deal
PNC lawmakers and ministers met at the presidential residence to discuss selling Rasmalé to UAE-based Eagle Hills. Despite President Muizzu’s pledge against foreign land ownership, the government is drafting new laws to facilitate the 99-year lease. The deal for 500 hectares of reclaimed land is set for finalization on November 11.
