🚨 EXCLUSIVE: India played crucial role in pushing Maldives to obey UAE on Rasmale demands. Card played during recent debt repayment talks. UAE were already choking Maldives by wielding its powers through the Sharjah Islamic Bank where the Maldivian government were being overly dependent on.
Rasmale dredging costing Maldives more than US$ 1,000,000 per day. President taking 'per-day cut' from project. MACL handling Rasmale documents in hard paper; believes digital storage more susceptible to leaks.
two months ago we said emaar is going to takeover rasmale and that a constitutional amendment is on the way
muizz called us liars on live tv a few days later
housing ministry gazetted an announced for consultancy services for a rasmale master plan on aug 08 and it had no mention of a mega resort project
eagle hills announcement is very rushed
india 🇮🇳 debt collection was on sept 16/17
eagle hills announcement on sept 21
Rasmalé is more than a development project — it is an investment in the Maldives’ future. This is the future we aspire for our kids. Economic independence is key to protect our sovereignty.
Thank you @MMuizzu for this visionary project.
How can an entire project be taxed as tourism while operating outside the Tourism Act? Several cabinet ministers have posted that TGST will be 'collected on all activity in the development.' Am I going crazy?
Attorney General says that Rasmale project will be goverened by a new Real Estate Act rather than the Tourism Act.
This is 100% true.
I reported 2 months ago that @MohamedNasheed is raising finances for a mega project in Laamu Atoll. It will be an SEZ Township.
We have identified the island as L. Baresdhoo. He is working together with @Banafsaa on facilitating this project. Nasheed’s Rasmale position will be taken into account by the PNC government. This is 100% true.
The Ras Malé agreement provides for State revenue through TGST at standard rates, 10% of the master developer’s revenue from first sales and leases, and a 4% payment on property value by buyers on first purchases and subsequent transfers.
The agreement grants no tax concessions or duty exemptions. The Government will take no loan and provide no sovereign guarantee for the development, ensuring that the project contributes to public revenue without creating these financial obligations for the State.
2/4
Housing Minister: Rasmale is projected to generate over 3 Billion USD in 10 year development period
Finance Minister: Rasmale is projected to generate over 11 Billion USD in 10 year development period
Nothing major, just an USD 8 billion, or MVR 123 billion difference between two Cabinet ministers talking about the same project.
@Midhuamsaud Minister @em_saeed is a national hero fighting a battle behind the scenes. He will not share the propaganda poster. Thank you, @em_saeed.
@MMuizzu
This is one of the longest Dhivehi articles I hav written so far on a phone.
Reading it will take a fair bit of your precious time. But I can assure you once you have read and understood this, it will be almost impossible for any politician to fool you on social housing with unrealistic numbers and promises like the ones we’ve seen over the last two elections.
So consider it an investment in yourself and your understanding of one of the biggest issues in this country.
Plz give it a try: https://t.co/k9h1943DGy